FRANKFURT (Reuters) – The European Central Bank kept borrowing costs on hold on Thursday, repeating that it needed to see more evidence that inflation was heading back to its goal before lowerin[...]
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July 18, 2024
China reaffirms lofty policy goals, offers no implementation details
By Joe Cash, Kevin Yao and Liangping Gao BEIJING (Reuters) – Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic dema[...]
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KeyCorp forecasts bigger drop in annual average loans on tepid demand
(Reuters) – KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regiona[...]
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Warner Bros Discovery mulls break-up to boost stock price, FT reports
(Reuters) -Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its legacy TV networks in a bid to boost its flailing stock p[...]
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Sterling needs more than higher UK rates to stay in the fast lane
(This July 17 story has been corrected to change the company name to BNY from BNY Mellon in paragraph 7) By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – The pound hit its highest in a y[...]
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Yen jumps on suspected intervention, sterling hits one-year high
(This July 17 story has been corrected to change the company name to BNY from BNY Mellon in paragraph 7) By Rae Wee and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) – The yen rose sharply on Wedn[...]
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Ad group Publicis ups guidance as it gains market share in tough market
By Leo Marchandon (Reuters) -French advertising group Publicis raised its organic growth outlook on the back of market share gains on Thursday, after it topped second-quarter expectations driven by it[...]
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TSMC rides AI demand to raise revenue forecast, says no to US joint venture
By Yimou Lee, Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan’s TSMC, the world’s largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging d[...]
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Truckmaker Volvo beats profit expectations but says demand normalising
By Johan Ahlander STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo posted a bigger than expected rise in second-quarter operating profit on Thursday, but said demand was easing from last year’s[...]
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