By P.J. Huffstutter and Karl Plume CHICAGO (Reuters) – South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his[...]
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June 17, 2024
Analysis-Global gasoline refining margins slump on slow summer driving season
By Shariq Khan, Mohi Narayan and Ahmad Ghaddar NEW YORK/NEW DELHI/LONDON (Reuters) – Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has[...]
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China’s factory output disappoints, property sector stuck in doldrums
By Kevin Yao, Albee Zhang and Ellen Zhang BEIJING (Reuters) -China’s May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy supp[...]
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Fed penalizes Evolve Bank for failing to manage fintech partnership risk
By Hannah Lang and Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve announced Friday it had ordered Evolve Bancorp Inc to bolster its risk management programs around fintech partnership[...]
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China’s property investment slump worsens in January-May
BEIJING (Reuters) – Property investment in China fell 10.1% in the first five months of 2024 from a year earlier, after dropping 9.8% in January-April, even as policymakers doubled down on effor[...]
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At Toyota shareholder meeting, all eyes on level of support for chairman
By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor Chairman Akio Toyoda may be in no danger of not being re-elected at the automaker’s annual general meeting on Tuesday, bu[...]
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Economists remain split on timing of BOJ’s next rate hike: Reuters poll
TOKYO (Reuters) – Economists remain split over the timing of the Bank of Japan’s next interest rate hike, according to a new Reuters poll, after the central bank’s decision to announ[...]
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Morning Bid: China fails to cheer, as France scores own goal
A look at the day ahead in European and global markets from Wayne Cole. A muted start to the week in Asia with Chinese data too mixed to provide much momentum as political uncertainty in Europe lurks[...]
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Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
By Xie Yu HONG KONG (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns fro[...]
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