By Hannah Lang (Reuters) -The U.S. District of Columbia Court of Appeals on Tuesday ruled that the Securities and Exchange Commission (SEC) was wrong to reject an application from crypto asset manager[...]
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August 29, 2023
Commerce chief says US firms complain China is ‘uninvestible’
By David Shepardson BEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become “uninvestible,” pointing to fines, raids and o[...]
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U.S. FAA updates airworthiness directive on Boeing 777s
WASHINGTON (Reuters) -U.S. aviation regulators have issued an updated directive regarding a cracking issue with all of Boeing’s 777 model airplanes, according to a notice posted online on Tuesda[...]
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Chinese investment in Brazil plunges 78% in 2022, hits lowest since 2009
By Bernardo Caram BRASILIA (Reuters) – Chinese investments in Brazil tanked 78% in 2022 compared with the previous year, hitting their lowest in 13 years as funds committed to resource projects[...]
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Google unveils AI tools for enterprise customers at $30 a month
(Reuters) -Google on Tuesday made its artificial intelligence-powered tools available to enterprise customers at a monthly price of $30 per user, as the Alphabet-owned firm looks to cash in on the tec[...]
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Chinese banks to cut existing mortgage rates as property crisis deepens
BEIJING (Reuters) -Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive th[...]
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US consumer confidence drops in August on inflation worries
WASHINGTON (Reuters) – U.S. consumer confidence fell more than expected in August after two straight monthly increases amid renewed concerns about inflation, a survey showed on Tuesday. The Conf[...]
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BMO, Scotiabank miss profit estimates as bad loan provisions, costs rise
By Nivedita Balu and Pritam Biswas (Reuters) – Bank of Montreal and Bank of Nova Scotia, Canada’s third and fourth largest banks, missed analysts’ estimates for quarterly profit on T[...]
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Nvidia’s forward PE ratio tumbles to lowest in eight months
By Noel Randewich (Reuters) – Increased analysts’ estimates since Nvidia’s strong quarterly report last week have left the world’s most valuable chipmaker trading at its lowest[...]
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