By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for a second straight month in June as an increase in the cost of fuels was more than offset by declines elsewhere, the latest in[...]
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July 14, 2023
Kering boss Pinault in talks to buy majority of Hollywood agency CAA -source
By Anirban Sen (Reuters) -Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agenc[...]
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US Treasury surveys dealers on auctions, buyback program
(Reuters) – The U.S. Treasury Department is asking primary dealers their views on what specific bonds it should issue more of when it needs to raise more funds through the bond market, and for d[...]
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Nokia misses Q2 expectations, lowers full-year guidance
STOCKHOLM (Reuters) – Finnish telecom gear group Nokia reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its f[...]
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Wells Fargo hikes outlook for interest income after profit surges 57%
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo raised its annual forecast for net interest income (NII) after its profit surged 57% in the second quarter, sending its share[...]
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BlackRock’s shares edge lower as inflows slow
By Jaiveer Shekhawat and Carolina Mandl (Reuters) -BlackRock Inc, the world’s biggest asset manager, handily beat second-quarter profit estimates but showed a slowdown in money inflows, sending[...]
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Investors in VinFast’s SPAC cash out most shares
HANOI (Reuters) -Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that has plans to merge with Vietnam’s electric automaker VinFast to allow a U.S. listing,[...]
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S&P 500 Q2 earnings now seen down 8.1% yr-over-yr; 6.4% decline seen week ago-Refinitiv
NEW YORK (Reuters) – S&P 500 company aggregate earnings for the second quarter are now seen down 8.1% from the year-ago quarter, compared with a 6.4% decline forecast by analysts a week ago,[...]
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Citigroup profit drops 36% on trading slump, rising expenses
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its W[...]
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