By Victoria Waldersee BERLIN (Reuters) – Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, accordi[...]
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May 8, 2023
California banking regulator says SVB oversight inadequate
(Reuters) – California’s financial regulator failed to press leadership at Silicon Valley Bank to address known problems quickly enough before the lender imploded in March, according to a[...]
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Yellen says ‘no good options’ if Congress fails to raise debt ceiling
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Monday that a failure by Congress to raise the $31.4 trillion federal debt limit would cause a hu[...]
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Marketmind: Investors’ glass still half full
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade and Japanese household spending data are on tap Tuesday, although Asian market sentiment[...]
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Seven US senators raise concerns about Tesla use of forced arbitration clauses
By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Monday questioned Tesla Inc’s use of forced arbitration clauses in employee and consumer contracts, arguing that they[...]
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Shares rise, dollar flat ahead of key U.S. inflation data
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raise[...]
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PacWest shares pare gains after dividend cut fails to stem market fears
By Niket Nishant and Chibuike Oguh (Reuters) -PacWest Bancorp shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender’s decision to[...]
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Byron Allen sues McDonald’s for allegedly lying about commitment to Black media
By Jonathan Stempel (Reuters) -The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to advertise with Black-owne[...]
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Devon Energy tops profit estimates on strong demand, boosts share buyback
(Reuters) -Shale oil producer Devon Energy on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. E[...]
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