(Reuters) – Bank of Montreal’s second-quarter profit jumped as higher interest rates shored up the lender’s net interest income, the Canadian bank said on Wednesday. Net income exclu[...]
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May 24, 2023
U.S. silicon photonics chip startup Ayar Labs gets AI funding boost
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, mor[...]
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Analysis-US retailer holiday orders should boost transport demand, but risks loom
By Lisa Baertlein LOS ANGELES (Reuters) – The slumping U.S. transportation sector could be bouncing off a bottom as retailers start preparing for the back-to-school season and winter holidays, b[...]
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Marketmind: Fears of 6% and US debt jam
A look at the day ahead in U.S. and global markets from Mike Dolan World markets are finally bracing for accidents as the U.S. debt ceiling impasse threatens to empty U.S. government coffers as soon a[...]
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UK inflation falls by less than expected, heaping pressure on BoE
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a[...]
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China was reducing Micron chip purchases years before ban
By Eduardo Baptista BEIJING (Reuters) – In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases[...]
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IMF Managing Director says she does not expect a rapid shift in US dollar reserves
DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisat[...]
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Sony says independent player status paying off in streaming war
By Sam Nussey TOKYO (Reuters) – Sony Group Corp said on Wednesday that its status as an independent provider of content to streaming services is paying off at a time when platform operators are[...]
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More tech investment needed to prevent aviation accidents – US safety board
By David Shepardson WASHINGTON (Reuters) -The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents this year, the head of the U.S. National T[...]
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