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Day of strikes in France challenges new prime minister’s budget plans

PARIS (AP) — Strikes and street demonstrations called by all major trade unions to denounce budget cuts were expected Thursday across France, as new Prime Minister Sébastien Lecornu talks with political opponents about curbing France’s massive deficit and debt. Unions are urging Lecornu to abandon ...
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Morning Bid: There are Fed weeks where decades happen

A look at the day ahead in European and global markets from Gregor Stuart Hunter: As Vladimir Lenin had it, just as there are decades where nothing happens, there are weeks where decades happen. The same is broadly true in central banking, with this one ...
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BOJ may raise rates in October even if Takaichi wins leadership race, says ex-central bank official

By Leika Kihara TOKYO (Reuters) -The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling party’s leadership race and becomes the next premier, former central bank executive Tomoyuki Shimoda said on Thursday. Seen ...
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Mexico’s Femsa appoints Jose Antonio Fernandez Garza-Laguera as CEO

(Reuters) – Mexican bottler and retailer Femsa on Wednesday appointed Jose Antonio Fernandez Garza-Laguera as the new chief executive officer, starting on November 1. Garza-Laguera, who will replace the interim CEO Antonio Fernandez Carbajal, is currently the CEO of Femsa ...
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Will mortgage rates drop further after the Fed’s rate cut? Not necessarily

LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it. As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rate twice more ...
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Canada’s Carney heads to Mexico to discuss trade before a review of their US trade deal

TORONTO (AP) — Canadian Prime Minister Mark Carney heads to Mexico on Thursday in an effort to diversify trade as America’s neighbors brace for a review of the free trade deal with United States. The United States-Mexico-Canada trade pact, or USMCA, is up for review ...
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Australia employment unexpectedly falls in August, jobless rate steady

SYDNEY (Reuters) – Australian employment unexpectedly fell in August as full-time positions dropped back after a sharp rise in the previous month, while the jobless rate held steady in a sign the labour market was slowly softening. The Australian dollar slipped ...
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Spirit to slash flight capacity by 25% and cut jobs, memo says

(Reuters) -Spirit Airlines is set to cut jobs as the airline plans to reduce capacity by 25% year-on-year in November, according to a memo seen by Reuters on Wednesday, deepening woes for the low-budget carrier. The cut by the airlines aims to “optimize our ...
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US FTC wins key rulings against Amazon ahead of trial on Prime signups

WASHINGTON (Reuters) -A judge ruled for the U.S. Federal Trade Commission and against Amazon on several key issues ahead of a trial next week on the agency’s claims that the retail giant’s Prime subscription practices violated consumer protection law.(Reporting by Kanishka Singh in ...
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SiTime releases new chip aimed at wearable gadgets 

By Stephen Nellis SANTA CLARA, California (Reuters) -SiTime on Wednesday released a new chip aimed at helping it enter a $4 billion market and land customers in wearable electronic devices. The small Santa Clara, California-based chip company, which had just over $200 million in sales last ...
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Top global meatpacker JBS prepares for drop in cattle for slaughter in 2026

By Roberto Samora SAO PAULO (Reuters) – Brazilian meatpacker JBS is prepared for a likely shift in the country’s cattle cycle that could lead to reduced availability of animals for slaughter next year, an executive said on Wednesday. WHY IT’S IMPORTANT JBS is ...
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SEC paves way for crypto spot ETFs with new listing rules

By Suzanne McGee (Reuters) -The Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three national securities exchanges, enabling them to adopt generic listing standards for new cryptocurrency and other spot commodity exchange-traded products. The commission vote removes the last remaining hurdle ...
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