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Belgium’s imec reports breakthroughs with new ASML chip printing machine
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Supermarket group Ahold Delhaize posts Q2 margin beat
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Bottler Coca-Cola HBC raises 2024 revenue and operating profit forecasts
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Siemens Energy raises free cash flow outlook after solid Q3
Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
Date: August 7, 2024
(Reuters) -VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up about 7% in extended trading. Along with several global apparel retailers such as H&M and Zara, VF Corp has been facing some disruptions due to...
Unwind of massive yen-funded carry has room to go, analysts say
Date: August 6, 2024
NEW YORK (Reuters) – An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on Tuesday. Days of havoc in global markets have analysts rushing to calculate the size of a global carry trade in which investors have borrowed money from economies with low...
Oil prices recover from multi-month lows in volatile trade
Date: August 6, 2024
By Shariq Khan NEW YORK (Reuters) -Oil prices rose about 1% in volatile trade on Tuesday, bouncing off multi-month lows hit in the previous session, as investor attention turned to supply tightness and financial markets recovered from their recent slump. Brent crude futures were up 58 cents, or 0.8%, to $76.88 a barrel at 11.38...
Global stocks rebound from sell-off; Treasury yields, dollar higher
Date: August 6, 2024
By Sinéad Carew and Amanda Cooper NEW YORK/ LONDON (Reuters) – Equities around the world were attempting a comeback on Tuesday after the previous day’s aggressive selloff while Treasury yields rose and the dollar was slightly higher as central banker comments countered recession fears. Oil prices were volatile, with a weak outlook for demand partly...
Dollar recovers ground, yen steadies as currency market frenzy eases
Date: August 6, 2024
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar recovered ground against most major peers on Monday and the Japanese yen steadied around 7-month highs against the U.S. currency as some of the more striking moves of recent days reversed somewhat, and a semblance of calm returned to markets. The dollar was last at...
Europe’s STOXX 600 edges up in global recovery, earnings relief
Date: August 6, 2024
By Pranav Kashyap and Ankika Biswas (Reuters) -European shares rose on Tuesday, mirroring a recovery in global markets after the previous day’s mauling, with energy and technology stocks leading the way as a slew of upbeat corporate earnings also lifted sentiment. The STOXX 600 closed 0.3% higher, after logging its steepest three-day decline since June...