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Stocks extend bear market bounce as inflation angst eases

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global …

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EXCLUSIVE Nike to make full exit from Russia

EXCLUSIVE Nike to make full exit from Russia

PARIS/COPENHAGEN/LONDON, June 23 (Reuters) – Nike (NKE.N) is making a full exit from Russia three months after suspending its operations there, the US sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated …

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Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks …

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Crypto industry fears contagion as bitcoin slips under $20,000

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Ethereum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above …

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BOJ maintains ultra-low rates, warns against sharp yen falls

BOJ maintains ultra-low rates, warns against sharp yen falls

BOJ keeps interest rate targets unchanged Gov Kuroda rules out near-term rate hike Kuroda says yen’s sharp fall undesirable, bad for economy BOJ ramps up efforts to defend 0.25% yield cap TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and vowed to defend its cap on bond yields …

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Week of rate hikes has stocks on course for steepest slide since 2020

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland set …

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EXCLUSIVE Disney/Pixar's 'Lightyear,' with same-sex couple, will not play in 14 countries;  China in question

EXCLUSIVE Disney/Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question

LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world’s largest movie market. A “Lightyear” producer told Reuters …

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Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald’s restaurants

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s (MCD.N) restaurants flung open their doors …

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Tesla to seek investor approval for 3-for-1 stock split

Tesla to seek investor approval for 3-for-1 stock split

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. The company …

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Freeport LNG plant blast adds to strain on global supplies

Freeport LNG plant blast adds to strain on global supplies

HOUSTON, June 9 (Reuters) – Freeport LNG, operator of one of the largest US export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility, raising the risk of shortages especially in Europe. Freeport LNG, which provides around 20% of US LNG processing, …

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