By Harry Robertson LONDON (Reuters) – The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’[...]
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August 6, 2024
UK regulator to begin review of IBM, Hashicorp merger
(Reuters) – Hashicorp said on Tuesday the cloud software vendor received a notice from the UK’s Competition and Markets Authority last week saying it would begin a phase one review of the[...]
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Citi hires Singapore executive from DBS to lead wealth in Asia South
NEW YORK (Reuters) – Citigroup has hired Yeo Wenxian as head of wealth for Asia South region from Singapore’s biggest lender DBS Group Holdings, according to a memo seen by Reuters. Yeo wi[...]
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Fox reports rise in quarterly revenue, beats profit estimates
(Reuters) – Fox Corp topped Wall Street expectations for quarterly profit and reported a rise in revenue on Tuesday, helped by steady demand for its Tubi streaming service in the United States,[...]
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Taco Bell still ‘crown jewel’ for Yum even as boycotts, KFC weakness weigh
By Juveria Tabassum (Reuters) -Yum Brands beat expectations for second-quarter profit as strength in the U.S. Taco Bell business and cost controls helped offset a sales hit from weak demand at KFC and[...]
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WK Kellogg to streamline production as slowing demand pressures sales
(Reuters) – WK Kellogg plans to completely shutdown its Omaha, Nebraska, plant by the end of 2026 under a reorganization that will also reduce the cereal maker’s headcount by more than 17%[...]
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US transport safety board releases documents on Boeing 737 MAX 9 mid-air emergency
(Reuters) – The U.S. National Transportation Safety Board released documents on Tuesday morning ahead of hearings into a January mid-air panel blowout of a near new Boeing 737 MAX 9 jet. The two[...]
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CANADA FX DEBT – Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% lower at C$1.3839 to the greenback, or 72.26 U.S. cents,[...]
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GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist
(Reuters) – GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than[...]
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