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Passendo appoints Harry Charalambous as Head of Demand & International Growth
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GumGum Announces Industry First Contextual Partnership with Tumblr
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ECB decision nervousness weighs on European shares
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Sri Lanka president’s brother, Basil Rajapaksa, resigns from parliament
UK electricals retailer AO World to close German business
Date: June 9, 2022
LONDON (Reuters) – British online electricals retailer AO World will close its business in Germany as the outlook for the unit has continued to worsen, it said on Thursday. AO, which sells washing machines, refrigerators, cookers and televisions, launched a review of the German business in January. At that time it highlighted an intensifying competitive...
Charting course out of stimulus, ECB to set stage for rate hikes
Date: June 9, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, leaving markets only to guess the size and speed of policy tightening. With inflation at a record-high 8.1% and broadening quickly, the...
Shell’s Prelude LNG facility to be hit with industrial action from Friday
Date: June 9, 2022
By Sonali Paul MELBOURNE (Reuters) – Workers on Shell Plc’s Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday. Shell did not comment on what impact the mix of short work stoppages and...
Marketmind: Hey ECB, how high will you go?
Date: June 9, 2022
A look at the day ahead in markets from Dhara Ranasinghe. There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for the first time since 2011 to contain record high inflation. Can we move on then?...
U.S. unveils new Latin America economic plan at reboot summit dogged by dissent
Date: June 8, 2022
By Humeyra Pamuk, Matt Spetalnick and Dave Graham LOS ANGELES (Reuters) -The Biden administration unveiled a new proposed U.S. economic partnership with Latin America on Wednesday as regional leaders gathered for a summit in Los Angeles whose agenda has been undermined by discord over the guest list. Seeking to counter China’s growing clout in the...
Oil jumps to 13-week high on rising U.S. gasoline demand
Date: June 8, 2022
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries, including Iran. Iran said it was removing two International Atomic Energy Agency...