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Currency market calm as US inflation data holds focus this week
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UK employers plan 4% pay rises in coming year, survey shows
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Britain’s Prince William says wife Kate is ‘doing well’
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Oil benchmark Brent above $84 on perky demand signals
Dollar rises after consumer sentiment data, yen weaker
Date: May 10, 2024
Dollar rises after consumer sentiment data, yen weaker By Chuck Mikolajczak NEW YORK (Reuters) -The dollar inched higher on Friday as investors digested a reading on U.S. consumer sentiment and sifted through a flurry of comments from Federal Reserve officials, while the yen was poised for its fourth decline of the week. The greenback pared...
Factbox-Chinese EV makers set sights on European production
Date: May 10, 2024
Factbox-Chinese EV makers set sights on European production (Reuters) -Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors amid slowing demand at home. European imports of Chinese-made electric vehicles (EVs) have soared...
Global stocks rally, Europe at record highs, dollar gains
Date: May 10, 2024
Global stocks rally, Europe at record highs, dollar gains By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets closed in on a record high on Friday in anticipation of central bank interest rate cuts and strong corporate earnings, while the dollar rose despite signs of slowing U.S. economic growth....
Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability
Date: May 10, 2024
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 billion with Sanofi for COVID-19 vaccines in exchange for a stake that doubles the U.S. drugmaker’s market value. In February...
Retailer Lidl UK raises staff pay for third time in 12 months
Date: May 10, 2024
Retailer Lidl UK raises staff pay for third time in 12 months LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months. Lidl said on Friday it would raise pay for staff across...
Honda sees full-year profit rising 2.8%
Date: May 10, 2024
Honda sees full-year profit rising 2.8% TOKYO (Reuters) – Japan’s Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceeded analysts’ estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Japan’s second-largest automaker by volume forecast full-year operating profit...