(Reuters) – Investor bets for European Central Bank rate cuts are excessive and possibly self defeating because they could actually hold back monetary easing, Dutch central bank chief Klaas Knot[...]
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January 17, 2024
ECB on track but job not done: Lagarde
(Reuters) – The European Central Bank is on track to get inflation back to its 2% target but victory has not yet been won, ECB President Christine Lagarde told Bloomberg TV in Davos on Wednesday[...]
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China’s 2023 GDP shows patchy economic recovery, raises case for stimulus
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s economy grew 5.2% in 2023, slightly more than the official target, but the recovery was far shakier than many analysts and investors expec[...]
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GSK raises $1.24 billion from latest Haleon stake sale
(Reuters) – British drugmaker GSK said on Wednesday it had raised 978 million pounds ($1.24 billion) from a discounted stake sale in Haleon, cutting its shareholding to 4.2% in the world’s[...]
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Analysis-Musk’s warning about Tesla stake raises governance questions
By Aditya Soni, Akash Sriram and Hyunjoo Jin (Reuters) -Elon Musk’s warning about developing AI and robotics outside Tesla unless he gets more voting control could infringe on his duties as CEO[...]
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Musk wants 25% voting control at Tesla before fulfilling AI goal
By Chandni Shah and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk said he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% v[...]
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Freighters seek air cargo back-up amid Red Sea shipping crisis
By Lisa Barrington SEOUL (Reuters) – More manufacturers are seeking to fly their products in the next few weeks as attacks on Red Sea shipping force them to find alternate routes, logistics firm[...]
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Wilsons tennis racket maker Amer Sports aims to price $1 billion US IPO by end of month -sources
By Scott Murdoch SYDNEY (Reuters) – Wilsons tennis racket maker Amer Sport is planning to price its $1 billion U.S initial public offering (IPO) by the end of January, according to two sources w[...]
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China’s GDP expands 5.2% in Q4, misses market forecast
(Reuters) – China’s economy expanded 5.2% in the fourth quarter from a year earlier, official data showed on Wednesday, missing analysts’ expectations slightly but still making it po[...]
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