WASHINGTON (Reuters) – U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemploy[...]
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August 15, 2024
Mars’ biggest deal clinched by secretive, deep-pocketed family
(Refiles to add missing word in paragraph 4) MCLEAN, VIRGINIA (Reuters) – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their Washin[...]
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China’s factory output disappoints, dashing speedy recovery hopes
By Joe Cash and Kevin Yao BEIJING (Reuters) -China’s factory output slowed for a third straight month in July, showing the recovery in the world’s second-largest economy was losing steam,[...]
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Brewers tap growth of zero-alcohol beers in Middle East
By Mohamed Ezz and Emma Rumney CAIRO/LONDON (Reuters) – Egyptian Mohannad Abdelazeem, 35, doesn’t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz[...]
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Chinese e-commerce group JD.com beats profit forecasts in second quarter
(Reuters) -Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-sensitive consumers to its platform. JD.com’s U.[...]
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Ant Group quarterly profit falls 10.25% to 12 billion yuan
SHANGHAI (Reuters) – China’s Ant Group posted a net profit of 12 billion yuan ($1.68 billion) for the three months to March 31, down 10.25% from a year earlier, Reuters calculations based[...]
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Toyota bets big on hybrid-only models as EV demand slows
By Norihiko Shirouzu AUSTIN, Texas (Reuters) – Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline[...]
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Starbucks’ new CEO to get millions in equity awards
(Reuters) – Starbucks said on Wednesday incoming CEO Brian Niccol was eligible for annual equity awards worth $23 million and would receive additional stock grants of $75 million for giving up h[...]
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Morning Bid: Doldrums at last, with US retail and China housing in focus
A look at the day ahead in U.S. and global markets from Mike Dolan With the inflation picture under control and market volatility back in its box, summer trading doldrums may well resume as long as th[...]
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