LONDON (Reuters) – Investors poured more money into cash funds in the week to Wednesday than at any time since the depths of the pandemic in 2020, a report from BofA Global Research showed on Fr[...]
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Europe
Coinbase, Galaxy Digital abandon Silvergate after bank warns about its viability
By Niket Nishant (Reuters) -Cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital on Thursday dropped Silvergate Capital Corp as their banking partner after the lender’s l[...]
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Stellantis to Invest $155 Million in U.S. To Produce New Electric Drive Modules
MILAN (Reuters) – Stellantis said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in[...]
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Audi Mulls U.S. Plant as IRA Subsidies Draw Carmakers
By Victoria Waldersee BERLIN (Reuters) -Volkswagen-owned Audi may build a factory in the United States in light of the Inflation Reduction Act, it said on Friday, the latest company to consider invest[...]
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‘Day of pain’: Wirecard boss denies charges in massive fraud trial
By Jörn Poltz MUNICH (Reuters) -Wirecard’s former boss on Monday denied all wrongdoing over the collapse of the payments company as he took to the stand for the first time in Germany’s big[...]
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UK Consumer Sentiment Jumps in January: Yougov/Cebr Survey
LONDON (Reuters) -British households’ expectations for their personal finances over the next 12 months recorded a record jump in January as wholesale gas prices fell, according to a monthly surv[...]
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Stocks rise, dollar slips on Powell comments seen as dovish
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal Reserve c[...]
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Oil prices rally to highest close since Dec. 1 on China optimism
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week of large bu[...]
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Logitech shares sink as it cuts sales outlook after weak quarter
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trad[...]
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