Wealth Growth Daily

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Inflation down in six German states, pointing to national decline

BY Reuters  • August 29, 2024August 29, 2024
By Maria Martinez BERLIN (Reuters) -Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany’s national inflati[...]
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Japan raises economic assessment for first time in 15 months

BY Reuters  • August 29, 2024August 29, 2024
By Satoshi Sugiyama TOKYO (Reuters) – The Japanese government has upgraded its economic assessment for the first time in more than a year on signs of improved consumption, fostering optimism for[...]
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Exclusive-Tesla asked Canada for lower tariff on China-made EVs, government source says

BY Reuters  • August 29, 2024August 29, 2024
By David Ljunggren OTTAWA (Reuters) – Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its auto[...]
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Nations building their own AI models add to Nvidia’s growing chip demand 

BY Reuters  • August 29, 2024August 29, 2024
By Arsheeya Bajwa (Reuters) – Nations building artificial intelligence models in their own languages are turning to Nvidia’s chips, adding to already booming demand as generative AI takes[...]
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Analysis-As it reins in wasteful investment, China frets over growth

BY Reuters  • August 29, 2024August 29, 2024
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infra[...]
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Analysis-Bond markets face a reckoning after stellar summer run

BY Reuters  • August 29, 2024August 29, 2024
By Yoruk Bahceli (Reuters) – Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflati[...]
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Factbox-What were India’s antitrust concerns over Disney-Reliance deal

BY Reuters  • August 29, 2024August 29, 2024
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion mer[...]
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Australia’s CBA chief blasts misinformation, populism targeting corporates

BY Reuters  • August 29, 2024August 29, 2024
By Byron Kaye SYDNEY (Reuters) -The CEO of Australia’s biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back agai[...]
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Chinese regional banks investment revenues surge even as lending falters

BY Reuters  • August 29, 2024August 29, 2024
SHANGHAI (Reuters) – Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flail[...]
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