By Amy Lv and Andrew Hayley BEIJING (Reuters) -China’s iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up af[...]
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April 12, 2024
Norway wealth fund will not invest in private equity, government says
By Gwladys Fouche OSLO (Reuters) -Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, should not be allowed to include private equity investments in its portfolio at this ti[...]
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Chinese EV brand Hyper says will use all-solid-state batteries in its cars in 2026
BEIJING (Reuters) – Chinese electric vehicle maker GAC Aion’s Hyper brand said on Friday it has finished R&D on all-solid-state batteries that will be first used in Hyper cars in 2026.[...]
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GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale, sources say
By M. Sriram MUMBAI (Reuters) -Investment firm GQG Partners and State Bank of India Mutual Fund are considering investing up to $800 million in total in a $2.16 billion share offering of Indian teleco[...]
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Exclusive-Fed’s Collins eyes about two rate cuts this year
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins is eyeing a couple of interest rate cuts this year amid expectations it could still take some time[...]
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Brazil judge suspends Petrobras chair over conflict of interest
BRASILIA (Reuters) -A Brazilian judge has suspended the chair of state oil firm Petrobras’ board, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy,[...]
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Trump Media stock’s wild ride in five charts
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The chaotic debut of Trump Media & Technology Group has captivated market participants, as its shares went on a wild ride in which the company[...]
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Morning Bid: Eyes switch to earnings, China trade miss, tense Middle East
A look at the day ahead in U.S. and global markets from Mike Dolan With markets now re-shuffling central bank rate cut calendars, attention switches abruptly to the first quarter U.S. corporate earnin[...]
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In the Market: The mysterious one-day drop in a repo rate
By Paritosh Bansal (Reuters) -Something odd just happened in U.S. short-term funding markets: a benchmark interest rate suddenly fell precipitously on March 19 before bouncing back up the next day. Th[...]
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