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Norway Central Bank Raises Rate to 4.0%, Eyes September Hike
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China’s Low Copper Inventory Data Belie Sufficient Supply
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Tomb Raider Games Group Embracer Lags Forecast, Maintains Outlook
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Payments Company Adyen’s Shares Drop More Than 20% After Earnings Miss
Oil Prices Wobble on Worries Over China Economy, US Rate Path
Date: August 17, 2023
Oil prices wobble on worries over China economy, US rate path By Sudarshan Varadhan SINGAPORE (Reuters) – Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world’s...
Mild Recession Ends Dutch Economy’s Strong post-COVID Boom
Date: August 17, 2023
Mild recession ends Dutch economy’s strong post-COVID boom AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the first half of 2023 ended a strong post-COVID 19 boom, government policy adviser CPB said on Thursday. Growth is set to drop to 0.7% in 2023...
UK’s Bae Systems to Buy Ball Aerospace for About $5.55 Billion
Date: August 17, 2023
UK’s BAE Systems to buy Ball Aerospace for about $5.55 billion (Reuters) -British defence group BAE Systems said on Thursday it agreed to buy Ball Aerospace business from Ball Corp for about $5.55 billion in cash. BAE said it expected the deal to add to its earnings per share and margins in the first year...
Asian Stocks Hit 9-month Lows on Worries Over China, US Rates
Date: August 17, 2023
Asian stocks hit 9-month lows on worries over China, US rates By Ankur Banerjee SINGAPORE (Reuters) – Asian shares sank to nine-month lows on Thursday, while the dollar was at a two-month peak as fears over China’s sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors. MSCI’s broadest...
Dollar Shines Against Battered Yen; Aussie Dragged by Jobs Data, China Woes
Date: August 17, 2023
Dollar shines against battered yen; Aussie dragged by jobs data, China woes By Rae Wee SINGAPORE (Reuters) – The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, contrasting with a still strikingly dovish Bank of Japan. The Australian dollar sank to...
PayPal to Halt UK Crypto Sales Until 2024
Date: August 17, 2023
PayPal to halt UK crypto sales until 2024 By Elizabeth Howcroft LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto...