By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hi[...]
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Economy
Dow, S&P gain with bank rally countering rate worries
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve’s a[...]
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Chip stocks drop as U.S. mulls fresh curbs on AI access to China
By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following reports that the Biden administration was planning new curbs on export of computing chips for artificial intellig[...]
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Honda recalling 1.3 million vehicles worldwide for rear camera issue
By David Shepardson WASHINGTON (Reuters) -Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the rearview camera image, the U.S. National Highway Traffic Safety Admi[...]
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Amazon workers in Leipzig start 48-hour strike for higher wages
(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union[...]
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HIGHLIGHTS-What world leaders said at the Paris finance summit
PARIS (Reuters) – Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up[...]
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Philip Morris to launch new $30 million production facility in western Ukraine
KYIV (Reuters) – Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tu[...]
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Analysis-Behind aviation recovery, suppliers struggle to keep up
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. Wh[...]
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Will cost cuts help FedEx close margin gap with UPS?
By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors will be keen on knowing whether those actions have helped it catch up with ri[...]
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