By Siddarth S (Reuters) -Top Wall Street brokerages, whose investment banking units helped Reddit prepare for its public issue, started coverage of the social media company with doubts over its user g[...]
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April 15, 2024
BNP Paribas to become top investor in Belgian insurer Ageas
By Mathieu Rosemain and Kane Wu PARIS/HONG KONG (Reuters) -BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million e[...]
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Tesla’s senior battery executive exits company
(Reuters) – Tesla’s senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at the auto-maker, he said in a post on social media site X on Monda[...]
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US business inventories pick up in February
WASHINGTON (Reuters) – U.S. business inventories rose in February amid strong gains at retailers and wholesalers, suggesting that inventory investment could contribute to economic growth in the[...]
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Coinbase asks to appeal part of case against US SEC
WASHINGTON (Reuters) – Coinbase asked two courts for permission on Friday to appeal part of its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) in an effort to more quickl[...]
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U.S. homebuilder confidence holds steady in April
(Reuters) – U.S. homebuilder confidence held steady in April at the highest since last July, snapping four months of gains with uncertainty about interest rates keeping potential home buyers hes[...]
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Huge debt costs mean climate spending could make emerging nations insolvent
By Libby George LONDON (Reuters) -Emerging countries will pay a record $400 billion to service external debt this year, and 47 of them cannot spend the money they need for climate adaptation and susta[...]
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Exclusive-BP’s EV charging arm cuts jobs, reduces global ambitions
By Ron Bousso LONDON (Reuters) -BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fle[...]
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Meta to temporarily shut down social media platform Threads in Turkey
(Reuters) -Meta Platforms said on Monday it would temporarily shut down its social media platform Threads in Turkey from April 29 to comply with an interim order of the Turkish competition authority.[...]
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