PARIS (Reuters) – Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab Strait in and out of the Red Sea due to security risks, a sour[...]
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February 2, 2024
Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) -Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday quarter sales and its lucrative cloud bu[...]
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Instant view: Hot January payrolls validates Fed reticence to ease soon
NEW YORK (Reuters) – U.S. job growth accelerated in January, likely as a resilient economy and strong worker productivity encouraged businesses to hire and retain more employees, a trend that co[...]
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China’s WuXi AppTec, Wuxi Biologics plunge to multi-year lows on fears over US biotech bill
By Summer Zhen HONG KONG (Reuters) – Shares of WuXi AppTec Co Ltd and WuXi Biologics (Cayman) tumbled on Friday as investor fears grew over a U.S. draft bill targeting Chinese biotech giants. Wu[...]
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Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge -sources
By Selena Li and Kane Wu HONG KONG (Reuters) -Hong Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridg[...]
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Projected buyback revival stands to bolster US stocks in 2024
By Lewis Krauskopf NEW YORK (Reuters) -The rally that has taken U.S. stocks to an all-time high is expected to have another powerful driver in 2024: companies buying back more of their own shares. Sto[...]
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Condom maker Church & Dwight sees bullish 2024 sales on resilient demand
(Reuters) – Church & Dwight projected its annual net sales forecast above market estimates after posting upbeat fourth-quarter revenue on Friday, boosted by higher prices and resilient deman[...]
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Raizen, China’s BYD to build EV charging station network in Brazil
SAO PAULO (Reuters) -Sugar and ethanol firm Raizen and Chinese automaker BYD are joining forces to create a network of 600 charging stations for electric vehicles (EVs) in eight Brazilian cities, the[...]
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Regeneron beats fourth-quarter revenue estimates
(Reuters) -Regeneron beat Wall Street estimates for fourth-quarter revenue on Friday as sales of its blockbuster eye drug Eylea met drugmaker’s preliminary estimates target. Eylea sales were $1.[...]
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