Business

NUSA DUA, Indonesia (Reuters) – The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. United States Secretary of the Treasury Steven Mnuchin speaks during an interview with Reuters at
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NEW YORK (Reuters) – Walmart Inc (WMT.N) has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel- focused acquisition in less than two weeks as the world’s biggest retailer seeks deeper inroads into the online fashion space. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike
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(Reuters) – Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff. In its sixth consecutive day of declines, the S&P closed down 2.1 percent after shedding 3 percent
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LONDON (Reuters) – Proxy advisory firm Glass Lewis had recommended shareholders vote for Unilever’s (ULVR.L) (UNc.AS) proposed move to the Netherlands before the plan was scrapped last week. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File Photo Unilever pulled the
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SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration The Pakistani rupee
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LONDON (Reuters) – Britain has sought additional reassurances from cable company Comcast (CMCSA.O) over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky (SKYB.L). The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake “I’ve left them in
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PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a debate at the RAI state television headquarters in Rome, Italy November 10, 2017. REUTERS/Remo Casilli
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WASHINGTON (Reuters) – Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis. Senator Heidi Heitkamp (D-ND) walks at the U.S. Capitol in Washington, U.S., August 22, 2018. REUTERS/Joshua Roberts Commercial banks have
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COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S. criminal investigation into its Estonian branch. General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen Morten
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(Reuters) – U.S. stock index futures briefly turned positive on Friday after a U.S. Labor Department report showed job growth slowed sharply in September, while a steady rise in wages suggested moderate inflation pressures, easing concerns about the economy overheating. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in
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NEW YORK (Reuters) – U.S stocks ended sharply lower on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September
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SYDNEY (Reuters) – The dollar notched an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Asian stocks were pressured as borrowing costs rose at home. Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock
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