By Laura Sanicola (Reuters) -Oil prices settled up 2% on Thursday on expectations of steep cuts to Russian production next month, but a stronger dollar and a sharper-than-expected jump in U.S. invento[...]
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February 23, 2023
‘Stubborn’ food inflation leaves U.S. shoppers with slim appetite for other goods
By Siddharth Cavale (Reuters) – As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing and housewares, in a challenging trend[...]
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Two charged with insider trading in Kodak before COVID loan announcement
By Jonathan Stempel NEW YORK (Reuters) -A former pharmaceutical executive and his cousin were charged on Thursday with insider trading in Eastman Kodak Co stock based on tips that the company was lini[...]
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Moderna forecasts COVID sales decline as costs rise, shares fall
By Leroy Leo (Reuters) – Moderna Inc on Thursday forecast declining COVID-19 vaccine sales and rising costs for 2023, raising concerns the U.S. biotech company could post a loss this year, and i[...]
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Short-dated options trade behind Thursday’s U.S. stock market choppiness -Nomura’s McElligott
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An intraday dip in the S&P 500 Index on Thursday was spurred by large trades in short-dated derivatives that piled selling pressure on the market, a[...]
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Pakistan set to raise interest rates in off-cycle review, say investors
By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan’s central bank is set to raise interest rates as early as this week in an off-cycle review, investors said, as the South Asian nation faces[...]
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SEC, New York regulator oppose Binance.US $1 billion deal for Voyager
By Tom Wilson and Yana Gaur (Reuters) -The U.S. Securities and Exchange Commission and New York’s top financial regulator have opposed crypto exchange Binance.US’s $1 billion deal to buy b[...]
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Singapore’s Grab brings forward profitability goal, sees strong 2023
(Reuters) -Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline, betting on str[...]
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Egg prices will fall nearly 30% this year, U.S. farm agency says
By Leah Douglas ARLINGTON, Va. (Reuters) – Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States does not see a rebound in outbreak[...]
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