By Amanda Cooper LONDON (Reuters) – The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raisin[...]
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Updated
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s depend[...]
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Marketmind: Tough Fed talk
A look at the day ahead in markets from Anshuman Daga While Fed speakers talk tough on interest rates and keep market expectations in check, Britain’s bleak outlook will also weigh on UK assets.[...]
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Amazon layoffs to extend into 2023
(Reuters) – Amazon.com Inc said on Thursday there would be more role reductions as its annual planning process extends into next year and leaders continue to make adjustments. “Those decis[...]
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Bankrupt FTX’s new CEO outlines fund abuses, untrustworthy records
(Reuters) -The executive hired to steer FTX Group through bankruptcy offered his first findings of improper fund transfers and poor accounting at the collapsed crypto exchange on Thursday, describing[...]
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Alibaba quarterly revenue misses expectations as spending slows
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd posted a low single-digit rise in quarterly revenue on Thursday, slightly below expectations, as COVID-19 curbs and a worsening eco[...]
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Wall Street drops as hawkish Fed official comments weigh
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments from a U.S. Federal R[...]
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U.S. mandates new comparison internet service labels
By David Shepardson WASHINGTON (Reuters) – U.S. broadband providers must display information similar to nutrition labels on food products to help consumers shop for broadband internet services,[...]
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Visa promotes McInerney to CEO as Kelly moves to board
By Manya Saini (Reuters) -Visa Inc on Thursday named its president, Ryan McInerney, as its new chief executive officer to steer the company through a challenging period for the payments industry as co[...]
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