(Reuters) – Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment r[...]
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May 10, 2024
Ford to assemble 300,000 cars a year at Spanish plant in Valencia region from 2027
MADRID (Reuters) -U.S. automaker Ford plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, Spain’s Industry Ministry said on Friday.[...]
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Korean Air sells five jets to US aerospace firm Sierra Nevada
(This May 8 story has been corrected to say that Korean Air will have delivered the planes by September 2025, not will sell the planes in September 2025, in paragraph 7) SEOUL (Reuters) – Korean[...]
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Morning bid: May rescued by jobless jump, BoE shift, HK surge
A look at the day ahead in U.S. and global markets from Mike Dolan World stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor mar[...]
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US opens preliminary probe into Fisker’s cars over brake system issue
(Reuters) -The U.S. auto safety regulator on Friday opened a preliminary probe into 6,813 Ocean SUVs made by Fisker in 2023, after complaints that the automatic emergency braking system used in the el[...]
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China’s car exports hit record high in April, as domestic sales fall
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) -China’s car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying p[...]
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Fed’s Bostic says economy likely slowing, though rate-cut timing uncertain
By Howard Schneider WASHINGTON (Reuters) – The U.S. central bank likely remains on track to cut interest rates this year even if the timing and extent of the policy easing is uncertain and furth[...]
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China’s Zeekr prices US IPO at top of range to raise $441 million
By Echo Wang and Scott Murdoch NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range, raising[...]
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Retailer Lidl UK raises staff pay for third time in 12 months
LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months. Lidl said on Friday it[...]
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