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ArcelorMittal cuts steel demand forecast, beats profit expectations
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Banks to fuel boom in UK Plc regular dividend payouts
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Samsung to extend production cuts after $7 billion chip loss in H1
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Mercedes-Benz says better supplies boost orders, economy still weighs
Facebook parent Meta sees advertising jump, tops Wall Street targets
Date: July 27, 2023
Facebook parent Meta sees advertising jump, tops Wall Street targets By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook’s parent company, come a day...
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
Date: July 27, 2023
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. The company also announced new AI tools on...
Equinor Q2 profit down 57% as oil and gas prices fall
Date: July 26, 2023
Equinor Q2 profit down 57% as oil and gas prices fall By Gwladys Fouche OSLO (Reuters) -Equinor posted on Wednesday a 57% year-on-year decline in second quarter core profit, in line with expectations as oil and gas prices fell, while maintaining its dividend and share buyback levels, sending its shares slightly lower. The Norwegian energy...
Nissan seals Renault deal, now faces hard yards in China
Date: July 26, 2023
Nissan seals Renault deal, now faces hard yards in China By Daniel Leussink and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Sealing the deal is...
Limited support for central bank digital currencies in global investment industry survey
Date: July 26, 2023
Limited support for central bank digital currencies in global investment industry survey By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital currencies to date has shown both limited support and a lack of understanding of how a digital dollar, euro, yen or pound would work....
Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say
Date: July 26, 2023
Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder, people...