By Olena Harmash KYIV (Reuters) -Ukraine’s central bank said it will nationalise Russian-owned Sense Bank, one of the country’s top commercial banks, and put it under temporary administrat[...]
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Brazil’s GPA again rejects Colombian tycoon’s bid to buy 51% of Exito
SAO PAULO (Reuters) – Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidiary Almacenes Exito[...]
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PPG Industries raises forecast as higher prices boost quarterly results
(Reuters) – PPG Industries raised its full-year profit forecast on Thursday after beating second-quarter profit estimates as strong prices helped the industrial coatings maker offset lower deman[...]
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South Korea producer prices fall for first time in 31 months
SEOUL (Reuters) – South Korea’s producer prices fell in June on an annual basis for the first time in 31 months, central bank data showed on Friday, dragged down by petroleum and agricultu[...]
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Exclusive-Microsoft hit with EU antitrust complaint by German rival
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office produc[...]
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Capital One Financial beats profit estimates on higher interest income
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in ben[...]
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Analysis-Elon Musk and Tesla loom over Detroit’s auto labor talks
By Joseph White and Ben Klayman DETROIT (Reuters) – Detroit’s automakers and the United Auto Workers will not be alone as they begin bargaining this week over wages and working conditions[...]
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Tesla investors balk at margin loss as Musk touts self-driving future
By Akash Sriram and Aditya Soni (Reuters) -Elon Musk’s bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to[...]
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Dollar gains, stocks fall as US data suggests rates to stay higher
By Herbert Lash NEW YORK (Reuters) -The dollar rallied and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the Federal R[...]
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