By Nicoco Chan and Yelin Mo SHANGHAI/BEIJING (Reuters) – Over a hundred customers queued inside Apple’s flagship store in the Chinese financial hub of Shanghai on Friday, waiting to pick u[...]
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NEWSLETTER
Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
By Rajesh Kumar Singh CHICAGO (Reuters) – Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable[...]
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US SEC charges investment firm linked to Russian billionaire
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment ad[...]
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China’s cash-squeezed Country Garden faces another dollar coupon deadline
By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offs[...]
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Forecast for Fed’s new forecasts – still one more rate hike to go
By Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of forecasts from Federal Reserve officials next week lik[...]
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Deutsche Bank to hold crypto for institutional clients
By Elizabeth Howcroft LONDON (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenized ass[...]
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Corporate defaults jump, highest August monthly tally since 2009 – S&P
LONDON (Reuters) – The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a report released on Wednesday, the latest si[...]
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Oracle tumbles as strong cloud competition, Cerner weakness dent forecast
By Aditya Soni (Reuters) -Oracle shares plunged more than 10% on Tuesday after the company’s weak forecast suggested that strong competition in the cloud-computing industry and a digital spendin[...]
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Qualcomm to supply Apple with 5G chips until 2026 under new deal
By Stephen Nellis (Reuters) -Qualcomm said on Monday it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and loo[...]
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