By Aditi Shah NEW DELHI (Reuters) – Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 20[...]
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April 19, 2024
Global equity funds see surge in outflows as rate cut hopes fade
(Reuters) – Global equity funds saw a jump in outflows in the seven days through April 17 as speculation the U.S. Federal Reserve will delay cutting interest rates dampened investor sentiment. O[...]
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GM and Ford count on gas-powered trucks as EV growth slows
By Joseph White DETROIT (Reuters) – U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit grow[...]
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Morning Bid: Markets unsettled by Israel-Iran tit-for-tat
A look at the day ahead in U.S. and global markets from Mike Dolan It was hardly unexpected, but Israel’s missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat ret[...]
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Investors pull money from cash to pay tax bills, sell US stocks – BofA
LONDON (Reuters) – Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America’s weekly report that cites fund flows and asset all[...]
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Explainer-Bitcoin’s ‘halving’: what is it and does it matter?
LONDON (Reuters) – Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scar[...]
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L’Oreal shares shine after sales beat expectations
PARIS (Reuters) -Shares in L’Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a slowdown in the Unite[...]
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Australia fines Macquarie Bank $6.4 million for not preventing unlawful third-party transactions
(Reuters) – The Federal Court of Australia has fined Macquarie Bank A$10 million ($6.4 million) for its lack of controls to detect and prevent unauthorised fee transactions carried out by third[...]
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Nissan cuts annual operating profit estimate by 14.5% on lower sales
TOKYO (Reuters) -Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors. Japan’s third-largest automaker by volu[...]
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