Wealth Growth Daily

Updated

Dollar rebounds against euro before Powell speech

BY Reuters  • August 22, 2024August 22, 2024
By Karen Brettell NEW YORK (Reuters) – The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the green[...]
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Baidu touts AI edge as ad revenue stalls

BY Reuters  • August 22, 2024August 22, 2024
(Reuters) – Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The commen[...]
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Insurer Aegon books $400 million hit from higher US mortality

BY Reuters  • August 22, 2024August 22, 2024
By Olivier Sorgho and Dimitri Rhodes (Reuters) – Dutch insurer Aegon booked a charge of around $400 million in the first half of 2024 to reflect higher death-related insurance claims in its key[...]
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China’s Ping An Insurance posts 6.8% rise in first-half profit

BY Reuters  • August 22, 2024August 22, 2024
BEIJING/SHANGHAI (Reuters) -Ping An Insurance (Group) Co of China reported a 6.8% rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments[...]
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Germany’s Scholz vows to keep luxury shipbuilder afloat

BY Reuters  • August 22, 2024August 22, 2024
By Klaus Lauer and Andreas Rinke PAPPENBURG, Germany (Reuters) -The German government is working on a deal to secure the future of Meyer Werft, a 229-year-old shipyard and one of the world’s lar[...]
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Factbox-Canadian rail stoppage set to squeeze North American industries

BY Reuters  • August 22, 2024August 22, 2024
(Reuters) -Canada’s freight rail transport could come to a grinding halt after the country’s two biggest railroad operators announced an unprecedented, simultaneous work stoppage following[...]
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Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance

BY Reuters  • August 22, 2024August 22, 2024
By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – The Indian antitrust body’s opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney an[...]
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Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont

BY Reuters  • August 22, 2024August 22, 2024
(Reuters) – Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial[...]
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Trump anxiety spurs investment in European defence startups

BY Reuters  • August 22, 2024August 22, 2024
By Martin Coulter LONDON (Reuters) -Donald Trump’s potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent[...]
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