(Reuters) – Eli Lilly and Co said on Tuesday it plans to invest an additional $450 million to expand its manufacturing capacity at the Research Triangle Park facility in North Carolina to suppor[...]
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January 24, 2023
Pressures ease though German economy still shy of growth -flash PMI
BERLIN (Reuters) -Pressure on the German economy eased further in January as inflation slowed and businesses looked to the new year with optimism, a preliminary survey showed on Tuesday, although sent[...]
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After a long, cold year, investors are flocking back to Europe
By Alun John and Danilo Masoni MILAN/LONDON (Reuters) – A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started[...]
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U.S. homebuilder D.R. Horton beats quarterly profit estimates
(Reuters) -U.S. homebuilder D.R. Horton Inc beat estimates for first-quarter profit on Tuesday, helped by higher home prices as demand outpaced supply due to raw material and labor shortages. While ho[...]
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Michael Dee resigns from Velodyne Lidar’s board
(Reuters) – Sensor maker Velodyne Lidar Inc said on Tuesday former chairman Michael Dee has resigned from the company’s board, effective immediately. “Dee has previously criticized t[...]
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Yellen urges Zambia debt restructuring after talks with China
By Andrea Shalal LUSAKA (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday on a visit to Zambia it was critically important to restructure its debt, and she believes progress could be made[...]
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Unilever’s dominance in India helps it raise prices, pinching rural poor
By Richa Naidu and Aditya Kalra LONDON/NEW DELHI (Reuters) – Unilever racked up strong sales growth in India last year on the back of sharp prices increases thanks to its dominant market positio[...]
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Debt ceiling ‘game of chicken’ will terrify markets -Bain Capital’s Lavine
By Nell Mackenzie LONDON (Reuters) – If the U.S. Congress becomes mired in an argument on whether to raise the debt ceiling, this will hurt the U.S. economy and rattle financial markets, a top e[...]
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Marketmind: Tech tonic, recession rethink
A look at the day ahead in U.S. and global markets from Mike Dolan. Pumped-up hopes for U.S. tech sector earnings in a heavy week for corporate updates generally have twinned with the latest sign Euro[...]
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