By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following a report that the Biden administration was planning new curbs on export of computing chips for artificial intelli[...]
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June 28, 2023
More tightening to come, top central bank chiefs tell ECB forum
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to[...]
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Thomson Reuters to buy digital content management company Imagen
(Reuters) – Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information compan[...]
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Oil prices gain 2% on bigger-than-expected decline in US crude storage
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further in[...]
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BlackRock says AI ‘mega-force’ to buck tough macro trend
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually conce[...]
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European shares up as robust U.S. data soothes recession jitters, chip stocks rally
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares climbed on Wednesday after robust U.S. data overnight soothed concerns about a steep economic slowdown, e[...]
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China’s EV maker Zeekr opens orders for two luxury cars in Sweden, Netherlands
By Johan Ahlander and Sameer Manekar LONDON (Reuters) -Zeekr, Geely Automobile’s electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Net[...]
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Judge dismisses lawsuit claiming Amazon sold ‘suicide kits’ to teenagers
By Jonathan Stempel (Reuters) – A U.S. judge has dismissed a lawsuit against Amazon.com Inc brought by the parents of two teenagers who committed suicide by consuming sodium nitrite they bought[...]
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Fed’s Powell does not rule out rate rise at coming meetings
By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell reiterated Wednesday that more rate rises likely lie ahead for the central bank, and did not rule out a boost in the cost of borro[...]
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