By Laurie Chen BEIJING (Reuters) – Strikes at Chinese factories have surged to a seven-year high and are expected to become more frequent as weak global demand forces exporters to cut workers[...]
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June 14, 2023
Fed leaves rates unchanged, sees two small hikes by end of 2023
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need to ris[...]
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US stocks end mixed after Fed signals more rate hikes to come
By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled in new economic projections that b[...]
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Microsoft, Activision ask judge for speedy schedule in FTC challenge
By David Shepardson WASHINGTON (Reuters) -Time is running out on a deadline for Microsoft to complete its $69 billion acquisition of Activision Blizzard, compelling the companies to ask a U.S. judge o[...]
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Canada freezes ties with China-led AIIB, probes allegations of Communist domination
By David Ljunggren OTTAWA (Reuters) -Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party,[...]
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Citi CFO says 1,600 job cuts will boost second-quarter expenses
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc in the second quarter will book severance costs associated with around 1,600 job cuts, Chief Financial Officer Mark Mason said on Wednesday. Speaki[...]
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Marketmind: Can risk appetite resist Fed’s hawkish skip?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A raft of economic data and a likely medium-term policy easing from China[...]
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Canada’s Bell deepens news industry gloom with 1,300 job cuts
By Samrhitha A and Aditya Soni (Reuters) -Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and[...]
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Health insurers slammed after UnitedHealth says more surgeries driving up costs
By Bhanvi Satija and Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs were on the rise due to an increase in surgeries among older adults[...]
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