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Elliott exited Twitter during second quarter amid takeover frenzy, filings show
By Svea Herbst-Bayliss BOSTON (Reuters) - Elliott Management, the hedge fund that pushed for big changes at Twitter two years ago, exited the stock during the second quarter, soon after Elon Musk anno...
Syndicated Content Aug 15, 2022
Philippines central bank to hike by 50 bps on Thursday, catching up with peers: Reuters poll
By Devayani Sathyan (Reuters) - The Philippine central bank will follow its surprise July rate hike with a half-point point rise on Thursday and another quarter-point increase in September to catch up...
Syndicated Content Aug 15, 2022
‘Tepid’ demand for U.S. sustainable funds in July, report says
By Cole Horton (Reuters) - Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and ETFs, resear...
Syndicated Content Aug 15, 2022
Tiger Global slashes portfolio amid losses
By Carolina Mandl NEW YORK (Reuters) -Investment firm Tiger Global Management, which lost billions of dollars in this year's technology meltdown, slashed or completely exited most of its holdings in t...
Syndicated Content Aug 15, 2022
James Hardie lowers annual profit forecast on inflation hit
By Riya Sharma (Reuters) -James Hardie cut its annual profit forecast on Tuesday, marking a dramatic shift in stance from the world's top fibre cement maker as soaring operating costs and a cooling pr...
Syndicated Content Aug 15, 2022
Dollar firm vs Aussie, euro on heightened recession worries
By Kevin Buckland SINGAPORE/TOKYO/HONG KONG (Reuters) -The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global...
Syndicated Content Aug 15, 2022
Oil prices fall as recessionary worries weigh on demand outlook
By Stephanie Kelly (Reuters) - Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about ...
Syndicated Content Aug 15, 2022
Inflation, labour shortages to delay recovery in business travel spending -industry forecast
(Reuters) - A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour s...
Syndicated Content Aug 15, 2022
Korea Inc’s foreign labour crunch puts older workers back in factories
By Cynthia Kim SEOUL (Reuters) - When Hwang Kwang-jo's factory in Seoul faced a staffing crunch earlier this year after the departure of Nepalese workers and younger locals, he hired a 61-year-old to ...
Syndicated Content Aug 15, 2022
Stellantis plans a profitable goodbye for combustion muscle cars
By Joseph White DETROIT (Reuters) - Stellantis NV's Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and Charger muscle cars, which are scheduled t...
Syndicated Content Aug 15, 2022
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