By Ann Saphir (Reuters) -Federal Reserve policymakers have signaled they won’t cut U.S. interest rates just yet; most economists think they will wait until June, given ongoing strength in househ[...]
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January 26, 2024
China Evergrande unit starts legal proceedings against parent
(Reuters) -Evergrande Property Services said on Friday its units have started legal proceedings against parent China Evergrande to recover 11.4 billion yuan ($1.59 billion) of pledge guarantees on dep[...]
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US budget gap should prompt Treasury to increase auction sizes again
By Karen Brettell (Reuters) – The U.S. Treasury Department is likely to announce one more round of increases in its auction sizes when it details its borrowing needs for the coming quarter next[...]
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US new vehicle sales to slip in January – report
(Reuters) – U.S. new vehicle sales are expected to fall 1.5% in January from a year earlier on seasonally slower sales and signs of cooling demand for electric vehicles, according to findings fr[...]
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UK car industry warns of tariff risk from pause in Canada trade talks
LONDON (Reuters) – Britain’s decision to suspend talks with Canada on a free trade deal creates the risk of tariffs being imposed on British-made cars sold in Canada, the UK car industry w[...]
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Western Digital Corp posts wider Q2 loss, sees impact of structural changes
(Reuters) – (This Jan. 25 story has been corrected to drop reference to analysts’ estimates in paragraph 1, to say ‘better than,’ not ‘missing analysts’ average est[...]
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Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh
(Reuters) – Colgate-Palmolive on Friday forecast fiscal 2024 sales below estimates, as higher prices of its oral and personal care products continue to weigh on volumes. The toothpaste maker exp[...]
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Traders step up ECB rate cut bets, sensing shift on inflation front
(This Jan. 25 story has been refiled to add the missing word ‘Central,’ in paragraph 1) By Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Traders on Thursday piled on bets that t[...]
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US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally
(Reuters) – U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Re[...]
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