LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies[...]
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June 12, 2023
China’s Nio cuts prices, ends free battery swapping as sales slide
SHANGHAI (Reuters) -Nio said on Monday it would lower prices for all its models and end free battery swapping services to new buyers, as the Chinese electric vehicle maker faces mounting pressure over[...]
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UK PM Sunak pitches Britain as future home for AI regulation
LONDON (Reuters) -Prime Minister Rishi Sunak said on Monday Britain could be the global home of artificial intelligence regulation as he pitched London as a tech hub to industry leaders and urged them[...]
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Factbox-Credit Suisse arrivals and departures after UBS seals takeover
ZURICH (Reuters) – UBS followed up the announcement it had closed the takeover of stricken rival Credit Suisse on Monday with a raft of management changes. Here are the highlights: OUT Leaving t[...]
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Ryanair eyes slots IAG may hand over as remedies in Air Europa purchase -report
MADRID (Reuters) – Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the[...]
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AB InBev, Molson Coors dent US craft beer competition with cheaper six-packs
By Ananya Mariam Rajesh (Reuters) – Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers[...]
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Odey Asset Management says not gating funds in Crispin Odey succession
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever ties wit[...]
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Healed from the pandemic, U.S. job market may face fresh wounds from the Fed
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge of[...]
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Recession risks still loom for markets calmer after banking turmoil
(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-cr[...]
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