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File photo: A teller sorts U.S. dollar banknotes inside the cashier's booth at a forex exchange bureau in downtown Nairobi, Kenya February 16, 2024.

Surging dollar set for weekly gain as US data, Fed push back on rate cuts

Rae Wee |Updated 4 minutes ago |3 min read

By Rae Wee SINGAPORE (Reuters) - The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected U.S. economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve ...

The logo of Paramount Pictures studios is pictured after the Writers Guild of America (WGA) said it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 24, 2023.

Sony, Apollo discuss joint bid for Paramount, says source

Dawn Chmielewski |Updated 5 minutes ago |2 min read

By Dawn Chmielewski (Reuters) - Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global, according to a person familiar with the matter. The companies have yet to approach Paramount, which ...

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019.

Oil prices ease on prospect of persistently high US interest rates

Laila Kearney |Updated 25 minutes ago |2 min read

By Laila Kearney NEW YORK (Reuters) - Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged off ...

A smartphone with a displayed TSMC (Taiwan Semiconductor Manufacturing Company) logo is placed on a computer motherboard in this illustration taken March 6, 2023.

TSMC's Taipei-listed shares drop 4% after Q1 results

Reuters |Updated 25 minutes ago |1 min read

TAIPEI (Reuters) - The Taipei-listed shares of Taiwan Semiconductor Manufacturing Co (TSMC) dropped more than 4% after opening on Friday following the company's first-quarter earnings results. The broader market was down around 1.9%. (Reporting ...

Visitors take photographs in front of the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019.

Hyundai pauses ads on X over brand safety issues

Reuters |Updated 35 minutes ago |1 min read

(Reuters) - South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter, and is speaking to the Elon Musk-owned social media platform directly about brand safety issues. It was not immediately clear why the ...

A view of a vegetable stand with prices at a supermarket in Tokyo, Japan, March 24, 2023.

Japan March core CPI rises 2.6% yr/yr

Reuters |Updated 4 minutes ago |1 min read

TOKYO, April 19 (Reuters) - Japan's core consumer prices rose 2.6% in March from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' ...

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019.

Fed's Bostic: open to a rate hike if inflation progress stalls

Reuters |Updated 2 hours ago |1 min read

(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that if inflation does not continue to move toward the U.S. central bank's 2% goal, as he expects it will, central bankers would need to consider an interest-rate ...

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Jabil places CEO Wilson on paid leave amid investigation

Reuters |Updated 2 hours ago |1 min read

(Reuters) - Jabil Inc has placed Chief Executive Officer Kenneth Wilson on a paid leave since April 15 pending completion of an investigation related to corporate policies, the electronic components maker said on Thursday. The company appointed ...

A PPG Industries precipitated silicas plant is pictured in West Lake, Louisiana, U.S., June 12, 2018.

Coatings maker PPG misses Q1 revenue estimates on lower sales volume

Reuters |Updated 3 hours ago |2 min read

(Reuters) - PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses. Quarterly net sales fell about 2% to $4.31 billion from a year earlier. Analysts had ...

Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024.

Morning Bid: Jitters heighten, financial conditions tighten

Jamie McGeever |Updated 3 hours ago |2 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets will hope to end a bruising week on a positive note on Friday, but fraying global sentiment and a reluctance to take on much risk ahead of the weekend amid ...

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