By Carolina Mandl NEW YORK (Reuters) -A U.S. market rally in equities and bonds in November led global hedge funds to post their best monthly performance since January, although it caused losses to be[...]
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December 7, 2023
Lululemon’s bleak holiday-quarter targets overshadow strong Q3
By Annett Mary Manoj and Ananya Mariam Rajesh (Reuters) -Lululemon Athletica Inc on Thursday forecast fourth-quarter results below expectations, striking a cautious tone for the holiday season and sen[...]
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Coffee trader Mercon runs out of credit, files for bankruptcy
By Marcelo Teixeira NEW YORK (Reuters) -Mercon Coffee Group, one of the world’s largest coffee traders, has filed for bankruptcy protection in the U.S. due to what it defined as “exception[...]
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Tata Motors lobbies India not to lower EV import taxes as Tesla looms-sources
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors,[...]
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Broadcom sees revenue below estimates on weak enterprise spending
By Arsheeya Bajwa and Chavi Mehta (Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its[...]
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Blackstone, Digital Realty join hands to develop $7 billion data centers
(Reuters) – U.S. investment giant Blackstone and data-center firm Digital Realty will create a joint venture that will spend $7 billion on developing data centers, the companies said on Thursday[...]
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US, Mexico to cooperate on investment security screening, payments systems
By David Lawder MEXICO CITY (Reuters) -The U.S. and Mexico agreed on Wednesday to cooperate on stronger screening of investments to reduce national security risks and discussed integrating cross-borde[...]
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US bitcoin ETF issuer talks with SEC have advanced to key details -sources
By Suzanne McGee and Hannah Lang (Reuters) – Discussions between the U.S. securities regulator and asset managers hoping to list bitcoin exchange-traded funds (ETFs) have advanced to key technic[...]
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Levi Strauss says CEO Bergh to retire in April 2024
(Reuters) – Levi Strauss & Co CEO Chip Bergh would retire from the company in April, the company said on Thursday. Bergh has led Levi’s for over a decade and was involved in the compan[...]
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