Julius Baer reports modest money inflows after slow start to 2023
ZURICH (Reuters) -Julius Baer reported on Tuesday a modest rise in assets under management and money inflows in the first four months..
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Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user..
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Britain chips away at NatWest stake with $1.6 billion share sale
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 bil..
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Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 t..
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Markets edgy as US debt ceiling talks near crunch time
By Stella Qiu SYDNEY (Reuters) – Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations app..
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Oil slips as U.S. debt caution offset supply concerns
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about de..
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Energy costs for most British households to fall 18% from July -Cornwall Insight
LONDON (Reuters) – Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem pois..
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ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium ..
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Oil rebounds on fading risk of U.S. debt default
By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned ca..
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Siemens Energy close to selling stake in Windar Renovables – source
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source ..
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Stocks reach one-month high on U.S. debt ceiling hopes
By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major..
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UK’s Nationwide to pay 340 million pounds to customers after profit leap
LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their curren..
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Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2..
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Ripple buys crypto custody firm Metaco for $250 million
(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) By Elizabeth Howcroft LONDO..
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Burberry shares drop as weak US demand overshadows China rebound
By Suban Abdulla LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter s..
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Aston Martin stock soars after $295 million on Geely investment
(Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investme..
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Japanese businesses pledge UK investment ahead of Sunak meeting
LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a me..
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Australia’s push for faster EV uptake will be slow to charge
(This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid is..
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Credit Suisse bond wipe-out will not trigger credit insurance payout
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee ..
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Southern Europe braces for climate change-fuelled summer of drought
By Kate Abnett BRUSSELS (Reuters) -Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering ..
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Tyre-makers under pressure as too much rubber hits the road
By Nick Carey and Barbara Lewis LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as reg..
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UK has held productive discussions with EU over car tariffs – minister
LONDON (Reuters) – Britain has had productive discussions with the European Union about changing trading arrangements for car m..
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Mitchells & Butlers pub group says costs start to ease
By Radhika Anilkumar (Reuters) -British pub and restaurant group Mitchells & Butlers PLC reported a fall in half-year profits on ..
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Low unemployment amongst young driving demand, says JD Sports boss
LONDON (Reuters) – Historically low unemployment for the young is driving demand for JD Sports Fashion’s trainers, jogger..
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European shares weighed by US debt ceiling concerns, slide in financials
By Sruthi Shankar (Reuters) – European shares slipped on Wednesday as concerns about whether the United States can avoid a debt..
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Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stoc..
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Analysis-Southern Europe braces for climate change-fuelled summer of drought
By Kate Abnett BRUSSELS (Reuters) – Southern Europe is bracing for a summer of ferocious drought, with some regions already suf..
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Asian shares tentative, US debt ceiling talks weigh on risk appetite
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak a..
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Volatile banking sector saw big moves from funds in first quarter
By David Randall and Carolina Mandl NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter..
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Macquarie raising hurdles to CDP joining KKR bid for Telecom Italia grid, sources say
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy&#..
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Agnelli investment firm hires former UK minister Osborne
PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finan..
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UK competition watchdog steps up examination of grocery prices
LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evi..
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India’s carmakers back zero duty on limited British imports under trade deal – sources
By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – Indian carmakers have agreed to eliminate import tax on a limited numb..
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World stocks climb on hopes of successful debt ceiling outcome
By Nell Mackenzie LONDON (Reuters) -World stocks rose on Monday on cautious optimism ahead of this week’s deliberations over th..
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Economist Odor picked as Slovakia’s caretaker prime minister
By Radovan Stoklasa and Jan Lopatka BRATISLAVA (Reuters) – Respected economist Ludovit Odor was made Slovakia’s interim p..
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Euro zone industry output falls sharply, with Ireland plunge
BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged..
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Record orders, strong sales drive strong Q2 for Siemens Energy
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Siemens Energy, which supplies equipment and services to the power sector..
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