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Westpac raises share buyback by $661 million even as costs and competition bite
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Spain abolishes national bullfighting award in cultural shift
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Oil prices set for steepest weekly drop in three months
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Global equity funds attract robust weekly inflows, led by Asia
Sterling shrugs off local election to focus on US payrolls data
Date: May 3, 2024
Sterling shrugs off local election to focus on US payrolls data By Joice Alves LONDON (Reuters) – Sterling rose on Friday against a weakening dollar ahead of U.S. jobs data due later in the day, while local elections in Britain have left the currency undisturbed. Markets are focusing on U.S. nonfarm payrolls data due at...
Analysis-Apple aims to tell an AI story without AI bills
Date: May 3, 2024
Analysis-Apple aims to tell an AI story without AI bills By Stephen Nellis (Reuters) – For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumbling that the iPhone maker has no AI story to tell. After...
Google defends app store, fighting Epic Games’ bid for major reforms
Date: May 3, 2024
Google defends app store, fighting Epic Games’ bid for major reforms By Mike Scarcella (Reuters) – Google has asked a U.S. judge not to impose sweeping changes to the Alphabet unit’s app store Play that were proposed by “Fortnite” maker Epic Games in the companies’ closely-watched antitrust fight. Google made its filing late on Thursday...
European shares climb on bank earnings cheer, tech boost
Date: May 3, 2024
European shares climb on bank earnings cheer, tech boost By Ankika Biswas (Reuters) -European shares rose on Friday as investors cheered earnings from French banks Societe Generale and Credit Agricole, while the technology sector got a boost from Apple’s upbeat results and a record share buyback. The pan-European STOXX 600 index rose 0.3% by 0830...
UK’s FTSE 100 hits record highs on Anglo-American boost
Date: May 3, 2024
UK’s FTSE 100 hits record highs on Anglo-American boost By Pranav Kashyap and Shubham Batra (Reuters) -Britain’s FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new chief financial officer. The blue-chip FTSE 100 was up...
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
Date: May 3, 2024
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong By Chandini Monnappa (Reuters) -Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure travel to remain strong. Hotel chain owners, including IHG, have benefited from...