(Reuters) – Hugo Boss has struck up a multi-year design partnership with Former Manchester United midfielder David Beckham, the German fashion house said on Thursday, as it seeks to boost demand[...]
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May 16, 2024
Major brokerages retain US rate-cut view after soft inflation data
(Reuters) – Top global brokerages have retained their expectations for when the U.S. Federal Reserve will lower interest rates this year, after softer-than-expected inflation data boosted hopes[...]
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Johnson & Johnson to acquire Proteologix for $850 million
(Reuters) -Johnson & Johnson said on Thursday it would acquire Proteologix for $850 million in cash, as it looks to gain access to the privately held company’s experimental atopic dermatitis[...]
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Cisco rises as networking equipment demand rebound takes root
(Reuters) – Cisco Systems shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from[...]
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China property shares jump on report of government plans to buy unsold homes
By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of[...]
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Japan’s Honda raises electrification investment to $65 billion through FY2030
TOKYO (Reuters) -Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thurs[...]
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Microsoft asks some China staff to relocate amid Sino-US tensions
(Reuters) -Microsoft is asking some of its China-based staff to consider transferring outside the country, the company said on Thursday, as Sino-U.S. relations strain amid a race for cutting-edge tech[...]
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Analysis-As US hikes China tariffs, imports soar from China-reliant Vietnam
By Francesco Guarascio HANOI (Reuters) – As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chine[...]
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Deutsche Bank under fire from investors over Postbank problems
By Tom Sims FRANKFURT (Reuters) -Big investors in Deutsche Bank vented their frustration at Germany’s top lender on Thursday, describing problems at its Postbank business as a trust-damaging emb[...]
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