By Samrhitha A and Harshita Mary Varghese (Reuters) -Verizon Communications forecast annual profit above estimates on Tuesday after strong demand for its wireless plans and Black Friday promotions helped the …
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DOJ seeks additional info from Six Flags, Cedar Fair on $8 billion merger
by Reutersby Reuters(Reuters) – Amusement park operators Six Flags Entertainment and Cedar Fair said they have received a request for additional information and documents from the U.S. Department of Justice (DOJ), which …
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US oil and gas dealmaking reaches fever-pitch in 2023, Enverus says
by Reutersby Reuters(Reuters) – Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, …
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By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may …
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By Julia Payne and Jan Strupczewski BRUSSELS (Reuters) – The European Union is unlikely to confiscate Russian central bank assets frozen in Europe, despite G7 plans to discuss the legality …
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By Renju Jose SYDNEY (Reuters) -Australia, the United States and Britain on Tuesday imposed cyber sanctions on a Russian man for his role in the breach at insurer Medibank, one …
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US seeks to stop citizens’ data exploitation for blackmail, espionage – Bloomberg News
by Reutersby Reuters(Reuters) – The United States plans to announce a new executive order to seek to prevent foreign adversaries from accessing troves of highly sensitive personal data about Americans and people …
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Jack Ma bought Alibaba shares worth $50 million in fourth quarter – NYT
by Reutersby Reuters(Reuters) – Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on …
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Russian government, central bank disagree publicly over extending capital controls
by Reutersby ReutersBy Alexander Marrow, Darya Korsunskaya and Elena Fabrichnaya MOSCOW (Reuters) -Russian authorities publicly disputed the efficacy of capital controls on Tuesday, with the central bank swiftly opposing the government’s proposal …
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Computer parts maker Logitech targets ‘gradual’ return to sales growth
by Reutersby ReutersBy John Revill (Reuters) -Logitech International’s new CEO is targeting a return to revenue growth after the computer peripherals maker on Tuesday raised its full year sales and profit guidance. …
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Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll
by Reutersby ReutersBy Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will wait until the second quarter before cutting interest rates, according to a majority of economists polled …
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PACCAR beats quarterly profit, revenue estimates on demand for newer truck models
by Reutersby Reuters(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up …
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Europe should boycott Alabama over nitrogen execution – peace group
by Reutersby ReutersBy Philip Pullella ROME (Reuters) – A peace group with close ties to the Vatican said on Tuesday it will appeal to European businesses and tourists to boycott the U.S. …
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Latest strikes on Yemen’s Houthis destroyed intended targets, UK says
by Reutersby ReutersBy Phil Stewart and Idrees Ali WASHINGTON (Reuters) -U.S. and British forces carried out a new round of strikes on Monday in Yemen, targeting a Houthi underground storage site as …
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BOJ signals conviction on hitting inflation goal in hawkish tilt, stands pat for now
by Reutersby ReutersBy Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary settings on Tuesday but signalled its growing conviction that conditions for phasing out its …
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By Pratyush Thakur and Mike Stone (Reuters) -A recovery in commercial air traffic and increased global defense spending helped RTX report better-than-expected fourth-quarter earnings on Tuesday, by boosting margins in …
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By Samuel Shen and Rodrigo Campos SHANGHAI/NEW YORK (Reuters) -From hope to hesitancy and now total capitulation, global investors in China are heading for the exits in the world’s second-biggest …
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By William Schomberg LONDON (Reuters) – The Bank of England is expected to take a tentative first step towards cutting interest rates from their highest level in nearly 16 years …
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Bank of America cuts 20 staff in Asia, China-focused bankers affected most- sources
by Reutersby ReutersBy Kane Wu and Selena Li HONG KONG (Reuters) -Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge of the matter …
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Video-game market recovery to pick up steam in 2024 on strong console sales – report
by Reutersby Reuters(Reuters) – A recovery in the global video-game market is expected to pick up pace this year on the back of strong sales of Microsoft’s Xbox and Sony’s PlayStation 5 …
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By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -The head of Germany’s financial regulator said on Tuesday that 2024 will be less rosy for bank profits and that real estate …
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Caution key to investing in construction tech startups this year, Cemex says
by Reutersby ReutersBy Kylie Madry MEXICO CITY (Reuters) – Investors in construction technology startups are going to be cautious in the first half of the year as geopolitical factors, market demand and …
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By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street’s run-up to record highs will be put to the test in the coming weeks as heavily weighted U.S. technology-related companies open …
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MILAN (Reuters) – Italian truck and bus maker Iveco Group has partnered with German chemicals group BASF for the recycling of lithium-ion batteries of its electric vehicles (BEVs), the two …
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FRANKFURT (Reuters) – Most big banks in Europe are failing to adjust their business to the looming decarbonisation of the bloc’s economy and thus face increased financial, reputational and legal …