By Karen Brettell NEW YORK (Reuters) – The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the green[...]
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August 22, 2024
Baidu touts AI edge as ad revenue stalls
(Reuters) – Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The commen[...]
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Insurer Aegon books $400 million hit from higher US mortality
By Olivier Sorgho and Dimitri Rhodes (Reuters) – Dutch insurer Aegon booked a charge of around $400 million in the first half of 2024 to reflect higher death-related insurance claims in its key[...]
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China’s Ping An Insurance posts 6.8% rise in first-half profit
BEIJING/SHANGHAI (Reuters) -Ping An Insurance (Group) Co of China reported a 6.8% rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments[...]
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US existing home sales rise more than expected in July
(Reuters) – U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity cou[...]
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US business activity edges lower; pricing power ebbs further
(Reuters) – U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a[...]
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PwC China faces 6-mth business ban, large fine over Evergrande audit, sources say
By Xie Yu and Julie Zhu HONG KONG (Reuters) -Chinese regulators will likely impose a six-month business suspension on a big part of PricewaterhouseCoopers’ auditing unit in mainland China, as a[...]
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Fed’s Collins: will soon be appropriate to cut interest rates
(Reuters) – It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at[...]
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Germany’s Scholz vows to keep luxury shipbuilder afloat
By Klaus Lauer and Andreas Rinke PAPPENBURG, Germany (Reuters) -The German government is working on a deal to secure the future of Meyer Werft, a 229-year-old shipyard and one of the world’s lar[...]
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