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Britain’s Ocado Retail and Sainsbury’s Cut Prices Again
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Euro Falls on Gloomy PMI Data, Dollar Hits 2-month High
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UK Pay Deals Cool for First Time in 2023, Easing Pressure on BoE: XpertHR
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Analysis-Arm’s Clients Turn IPO Into Tug of War for Chip Influence
Oil Prices Settle Lower on Nagging Worries About Chinese Demand
Date: August 23, 2023
Oil prices settle lower on nagging worries about Chinese demand By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday as investors remained focused on the likelihood that China’s economic malaise will keep hobbling demand from the world’s top crude importer. Brent crude settled down 43 cents, or 0.5% at $84.03 a barrel while the...
Medtronic Raises Profit Forecast as Surgeries Return to Pre-Pandemic Levels
Date: August 22, 2023
Medtronic raises profit forecast as surgeries return to pre-pandemic levels By Bhanvi Satija (Reuters) -Medtronic on Tuesday raised its annual profit forecast as the return of non-urgent surgery volumes to pre-pandemic levels boosted demand for its medical devices, sending its shares up 3%. Medtronic, which makes pacemakers, catheters and other tools used in heart and...
Microsoft, Activision to Sell Streaming Rights to Secure Biggest Video Gaming Deal
Date: August 22, 2023
Microsoft, Activision to sell streaming rights to secure biggest video gaming deal By Kate Holton and Paul Sandle LONDON (Reuters) -“Call of Duty” maker Activision Blizzard will sell its streaming rights to Ubisoft Entertainment in a fresh attempt to win approval from Britain’s anti-trust regulator for its $69 billion sale to Microsoft. Shares of Activision...
Cryptoassets Increase Risk in Developing Economies, Study Says
Date: August 22, 2023
Cryptoassets increase risk in developing economies, study says NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International Settlements. “Cryptoassets hold out the illusory appeal of...
Dollar Firmer as Traders Look to Jackson Hole Gathering
Date: August 22, 2023
Dollar firmer as traders look to Jackson Hole gathering By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday, nearing a two-month peak touched last week, as traders awaited the Jackson Hole Symposium later in the week. The U.S. dollar index – which measures the currency...
Global Stock Rally Pauses, U.S. Yields Touch New Peaks
Date: August 22, 2023
Global stock rally pauses, U.S. yields touch new peaks By Karin Strohecker and Koh Gui Qing NEW YORK/LONDON (Reuters) -A comeback rally in global stocks fizzled on Tuesday as benchmark Treasury yields hit a near 16-year high on concerns that interest rates could stay higher for longer, which kept the safe-haven dollar firm near 10-week...