By Melanie Burton MELBOURNE (Reuters) – Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among[...]
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May 11, 2023
PacWest shares plunge after it reports drop in deposits
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said its deposits declined and that it had posted more collateral to[...]
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Russia fines Google over ‘LGBT propaganda’ and ‘false information’ – agencies
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google <GOOGL.O> 3 million roubles ($38,600) on Thursday for failing to delete YouTube videos it said promoted “LGBT propaga[...]
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Nissan expects 38% full-year profit rise on stronger sales outlook
By Daniel Leussink TOKYO (Reuters) -Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on stronger sales, a rosier outlook for the Japanese automaker as it retools[...]
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From PaLM to Sidekick, Google serves up a ‘smorgasbord’ of AI
By Greg Bensinger (Reuters) -Google announced a flurry of artificial intelligence products – but users might need AI just to understand them all. The Alphabet Inc unit on Wednesday demonstrated or ref[...]
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Climate change not ‘serious risk’ to financial stability, Fed’s Waller says
By Howard Schneider WASHINGTON (Reuters) -Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately[...]
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Electric vehicle maker Polestar cuts production guidance, jobs
By Marie Mannes STOCKHOLM (Reuters) – Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and said it would cut headcount by 10%, citing a delayed produ[...]
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Buffett’s Dairy Queen sees Taiwan among possible new markets, while mindful of geopolitics
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical c[...]
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Blackstone, Apollo were among about 20 bidders for SVB’s assets
(This May 10 story has been corrected to fix the bids closing to March 24, not March 10, in paragraph 3) (Reuters) – Blackstone Inc and Apollo Global Management were among about 20 bidders for s[...]
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