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India’s LTIMindtree betting big on new AI unit, CEO says

By Haripriya Suresh BENGALURU (Reuters) -LTIMindtree is doubling down on AI with investments in a newly-launched platform that helps companies adopt the technology, its top boss said, as India’s $283-billion IT industry faces broader cuts in non-essential spending by clients. The business, BlueVerse, launched in June, ...
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Fed poised to cut rates this week, with more easing likely on tap

(Reuters) -Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs  this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market. Odds are it won’t be the ...
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Countdown to Fed cut: Bond investors scale back on longer-dated Treasuries

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are re-examining their holdings of longer-dated Treasuries, with some reducing positions and others even going short relative to their benchmark, as the Federal Reserve prepares to cut interest rates by another quarter percentage point on Wednesday. Many bond ...
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Big Tech to report earnings under specter of AI bubble

By Aditya Soni (Reuters) -As America’s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble? Microsoft, Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk ...
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Putin’s investment envoy Dmitriev continues talks with US officials

MOSCOW (Reuters) -Russian President Vladimir Putin’s special envoy for investment and economic cooperation, Kirill Dmitriev, said on Sunday that he had continued talks with representatives of President Donald Trump’s administration in the United States. Dmitriev told Reuters on Oct. 24 that he was in ...
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Novartis nears deal to acquire Avidity Biosciences for over $70 per share, Bloomberg News reports

(Reuters) -Novartis AG is close to acquiring U.S. biotech Avidity Biosciences for more than $70 per share, Bloomberg News reported, citing a person familiar with the matter who said an announcement could come as early as Sunday. Novartis and Avidity did not immediately respond to ...
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Bessent says China to delay rare earths rules by a year, buy U.S. soybeans

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of U.S. soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it after two days ...
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Trump inks U.S. deals on trade, critical minerals with Southeast Asian partners

KUALA LUMPUR (Reuters) -U.S. President Donald Trump signed a flurry of deals on trade and critical minerals with three Southeast Asian partners on Sunday, as Washington looked to address trade imbalances and diversify supply chains amid tighter export curbs on rare earths by China. ...
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US, Vietnam agree to boost trade, tariffs on some Vietnamese goods may be removed

By Khanh Vu and Mikhail Flores HANOI/KUALA LUMPUR (Reuters) – The United States and Vietnam will finalise a trade agreement in the coming weeks that will maintain 20% tariffs on most Vietnamese goods but lift duties on certain products that will ...
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American Airlines to resume flights to Israel amid Gaza ceasefire

By Steven Scheer JERUSALEM (Reuters) -American Airlines said on Sunday it would resume flights to Israel in March, after the U.S. carrier halted the New York JFK to Tel Aviv route following Hamas’ October 7, 2023 attack that triggered the two-year war in Gaza. American said ...
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Bessent says US, China reach framework deal on rare earths, Trump’s tariff threat -NBC interview

(Reuters) -U.S. Treasury Secretary Scott Bessent said on Sunday he has reached a “very substantial framework” with Chinese Vice Premier He Lifeng that will avoid 100% U.S. tariffs on Chinese goods and achieve a deferral of China’s rare earths export controls. Bessent said during the ...
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Thailand, US reach framework agreement on trade

(Reuters) -The United States and Thailand on Sunday announced a framework for reciprocal trade that would see the U.S. maintain a 19% tariff on Thai products while identifying products where tariffs could potentially be adjusted or cut to zero. Thailand would in turn eliminate tariff ...
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