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Paris wheat falls on world financial market meltdown, strong euro
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Oil climbs more than $1 into positive territory
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Analysis-Global market rout has more to do with end of cheap funding than US economy
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Dollar down as US rate cut bets rise, yen surges
Stocks sink with bond yield and dollar on recession fears
Date: August 5, 2024
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and U.S. Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a...
Investors’ comments on global stocks rout
Date: August 5, 2024
(Reuters) – Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan’s Nikkei shed a staggering 12% to hit nine-month lows, entering bear market territory...
Honeywell Automation India’s Q1 profit jumps on order execution
Date: August 5, 2024
BENGALURU (Reuters) – Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders. The Indian unit of U.S.-based Honeywell International reported a profit of 1.37 billion rupees (around $16 million), compared to 1.03 billion rupees a year ago. Execution of legacy projects and stable costs helped boost earnings...
Yen rises to 7-month highs as US slowdown fears spill over
Date: August 5, 2024
By Vidya Ranganathan SINGAPORE (Reuters) -Japan’s yen hit its highest levels against the dollar since January on Monday, as markets extended moves triggered last week after weak U.S. labour data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve. Friday’s jobs data, coming on top of a string of weak...
Aero parts supplier Senior’s H1 profit rises on strong demand
Date: August 5, 2024
(Reuters) -British aerospace engineer Senior Plc posted a 10% rise in its first-half profit on Monday, buoyed by demand for commercial aircraft and higher defence spending. Senior, an aero parts supplier to Boeing and Airbus, reported adjusted operating profit of 25.1 million pounds ($31.9 million), up from 22.9 million pounds last year. Aerospace and...
L’Oreal to acquire 10% stake in Swiss skin care company Galderma
Date: August 5, 2024
ZURICH (Reuters) -French cosmetics company L’Oreal is to acquire a 10% stake in Swiss skin care firm Galderma from a group of major shareholders, the two companies said on Monday. The Swiss firm, originally set up as a joint venture between Nestle and L’Oreal, began trading on the Swiss stock exchange in late March,...