SEOUL (Reuters) – South Korean manufacturers’ business optimism in August hit its highest level in seven months, a central bank survey showed on Thursday, as concern about raw material pri[...]
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July 26, 2023
Instant view: Fed raises interest rates, leaves door open to another increase
NEW YORK (Reuters) – The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. ce[...]
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PacWest stock soars on $1.1 billion buyout deal with Banc of California
By Niket Nishant and Manya Saini (Reuters) -PacWest Bancorp’s shares jumped nearly 29% on Wednesday, as investors cheered Banc of California’s $1.1 billion deal for the lender that has bee[...]
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Global shares flat, US yields fall after Fed delivers rate hike
By Chibuike Oguh NEW YORK (Reuters) – Global shares were mostly flat while U.S. yields fell on Wednesday after the Federal Reserve delivered its 11th consecutive hike in interest rates aimed at[...]
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Owners of morning-after pill Plan B mulling $4 billion sale of company – source
By Abigail Summerville (Reuters) – The private equity owners of popular emergency contraception pill Plan B, Foundation Consumer Healthcare, have hired advisors to explore options including a po[...]
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US new home sales fall, but trend remains strong
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell in June after three straight monthly increases, but the trend remained strong as an acute shortage of previous[...]
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Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an exe[...]
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First delivery of Boeing 737 MAX 7 delayed to 2024 -US SEC filing
By Valerie Insinna and David Shepardson (Reuters) – Boeing’s first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects[...]
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Visa discloses further demands from US DoJ over ongoing anti-trust probe
(Reuters) – Visa disclosed on Wednesday it had received demands from the U.S. Department of Justice for additional documents and information over its debit card practices in the United States an[...]
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