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World stocks rise on rate cut bets, yen flounders at 38-year lows
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Spain to crack down on holiday rentals to address housing crisis
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Sterling set for fifth daily rise ahead of UK election
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Development banks get ratings boost on climate clauses and hybrid bonds
Oil rises on US crude inventory draw, Mideast tensions
Date: July 3, 2024
Oil rises on US crude inventory draw, Mideast tensions By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East. Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel...
UK’s Vodafone and Virgin Media agree new network sharing deal
Date: July 3, 2024
UK’s Vodafone and Virgin Media agree new network sharing deal LONDON (Reuters) – Britain’s Vodafone and Virgin Media O2 agreed a new network sharing agreement to extend their existing tie-up for more than a decade, in a deal they said on Wednesday was subject to approval of the merger between Vodafone and Three UK....
Rivian says no plans to produce vehicles with VW after media report on early talks
Date: July 3, 2024
Rivian says no plans to produce vehicles with VW after media report on early talks SAN FRANCISCO (Reuters) -Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S. electric vehicle maker was in early talks with the German automaker to extend a recent partnership beyond...
Spain’s Iberdrola calls for greenwashing rules
Date: July 3, 2024
Spain’s Iberdrola calls for greenwashing rules By Pietro Lombardi MADRID (Reuters) – Clear rules defining green energy are necessary to tackle misleading or exaggerated climate-friendly claims, the chief executive of Spain’s Iberdrola Renovables Energia said at the Future Energy Summit in Madrid on Tuesday. “We have to be very careful with greenwashing,” said Julio Castro,...
Shares flat, US Treasury yields weaken as markets weigh Fed chair comments
Date: July 2, 2024
Shares flat, US Treasury yields weaken as markets weigh Fed chair comments By Chibuike Oguh NEW YORK (Reuters) -Global stocks were flat while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a continuing tight labor market as well as prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell....
Factbox-Battles over CEO pay across the globe
Date: July 2, 2024
Factbox-Battles over CEO pay across the globe (Reuters) -A majority of Salesforce shareholders voted against a compensation plan for CEO Marc Benioff and other top executives, according to a security filing on Monday. Benioff received $39.6 million in total compensation for fiscal year 2024, up from $29.9 million in the prior year. Below are other...