By Caroline Valetkevitch NEW YORK (Reuters) – Further relief from the U.S. bank stocks rout may have to wait until banks report quarterly results starting next month, which strategists said coul[...]
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March 28, 2023
Marketmind-Swinging between bank fears and rate risks
A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem caught between the devil and the deep blue sea. Easing concerns about bank stability this week have merely re-introduced[...]
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China spent $240 billion bailing out ‘Belt and Road’ countries – study
By Rachel Savage JOHANNESBURG (Reuters) -China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loa[...]
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Alphabet seeks dismissal of US antitrust lawsuit over Google’s online ads
By Diane Bartz WASHINGTON (Reuters) -Google parent Alphabet asked a U.S. federal judge on Monday to dismiss a Justice Department lawsuit alleging that the search giant illegally abused its dominance o[...]
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China’s Nio opens trial for high-speed EV battery swapping stations
SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio Inc began trial operation on Tuesday of faster, more efficient battery swapping stations in China in its push to make battery swappin[...]
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Starbucks, union at odds over hybrid negotiations
(Reuters) -Starbucks Corp, which has faced criticism over its opposition to union organizing, said the labor union representing some of its stores has rejected in-person bargaining sessions and is ins[...]
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Nestle to examine banking relationships following Credit Suisse downfall
ZURICH (Reuters) -Nestle will examine its banking relationships following the planned takeover of Credit Suisse by UBS, the food group’s Chief Executive Mark Schneider said on Tuesday. The world[...]
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Johnnie Walker maker Diageo names Crew as new chief
By Richa Naidu and Yadarisa Shabong (Reuters) – Diageo on Tuesday appointed Chief Operating Officer (COO) Debra Crew as CEO to replace retiring long-time boss Ivan Menezes, becoming one of only[...]
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Allianz applies to set up new fund management unit in China
By Selena Li HONG KONG (Reuters) – Allianz Global Investors (AllianzGI) has become the latest foreign asset manager to seek Beijing’s approval to expand in the world’s second-largest[...]
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