By Deborah Mary Sophia (Reuters) -Paramount Global’s shares rose as much as 6% in early trade on Friday as investors cheered strong growth at the media group’s streaming business, even as[...]
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August 9, 2024
Taylor Swift cancellations deal blow to insurers, sources say
By Carolyn Cohn, Alexander Hübner and Noor Zainab Hussain LONDON (Reuters) – Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be[...]
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Dollar dips as yen heads for first weekly drop in six
By Hannah Lang NEW YORK (Reuters) -The dollar was off a one-week high against other major currencies on Friday, capping off a turbulent few days as traders digested a drop in U.S. jobless claims and t[...]
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China central bank says it will increase treasury bond trading
BEIJING (Reuters) – China’s central bank will seek to “enrich” its monetary policy toolbox and will gradually increase buying and selling of treasury bonds in its open market o[...]
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Abu Dhabi’s ADQ, Sotheby’s majority owner Drahi to invest $1 billion in auction house
DUBAI (Reuters) -Abu Dhabi wealth fund ADQ and Sotheby’s majority owner Patrick Drahi will invest $1 billion in the auction house in a deal that will see ADQ acquire a minority stake in the comp[...]
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Brazil oil producer Petrobras open to extra dividends this year
By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian state-run oil company Petrobras will pay extraordinary dividends if there is an “opportunity” for it, Chief[...]
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Analysis-Foreign airlines lose interest in China as domestic carriers expand abroad
By Lisa Barrington SEOUL (Reuters) – Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising[...]
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From PepsiCo to P&G, India becomes next big growth bet as China lags
By Ananya Mariam Rajesh (Reuters) – India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China.[...]
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Exclusive-China tells some brokerages to conduct compliance checks on bond trading, sources say
SHANGHAI (Reuters) -China’s securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein[...]
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