Business

NEW YORK (Reuters) – Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback. Investors were encouraged by data showing Chinese exports rose 3.3% in July from a year earlier, beating an expected decline of 2%.
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LONDON (Reuters) – Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 7, 2019. REUTERS/Staff European markets followed Asia higher in early
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FRANKFURT (Reuters) – German chemical groups Bayer (BAYGn.DE) and Lanxess (LXSG.DE) have agreed to sell integrated chemical site operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) (MQG.AX) for an enterprise value of 3.5 billion euros ($3.9 billion). FILE PHOTO: The headquarters of chemicals maker Lanxess are seen in Cologne, Germany November 15, 2018. REUTERS/Wolfgang
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WASHINGTON (Reuters) – U.S. services sector activity slowed in July as new orders dropped to their lowest level in three years, suggesting the economy lost further momentum early in the third quarter. FILE PHOTO: Shoppers ride escalators at the Beverly Center mall in Los Angeles, California November 8, 2013. REUTERS/David McNew/File Photo The report from
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FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks during the Saudi-India Forum in New Delhi, India, February 20, 2018. REUTERS/Anushree Fadnavis/File Photo CAIRO (Reuters) – Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020,
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(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett. Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most
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(Reuters) – The U.S. Federal Trade Commission is investigating whether Facebook Inc acquisitions were aimed at buying up potential rivals before they could become a threat to the social media company, the Wall Street Journal reported on Thursday, citing people familiar with the matter. FILE PHOTO: Federal Trade Commission (FTC) Chairman Joe Simons announces that
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FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File Photo (Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) on Thursday reported a 9% rise in quarterly sales compared to the same period a year ago, while also raising its forecasts for the
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FILE PHOTO: A woman uses a cash machine at a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett/File Photo LONDON (Reuters) – Britain’s biggest mortgage lender Lloyds Banking Group (LLOY.L) posted weaker-than-expected pretax profits on Wednesday, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance
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BERLIN (Reuters) – German airline Lufthansa (LHAG.DE) on Tuesday posted a decline in second-quarter earnings, hurt by price competition on short-haul routes and rising fuel costs, adding the European market would likely remain challenging until at least the year’s end. Planes of German air carrier Lufthansa are seen at Germany’s largest airport, Fraport, in Frankfurt,
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WASHINGTON (Reuters) – General Motors Co (GM.N) is bracing for attacks from Democratic presidential candidates at two debates that begin on Tuesday in Detroit near its headquarters. FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo The largest U.S. automaker preemptively released two fact sheets on
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