(Reuters) – Goodyear Tire & Rubber Co named Stellantis executive Mark Stewart as its CEO on Thursday, who will succeed long-time top boss Richard Kramer. During his tenure at Stellantis, Ste[...]
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January 18, 2024
BlackRock to push boards on resilience ahead of AGM season
By Simon Jessop LONDON (Reuters) – The world is entering a “new economic regime” that will see company performance driven by how boards manage mega-trends including the transition to[...]
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Two diverted oil tankers enter Red Sea but disruptions continue
By Robert Harvey, Ahmad Ghaddar and Natalie Grover LONDON (Reuters) – Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-t[...]
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Low-cost spot bitcoin ETFs threaten to erode Coinbase margin, trading volume
By Medha Singh (Reuters) – Coinbase Global, the largest listed cryptocurrency exchange, could take a hit to its trading volume and margin, analysts said, if more investors dabble in bitcoin from[...]
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US, Chinese finance officials open meetings in Beijing
WASHINGTON (Reuters) – U.S. Treasury and Chinese Finance Ministry officials started a two-day meeting in Beijing on Thursday to discuss financial stability and capital markets issues between the[...]
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BMW taps humanoid startup Figure to take on Tesla’s robot
By Krystal Hu (Reuters) – Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker’s facility in the U.S., as more com[...]
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Humana warns high medical costs may hit 2024 forecast, shares slump
By Sriparna Roy (Reuters) -U.S. health insurer Humana said on Thursday an increase in demand for medical care among older adults would hurt fourth-quarter results and added uncertainty to its 2024 out[...]
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Wheat shipments via Suez plunge amid Red Sea attacks: WTO
GENEVA (Reuters) – Wheat shipments via the Suez Canal fell by almost 40% in the first half of January to 0.5 million metric tons due to attacks in the Red Sea and Gulf of Aden, the World Trade O[...]
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J.P.Morgan now expects BoE to start cutting interest rates in August
(Reuters) – J.P.Morgan said on Thursday it expects the Bank of England to start cutting interest rates in August this year, citing a possible easing in inflation and optimism about a soft landin[...]
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