In the Market: Financiers fret over ‘leverage on leverage’ in private credit
By Paritosh Bansal (Reuters) -To some elite financiers who gathered in Los Angeles for the Milken Institute conference, a debt binge i..
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Japan’s SoftBank swings to quarterly profit, eyes on Arm unit
Japan’s SoftBank swings to quarterly profit, eyes on Arm unit By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Grou..
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Germany says cybercrime by foreign actors rose by 28% in 2023
BERLIN (Reuters) – Cybercrime by foreign perpetrators surged in Germany in 2023, rising by 28% on the previous year, data releas..
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Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon to invest $1.3 billion in France, create 3,000 jobs By Supantha Mukherjee STOCKHOLM (Reuters) – Amazon said on Monday it ..
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UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions
UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions (This May 10 story has been corrected to say..
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Microsoft to invest 4 billion euros in France
Microsoft to invest 4 billion euros in France PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion eu..
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Floods kill 37 in Indonesia’s West Sumatra, 17 missing
Floods kill 37 in Indonesia’s West Sumatra, 17 missing TANAH DATAR (Reuters) – Flash floods and mud slides in Indonesia..
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Currency market calm as US inflation data holds focus this week
Currency market calm as US inflation data holds focus this week By Brigid Riley TOKYO (Reuters) – Major currencies were steady o..
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UK employers plan 4% pay rises in coming year, survey shows
UK employers plan 4% pay rises in coming year, survey shows By Suban Abdulla LONDON (Reuters) – British employers expect to rais..
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Britain’s Prince William says wife Kate is ‘doing well’
LONDON (Reuters) – Britain’s Prince William said on Friday his wife Kate was “doing well” in a rare public com..
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Factbox-Chinese EV makers set sights on European production
Factbox-Chinese EV makers set sights on European production (Reuters) -Some Chinese carmakers are looking to set up manufacturing and ..
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Dollar rises after consumer sentiment data, yen weaker
Dollar rises after consumer sentiment data, yen weaker By Chuck Mikolajczak NEW YORK (Reuters) -The dollar inched higher on Friday as ..
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Oil benchmark Brent above $84 on perky demand signals
Oil benchmark Brent above $84 on perky demand signals By Natalie Grover LONDON (Reuters) -Global benchmark Brent hovered above $84 a b..
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Global stocks rally, Europe at record highs, dollar gains
Global stocks rally, Europe at record highs, dollar gains By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of glob..
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Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability
PARIS (Reuters) -Novavax on Friday erased doubts about its ability to remain in business and struck a licensing deal worth up to $1.2 ..
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Retailer Lidl UK raises staff pay for third time in 12 months
Retailer Lidl UK raises staff pay for third time in 12 months LONDON (Reuters) – The British arm of German supermarket group Lid..
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Honda sees full-year profit rising 2.8%
Honda sees full-year profit rising 2.8% TOKYO (Reuters) – Japan’s Honda Motor Co forecast a 2.8% rise in operating profit ..
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Pandemic treaty talks to the wire, likely to miss first deadline, sources say
Pandemic treaty talks to the wire, likely to miss first deadline, sources say By Jennifer Rigby LONDON (Reuters) – Talks to draw..
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Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports (Reuters) -Mining giant Rio Tinto had considered an offer fo..
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GeoPark to access $500 million from Vitol in return for oil deliveries
GeoPark to access $500 million from Vitol in return for oil deliveries (Reuters) – GeoPark has struck a deal to sell a minimum o..
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China’s push for greener aluminium hit by erratic rains, power cuts
China’s push for greener aluminium hit by erratic rains, power cuts BEIJING (Reuters) – Erratic rainfall in China’s ..
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Telefonica tops forecast with 79% surge in Q1 profit
Telefonica tops forecast with 79% surge in Q1 profit By Inti Landauro MADRID (Reuters) – Spain’s Telefonica beat forecasts..
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Brembo Q1 operating profit rises on record sales
Brembo Q1 operating profit rises on record sales (Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearl..
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Stocks stall near record highs, pound poised for BoE
Stocks stall near record highs, pound poised for BoE By Marc Jones LONDON (Reuters) – World stocks were taking a well-earned bre..
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Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell
Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell By Jesús Aguado MADRID (Reuters) -Spanish bank BBVA presen..
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ITV forecasts 12% jump in Q2 ad revenue on Euros demand
ITV forecasts 12% jump in Q2 ad revenue on Euros demand LONDON (Reuters) – Britain’s ITV said its advertising revenue woul..
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TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper
TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper ROME (Reuters) – The CEO of Telec..
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Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey
By Brijesh Patel (Reuters) – The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia..
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FTSE 100 hits record high, pound slips ahead of BoE verdict
FTSE 100 hits record high, pound slips ahead of BoE verdict By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -The UK’..
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Puma upbeat on growing demand, shares jump
Puma upbeat on growing demand, shares jump By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma ..
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Uber shares tumble as weaker ride-share demand hurts Q2 forecast
By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending i..
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Oil prices rise after US crude stocks fall more than expected
Oil prices rise after US crude stocks fall more than expected By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Wednesday a..
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Olympics-Flame arrives in Marseille amid tight security
By Clotaire Achi and Julien Pretot MARSEILLE, France (Reuters) – The Olympic flame landed on French soil amid tight security on ..
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UK tells tech firms to ‘tame algorithms’ to protect children
By Paul Sandle LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok will have to “tame” the..
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British pub group JD Wetherspoon expects profit at upper end of market forecast
(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectation..
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Alstom to ask shareholders for $1 billion in rights issue to slash debt
Alstom to ask shareholders for $1 billion in rights issue to slash debt (Reuters) – French train maker Alstom on Wednesday said ..
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Munich Re Q1 net profit up 68%, in line with preliminary figures
Munich Re Q1 net profit up 68%, in line with preliminary figures FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesd..
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