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Thailand records nearly 12 million tourists in first four months
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L’Occitane’s billionaire owner Geiger to take firm private in $1.8 billion deal
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Computer parts maker Logitech Q4 sales rise; first positive qtr in over 2 years
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European stocks eke out gains after German inflation data; Deutsche Bank drops
FTSE 100 extends record streak on company news
Date: April 29, 2024
FTSE 100 extends record streak on company news By Pranav Kashyap, Sruthi Shankar and Khushi Singh (Reuters) -Britain’s FTSE 100 extended its record rally for the fifth straight session on Monday, helped by positive corporate updates, while a stronger pound boosted midcaps. The mid-cap FTSE 250 advanced 1.3%, after touching highest levels in over thirteen...
Oil falls on Middle East talks, dimming near-term US rate cut hopes
Date: April 29, 2024
Oil falls on Middle East talks, dimming near-term US rate cut hopes By Laila Kearney (Reuters) -Oil prices fell by more than $1 a barrel on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict, while U.S. inflation data dimmed the prospect of imminent interest rate cuts. Brent crude...
ECB’s Knot: increasingly confident about disinflation
Date: April 29, 2024
ECB’s Knot: increasingly confident about disinflation FRANKFURT (Reuters) – Euro zone inflation is falling towards 2% and geopolitical stress poses only moderate risks but the European Central Bank should still exercise caution in cutting interest rates beyond a first step in June, Dutch policymaker Klaas Knot told Nikkei. The ECB has all but promised a...
EU industry group downgrades steel demand forecast for 2024 again
Date: April 29, 2024
EU industry group downgrades steel demand forecast for 2024 again LONDON (Reuters) – A European Union industry group on Monday downgraded its 2024 steel demand outlook for the second time in a matter of months, projecting growth of 3.2%, due to geopolitical tensions, economic uncertainty and high interest rates. The European Steel Association (Eurofer) had...
U.S. stocks gain at top data-heavy week amid suspected yen intervention
Date: April 29, 2024
U.S. stocks gain at top data-heavy week amid suspected yen intervention By Stephen Culp NEW YORK (Reuters) – U.S. stocks followed their European counterparts higher on Monday and the yen surged amid suspected intervention as investors embarked on what promises to be an action-packed week. All three major U.S. stock indexes were modestly green at...
G7 reaches deal to exit from coal by 2035
Date: April 29, 2024
G7 reaches deal to exit from coal by 2035 By Francesca Landini TURIN (Reuters) -Energy ministers from the Group of Seven (G7) wealthy countries reached a deal to shut down their coal-fired power plants by 2035 at the latest, in a significant step towards the transition away from fossil fuels. “We have an agreement to...