By Suzanne McGee (Reuters) – Retail investors were buyers during much of the recent rollercoaster in U.S. stock markets, taking advantage of a sharp fall in popular tech shares, according to var[...]
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August 9, 2024
EU executive confident its Chinese EV measures comply with WTO, says probe continues
BRUSSELS (Reuters) – The European Commission is confident its investigation into, and measures against, state subsidies for Chinese electric vehicles are compatible with World Trade Organization[...]
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Analysis-Survival of the fittest: Petrochemical makers battle global glut
By Mohi Narayan and Joyce Lee NEW DELHI/SEOUL (Reuters) – Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs[...]
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Fed policymakers signal rate cuts ahead, but not because of market rout
By Ann Saphir (Reuters) -Federal Reserve policymakers are increasingly confident that inflation is cooling enough to allow interest-rate cuts ahead, and they will take their cues on the size and timin[...]
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India’s Ola Electric surges 20% on debut on EV optimism
By Nandan Mandayam BENGALURU (Reuters) – Ola Electric Mobility’s shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on incr[...]
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US auto regulator opens probe into over 330,000 Hyundai SUVs over seat belts
(Reuters) – U.S. auto safety regulators said on Friday that it was opening a preliminary evaluation into approximately 332,288 Hyundai SUVs in the United States over a potentially faulty seat be[...]
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Wall Street investment banking bonuses may rise up to 35%, compensation specialist says
NEW YORK (Reuters) – Investment bankers working on debt underwriting may see bonuses climb by 25% to 35% this year, and bankers handling initial public offerings could see a 20% to 30% jump in 2[...]
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News Corp considers selling Australia pay TV and streaming unit
By Byron Kaye and Rishav Chatterjee SYDNEY (Reuters) -Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end[...]
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US investors snap up money market funds on fears of a slowdown
(Reuters) – U.S. investors shifted heavily into money market funds in the week ending Aug. 7, retreating from riskier assets during a stock market sell-off fueled by fears over an economic slowd[...]
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