By Martin Coulter (Reuters) -Britain’s competition watchdog has closed its existing investigations into Apple and Google’s respective app stores, awaiting new laws governing digital market[...]
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August 21, 2024
US bank regulator taps ex-prosecutor to oversee ‘cultural transformation’
(Reuters) – A former federal prosecutor with experience overseeing efforts to address systemic sexual harassment and discrimination will monitor progress toward the “cultural transformatio[...]
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Oil settles $1 down after US job data revised significantly lower
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised sharply lower a set of employment statistics closely watched by investors[...]
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Analysis-Walmart tears up China online strategy with JD.com stake sale
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is tearing up that playbook by unloading its entir[...]
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Walmart unwinds JD.com investment, to focus on own China ops
By Kane Wu, Summer Zhen HONG KONG (Reuters) -Walmart sold its entire roughly $3.7 billion stake in JD.com, ending an eight-year investment in the Chinese e-commerce firm that was yielding waning retur[...]
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Brookfield in talks with banks for funding Grifols’ takeover bid, sources say
By Joan Faus and Anousha Sakoui BARCELONA/LONDON (Reuters) – Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifol[...]
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Ford slows EV plans, delaying pickup and axing three-row SUV, to cut costs
By Nora Eckert DETROIT (Reuters) -Ford Motor on Wednesday said it was killing a planned three-row electric SUV and pushing back a new electric version of its best-selling pickup, the F-150, the latest[...]
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US job growth in year through March was far lower than estimated
(Reuters) -U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Wednesday, underscoring the growing concerns the Federal Reserve has abo[...]
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China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
SHANGHAI (Reuters) – Warnings by China’s central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior[...]
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