By Naomi Rovnick, Marc Jones and Alun John LONDON (Reuters) – It was not meant to be this way. The big trades championed at the start of 2023 look redundant thanks to AI mania in stock markets,[...]
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Europe
Marketmind: UK data deluge and the run-up to recession
A look at the day ahead in European and global markets from Vidya Ranganathan A big bunch of numbers is due out of Britain today – GDP, industrial output, construction – and will call into[...]
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Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) – Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that[...]
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FTC to appeal judge’s decision to let Microsoft buy Activision
By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purc[...]
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Meta to contest EU antitrust charges at July 13 hearing
By Foo Yun Chee BRUSSELS (Reuters) – Facebook owner Meta will contest EU antitrust charges at a closed hearing on Thursday in a bid to stave off a possible hefty fine after regulators charged it[...]
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Manhattan office market’s tough outlook persists, leaving investors on sidelines
By Herbert Lash NEW YORK (Reuters) – The end of the pandemic has brought little relief to Manhattan’s depressed market for workspace, where empty floors remain the norm and by one calculat[...]
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US judge finalizes Allianz’s $6 billion criminal settlement
By Jody Godoy (Reuters) – A U.S. judge on Wednesday approved Allianz’s $6 billion settlement over the 2020 collapse of a group of investment funds, ending a scandal that took down one of t[...]
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of c[...]
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Steve Bannon, Michael Flynn must answer questions in Smartmatic US defamation case
By Jack Queen (Reuters) – Steve Bannon and Michael Flynn, two allies of former U.S. President Donald Trump, must answer questions under oath in voting technology company Smartmatic’s defam[...]
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