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ABN Amro’s Q3 profit jumps as interest income recovers
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InPost sees stronger 2022 but warns of slowing demand
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Taiwan’s President looks forward to Britain supporting its CPTPP bid
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Dollar catches breath while investors await midterms; cryptos skittish
Oil prices ease on U.S. inventory build, China COVID worries
Date: November 9, 2022
By Sonali Paul and Isabel Kua SINGAPORE (Reuters) -Oil prices slid on Wednesday as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures fell 44 cents, or 0.5%, to $94.92 a barrel by 0454 GMT,...
Asia stocks advance as investors await U.S. midterm election results
Date: November 9, 2022
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares rose and the dollar wobbled on Wednesday as investors awaited U.S. inflation data as well as the results of the U.S. midterm elections that could signify a power shift in Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.45% higher, while Japan’s Nikkei rose 0.2%...
Twitter to introduce ‘Official’ label for some verified accounts
Date: November 9, 2022
By Sheila Dang and Fanny Potkin (Reuters) -Billionaire Elon Musk’s social media platform Twitter will introduce an “Official” label for select verified accounts including major media outlets and governments when it launches its new $8 premium subscription product, its early stage products executive Esther Crawford said on Tuesday. Crawford also confirmed that the revamped Twitter...
Binance plans to buy rival FTX in bailout as crypto market crumbles
Date: November 9, 2022
By Hannah Lang and Tom Wilson WASHINGTON/LONDON (Reuters) – Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX’s non-U.S. unit to help cover a “liquidity crunch” at the rival exchange, in a stunning bailout that raised fresh concerns among investors about cryptocurrencies. The deal between high-profile rivals Sam Bankman-Fried, FTX’s CEO, and...
Novavax cuts full-year revenue forecast again amid weak demand
Date: November 9, 2022
(Reuters) – Novavax Inc cut its full-year revenue forecast on Tuesday for the second time in three months, hurt by a global supply glut in COVID-19 vaccine and waning demand. The company now expects annual revenue to be near the low end of its prior forecast range of between $2 billion and $2.3 billion. In...
Disney streaming beats Wall Street targets, earnings miss
Date: November 8, 2022
By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co said on Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Shares in Disney fell 5% in after-market trading. The entertainment company is spending billions to compete with Netflix Inc...