TOKYO (Reuters) -Japan is suspected to have intervened in the foreign exchange market to prop up the yen on several occasions this month, underscoring its discomfort over the pain the currency’s[...]
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July 18, 2024
US DOJ says it has made substantial progress toward final Boeing plea agreement
By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department said on Thursday the government has made “substantial progress” toward reaching a final plea agreement with Boeing but[...]
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Wall Street ends sharply lower as anxiety rises, earnings heat up
By Stephen Culp NEW YORK (Reuters) -U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings seas[...]
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Trinidad’s court reaffirms recognition of ConocoPhillips’ claim against Venezuela
By Curtis Williams (Reuters) -Trinidad and Tobago’s High Court reaffirmed on Thursday a decision recognizing U.S. oil producer ConocoPhillips’ arbitration claim against Venezuela, which co[...]
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Fed’s Daly says ‘not there yet’ on price stability
By Michael S. Derby (Reuters) -Federal Reserve Bank of San Francisco President Mary Daly said on Thursday she is looking for more confidence that inflation is moving back to the Fed’s 2% target[...]
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Foreign US Treasury holdings rise, Japan’s stockpile shrinks
By Alden Bentley NEW YORK (Reuters) – Foreign holdings of U.S. Treasuries hit a record in May, the Treasury Department reported on Thursday, while a decline in Japan’s huge stockpile close[...]
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Chip stocks volatile with China-US spat in focus
By Sinéad Carew and Youn Ah Moon NEW YORK/SINGAPORE (Reuters) -Trading in U.S. chip stocks was choppy on Thursday with the Philadelphia semiconductor index managing to close higher after tumbling on W[...]
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China’s stubborn savers ignore inducements to spend as growth slows
By Kevin Yao BEIJING (Reuters) – Chinese consumer spending has failed to respond to government measures even though household deposits are slowing and banks have slashed interest rates, a sign r[...]
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Morning Bid: Hoping for calm after tech storm, Japan CPI eyed
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The global tech selloff spread across equity markets more broadly on Thursday, setting the tone for a choppy session in As[...]
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