By Johann M Cherian and Noel Randewich (Reuters) -The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflatio[...]
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August 26, 2024
UK shop prices dip for first time in nearly 3 years, survey shows
(Reuters) – British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday. The[...]
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UN warns Libya faces economic collapse amid central bank crisis
By Ayman Werfali, Adam Makary and Enas Alashray TRIPOLI (Reuters) – The United Nations Support Mission in Libya (UNSMIL) issued a statement late on Monday expressing deep concern “over the[...]
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Morning Bid: Tiptoeing nervously along US rate path
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. World markets are entering a period of nervous uncertainty as investors try to determine whether upcoming U.S. interest ra[...]
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Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil[...]
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Safe-haven yen, US dollar rally on escalating Middle East tension
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rallied from an eight-month low on Monday, while the yen rose against most currencies, as geopolitical tension in the Middle East intens[...]
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TSX posts record high on rotation into commodity-linked shares
By Fergal Smith (Reuters) -Canada’s main stock rose to an all-time high on Monday as a jump in oil prices boosted energy shares, and ahead of quarterly earnings this week from five of Canada[...]
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US industry seeks easing of steep Biden-Harris China tariff hikes
By David Lawder WASHINGTON (Reuters) – The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if[...]
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Fed most likely to cut rates by quarter percentage point next month, Daly says
By Ann Saphir (Reuters) – San Francisco Federal Reserve President Mary Daly on Monday said “the time is upon us” to cut interest rates, likely starting with a quarter-percentage poin[...]
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