China’s state banks seen selling dollars offshore to slow yuan drop – sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mark..
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Dollar holds firm ahead of U.S. durable goods, housing data
TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders ..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating ..
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UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence that a surge in food inflation w..
Industries
Yara postpones clean ammonia IPO after weak valuation
OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offering of its Yara Clean Ammonia (YCA) business by one or..
Industries
German business sentiment points to likelihood of longer recession
BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that..
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AB Foods raises profit outlook as Primark gets summer boost
LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion business boosted by ..
Industries
Analysis-After the buzz, investors are doing their own homework on AI
MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial ..
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PwC Australia says staff involved in tax leak face ‘severe’ consequences
SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of gover..
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Desperately seeking staff: Paris Airshow lets jobless in for free
PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made ..
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