By Sinéad Carew (Reuters) – Shares in Sirius XM Holdings were down 10.5% on Friday, erasing some of their dramatic gains in the previous day’s session with analysts attributing the volatil[...]
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July 21, 2023
AmEx’s profit view dampens strong results from record card spending
By Manya Saini (Reuters) -American Express kept its annual profit forecast unchanged despite a record spending on its credit cards by consumers in the second quarter, disappointing investors and sendi[...]
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Terra Firma founder Guy Hands steps down from company’s helm
LONDON (Reuters) -Guy Hands, one of Britain’s highest profile financiers, has stepped down as chairman of Terra Firma Capital Partners, the private equity firm he founded, after more than two de[...]
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Mexico headline inflation seen slowing in early July to 2021 levels – Reuters poll
MEXICO CITY (Reuters) – Mexico’s headline inflation likely eased in the first half of July to its lowest level in more than two years, but still remained above the central bank’s tar[...]
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Ad group Interpublic cuts growth forecast as tech clients dial back spending
(Reuters) -Interpublic lowered annual growth expectations on Friday and posted a fall in quarterly revenue as clients in the technology sector slashed marketing budgets, sending the advertising group[...]
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Hedge fund industry lures $3.6 billion in fresh money in Q2 – HFR
NEW YORK (Reuters) – Investors poured $3.6 billion in fresh money into global hedge funds in the second quarter, data provider HFR said on Friday, helping drive the industry’s assets up. I[...]
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Dutch online marketplace OLX contributing to EU antitrust probe into Meta
By Foo Yun Chee BRUSSELS (Reuters) – Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook owner Meta Platforms, the Naspers unit said on Friday. Th[...]
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Shifting trends in travel demand bedevil US airlines
By Rajesh Kumar Singh CHICAGO (Reuters) – Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that a[...]
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Accor is in talks for Potel & Chabot takeover
(Reuters) – Europe’s biggest hotel group Accor announced on Friday it has entered exclusive negotiations with Andera Partners and partner investors to acquire a 63% stake in Potel & Ch[...]
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