By Laura Matthews NEW YORK (Reuters) – The dollar held gains against the euro on Thursday, pulling the European common currency back from a seven-month peak, after U.S. economic data eased fears[...]
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August 15, 2024
Possible US seaport strike could back up goods for months, shipping experts say
(Corrects to show April rate is from 2023 not 2024 in paragraph 8) By Lisa Baertlein LOS ANGELES (Reuters) -A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo[...]
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TE Connectivity settles with US for illegally shipping components to Chinese entities
By Karen Freifeld (Reuters) – Global electronics company TE Connectivity has agreed to pay $5.8 million to settle with the U.S. Department of Commerce for illegally shipping items to parties tie[...]
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Chipotle investors see continued growth, steady leadership after CEO Niccol departs
By Ananya Mariam Rajesh (Reuters) -Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said. The burrito chain lost a[...]
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China’s diesel demand fell in June by most in three years, US EIA says
NEW YORK (Reuters) – China’s diesel demand fell by 11% year over year to 3.9 million barrels per day in June, the biggest percentage drop since July 2021, the U.S. Energy Information Admin[...]
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Deere beats profit targets as strong pricing, cost cuts counter slow demand
By Shivansh Tiwary (Reuters) -Deere & Co beat analysts’ expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish d[...]
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Slowing global jet fuel consumption adds to oil demand concern
(This Aug. 14 story has been corrected to fix the spelling of the analyst’s name in paragraph 15) By Seher Dareen and Shariq Khan NEW YORK (Reuters) – Global jet fuel demand is poised to s[...]
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Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs
(This Aug.14 story has been corrected to fix the timeline for Polestar 4 South Korean production to mid 2025 from the second half of 2024, in paragraph 7) By Abhirup Roy and Marie Mannes (Reuters)[...]
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More Fed officials line up behind September rate cut
By Lindsay Dunsmuir (Reuters) -Two more Federal Reserve officials on Thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back[...]
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