By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID c[...]
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May 9, 2023
Duke Energy misses profit estimates as warm weather weighs on power usage
(Reuters) – Duke Energy Corp on Tuesday missed Wall Street estimates for first-quarter profit, as the gas and electric utilities firm was hit by unfavorable weather, higher interest expenses, an[...]
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Valero Energy CEO Joseph Gorder to step down, insider Riggs to succeed
(Reuters) – U.S. refiner Valero Energy Corp said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has l[...]
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Australia boasts rare budget surplus, before spending pressures intensify
By Wayne Cole SYDNEY (Reuters) -Australia’s Labor government boasted the first budget surplus in 15 years on Tuesday, as strong jobs growth and bumper mining profits swelled its coffers, but it[...]
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Apollo Global Q1 earnings fall 8%, missing estimates
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Tuesday its first-quarter adjusted net income fell 8% year-on-year, missing estimates, as a jump in management fees and[...]
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UBS replaces CFO, keeps Credit Suisse’s Koerner in top team
By Oliver Hirt and Tomasz Janowski ZURICH (Reuters) -UBS Group said on Tuesday that Credit Suisse CEO Ulrich Koerner will stay on after the takeover of its Swiss rival as part of a new leadership team[...]
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Marketmind: Showdown on the ceiling
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. Nothing is decided yet – on any front. With world markets still at an impasse on the extent of the economic[...]
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What to watch for in the Biden-McCarthy debt ceiling meeting
By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden meets Republican House Speaker Kevin McCarthy and other congressional leaders at the White House on Tuesda[...]
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China’s car sales rise 2.1% in April as price war effect fades
BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect o[...]
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