(Reuters) – Star stock-picker Cathie Wood’s Ark Invest this week snapped up shares of pandemic darlings including Roblox Corp, Roku Inc and Zoom Video Communications that have fallen out of …
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By Vera Eckert FRANKFURT – A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc’s total capacity, will kick …
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By Gabriel Burin BUENOS AIRES – Brazil’s economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending and policymakers struggle to find …
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ROME – European missile maker MBDA has made a good start to 2022 after record results last year, Executive Group Director for Sales & Business Development Lorenzo Mariani said on …
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SHANGHAI/MILAN -Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. …
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(Reuters) – Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate hikes by major central banks …
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By Ana CanteroRos and Alexander Kloss (Reuters) – Swiss elevator and escalator maker Schindler on Friday reported a drop in first-quarter net profit but beat the consensus forecast despite supply …
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(Reuters) – Overseas investors extended their selling of Chinese shares into April, after dumping them in the previous month, on mounting worries about the impact of prolonged COVID-19 lockdowns, growth …
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By Gilles Guillaume and Nick Carey PARIS -French carmaker Renault said on Friday all options were on the table for separating its electric vehicle (EV) business, including a possible public …
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By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses …
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(Reuters) -Newmont Corp on Friday posted a fall in first-quarter profit, as the world’s biggest gold miner was hurt by lower gold sales volumes. Miners have been dealing with labor …
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(Reuters) – Kremlin-controlled Gazprom’s gas exports to Europe could fall by around a third this year due to the crisis in Ukraine, rivalry with liquefied natural gas, and plans to …
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BERLIN – Europe’s carmakers should wean themselves off fossil fuels from 2040, chief executive of Volkswagen’s Audi said on Friday, calling for quicker expansion of renewable energy capacity in Bavaria, …
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TOKYO -Shares of Toshiba Corp jumped nearly 5% in Tokyo trade on Friday, after the embattled Japanese conglomerate said it would solicit potential buyout offers, bolstering hopes of a lucrative …
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By Angus Berwick and Tom Wilson VILNIUS – In April 2021, Russia’s financial intelligence unit met in Moscow with the regional head of Binance, the world’s largest crypto exchange. The …
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By John Revill ZURICH -Holcim raised its full-year sales outlook on Friday after posting forecast-beating first quarter results, helped by price hikes to offset surging energy costs and new acquisitions …
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By Aftab Ahmed NEW DELHI – New Delhi is halving its fundraising goal for Life Insurance Corporation of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut …
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By Krystal Hu and Anirban Sen (Reuters) – It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds …
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BEIJING – China is capable of adapting to policy changes from the U.S. Federal Reserve and authorities expect uncertainties abroad to have a smaller impact on the Chinese currency, the …
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NAIROBI – Alphabet Inc’s Google is investing in its first ever Africa product development centre in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing …
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LUANDA -Diamond miner De Beers has signed two mineral investment contracts with the Angolan government, the Anglo American subsidiary said on Wednesday, in a return to the southern African country …
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By Jonathan Cable LONDON -Euro zone business growth unexpectedly accelerated this month, with the bloc’s dominant services sector seeing a sharp increase in activity as consumers shrugged off soaring prices, …
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PARIS – Major French trade unions said in a joint statement on Friday that a proposed pay rise for workers in the logistics sector was “unacceptable” and that they had …
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By Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) – Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French …
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By Balazs Koranyi and Francesco Canepa WASHINGTON – European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics …