By David Lawder, Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt li[...]
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May 16, 2023
China’s April data show economic recovery losing steam, testing policymakers
By Ellen Zhang and Joe Cash BEIJING (Reuters) -China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second qu[...]
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EU must build cutting-edge computer chips – industry chief Breton
By Toby Sterling ANTWERP, Belgium (Reuters) – EU industry chief Thierry Breton on Tuesday touted the European Chips Act passed last month, saying Europe must manufacture its own cutting-edge com[...]
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Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by US Virgin Islands
By Tom Hals WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses[...]
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Morgan Stanley weighs cutting 7% of Asia investment bank jobs-source
(Reuters) -Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter. The cuts would mainly i[...]
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Nelson Peltz adds to Disney stake following share sale – Bloomberg News
(Reuters) -Nelson Peltz, the activist investor who launched and then gave up a proxy fight earlier this year at Walt Disney Co, has recently added to his stake in the company, Bloomberg News reported[...]
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Focus shifts to retailers as U.S. quarterly results hit final leg
By Caroline Valetkevitch NEW YORK (Reuters) – First-quarter U.S. company results are winding down, but investors will get one last blast of reports in coming days from some top retailers, which[...]
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Marketmind: Europe has a data fest, and growth worries
A look at the day ahead in European and global markets from Vidya Ranganathan Tuesday’s a busy day for European markets. We get preliminary growth numbers for the euro zone, inflation in Italy,[...]
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Exclusive-LG Display to supply OLED TV panels to Samsung Elec – sources
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a dea[...]
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