By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block Chinese-made vehicles from the United States auto market, marking the[...]
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April 11, 2024
Weak yen may actually deter Bank of Japan from hiking rates soon
By Leika Kihara TOKYO (Reuters) -The yen’s fresh slide to a 34-year low complicates the Bank of Japan’s deliberations on the timing of a next interest rate hike, as a resulting rise in imp[...]
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Exclusive-US airlines, unions urge Biden administration not to approve more China flights
By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United State[...]
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Global equity gauge rises slightly with inflation, rates in focus
By Sinéad Carew NEW YORK (Reuters) -A global equities index rose slightly on Thursday after falling earlier in the day while Treasury yields rose as investors looked to the latest inflation data for c[...]
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ADM division expands recall to include additional animal feed products
(Reuters) – Archer-Daniels-Midland said on Thursday its division is expanding a recall to include 17 additional lots of chicken, swine and rabbit feed products due to elevated levels of magnesiu[...]
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US Treasury warns creditors against free-riding on aid to developing countries
By Andrea Shalal WASHINGTON (Reuters) -A top U.S. Treasury official on Thursday called out emerging official creditors – the biggest of which is China – for curtailing loans to countries t[...]
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CarMax delays vehicle sales goal after missing Q4 results, shares tumble
By Nathan Gomes (Reuters) -Pre-owned vehicles retailer CarMax missed analysts’ estimates for fourth-quarter results on Thursday and said it might not meet its long-term vehicle sales target, sig[...]
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Hot inflation may put Fed rate cut in thick of election season
By Howard Schneider WASHINGTON (Reuters) – Hot U.S. inflation data has put the Federal Reserve’s debate over a first interest rate cut on a potential collision course with the presidential[...]
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US dollar modestly higher as sticky inflation persists, yen hits 34-year low
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose moderately on Thursday in choppy trading, as weaker-than-expected March U.S. producer prices did not relieve concerns about persistent i[...]
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