BENGALURU (Reuters) – U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India’s PNB Housing Finance, stock exchan[...]
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August 21, 2024
China opens anti-subsidy probe into EU dairy imports in pushback against EV tariffs
By Mei Mei Chu and Joe Cash BEIJING (Reuters) -China opened an anti-subsidy probe into dairy imports from the European Union on Wednesday, stepping up tension with the bloc a day after Brussels publis[...]
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As Democrats gather, investors gauge market impact from a Harris administration
By Lewis Krauskopf NEW YORK (Reuters) – Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits throu[...]
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Tether to launch stablecoin pegged to UAE’s dirham
By Federico Maccioni and Catherine Cartier DUBAI (Reuters) -Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps[...]
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India minister accuses Amazon, e-commerce firms of predatory pricing
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector’[...]
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Will Buffett’s ‘put’ on oil firm Occidental halt share drop?
HOUSTON (Reuters) – Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor W[...]
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Macy’s forecasts sales hit from steep promotions, uneven demand
By Juveria Tabassum (Reuters) -Macy’s lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers[...]
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TJ Maxx parent raises annual profit forecast after strong second quarter
(Reuters) -Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel[...]
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Stellantis CEO visits US to create plan to reverse lagging profit, sources say
By Giulio Piovaccari, Gilles Guillaume and Nora Eckert DETROIT (Reuters) – Stellantis CEO Carlos Tavares has started a three-day visit in Detroit, where he will seek to develop a strategy to fix[...]
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