By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy kept growing at a solid pace last quarter compared to the first three months of the year, supported by household expenditure, a R[...]
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ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say
(Reuters) – TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the ma[...]
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Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
(Reuters) – Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks[...]
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A dollar on the defensive brings relief to policymakers globally
By Alun John and Karin Strohecker LONDON (Reuters) – The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief t[...]
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US crypto executives to throw Washington fundraiser for Harris
By Hannah Lang (Reuters) -Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $[...]
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Euro zone factories stuck in a rut as Asia shows tentative signs of recovery
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Factories in the euro zone remained mired in contraction last month, surveys showed, with the data suggesting a recovery could be some way of[...]
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Shares in Hong Kong’s New World Development plunge after loss estimate
By Clare Jim HONG KONG (Reuters) – Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the[...]
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Hedge funds bet against banks, insurance and property, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid rep[...]
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Brazil top court justices to vote on Monday on X ban
BRASILIA (Reuters) – A five-member panel of Brazil’s Supreme Court will vote on Monday whether to uphold Justice Alexandre de Moraes’ ruling to shut down social media platform X in t[...]
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Euro zone August factory activity stuck in a rut, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell a[...]
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