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Oil prices fall on demand concerns but head for weekly gain

(Reuters) -Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand as the end of summer nears in the United States, the world’s biggest consumer, and uncertainty about the availability of Russian supply. Brent crude futures ...
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Factbox-Key changes at Singapore’s Temasek over the past two decades

By Yantoultra Ngui and Ankur Banerjee SINGAPORE (Reuters) -Singapore’s state investment company Temasek announced on Thursday a major reorganisation of its operations, marking one of the most significant structural shifts in its 51-year history. Following are some of the key changes at Temasek before Thursday’s ...
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Asia upbeat on Wall St boost as markets await US inflation data

By Rae Wee SINGAPORE (Reuters) -Asian stocks edged higher on Friday, riding a tech-driven rally on Wall Street, with investor focus now turning to a key U.S. inflation reading due later in the day for further clues on the Federal Reserve’s rate outlook. The results from ...
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Musk seeks dismissal of SEC’s lawsuit regarding his 2022 Twitter stake

(Reuters) -Billionaire Elon Musk on Thursday filed a motion to dismiss the U.S. Securities and Exchange Commission’s civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in Twitter. Musk later renamed the social media company X after buying ...
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Former Indian central bank governor Urjit Patel appointed IMF executive director

(Reuters) -Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday. Patel has been appointed for a period of three years. He took over as the RBI governor from ...
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US low-value package tariff exemption ends, raising costs for shippers, consumers

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike. The U.S. Customs and Border Protection (CBP) ...
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Australia’s Star Entertainment reports narrower annual loss

-Australia’s Star Entertainment reported a narrower annual loss on Friday, helped by a reduced one-off cost, even as remediation costs and subdued patron spending continued to weigh on its performance. The casino operator reported a statutory net loss after tax of A$471.5 million ($306.38 million) ...
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Frontier Air chairman said to meet with Spirit Air executives, Bloomberg News reports

(Reuters) -Spirit Aviation has engaged rival Frontier Group in high-level talks about the carrier’s ongoing efforts to chart a path forward less than six months after emerging from bankruptcy, Bloomberg News reported on Thursday. Spirit Chairman Robert Milton met earlier this week with Frontier Chair ...
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Brazil starts formal process to assess US tariff retaliation, say sources

BRASILIA (Reuters) -Brazil’s Foreign Ministry ordered government trade body Camex on Thursday evening to start analyzing whether a local reciprocity law could be used against the United States, two sources familiar with the matter said. The law, passed earlier this year by Brazil’s Congress, establishes ...
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Ulta Beauty shines after annual forecast hike on steady demand, UK expansion

(Reuters) -Ulta Beauty raised its annual sales and profit forecast after topping quarterly sales estimates on Thursday, banking on steady demand for makeup and skincare brands at its stores as well as lower inventory losses. Shares of the company were up 6% in trading after ...
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Brazil’s VP Alckmin expects Mexico sector trade deals next year

By Kylie Madry MEXICO CITY (Reuters) -Brazil and Mexico plan to sign a deal for complementary trade agreements in August of next year, Brazil’s Vice President Geraldo Alckmin said on Thursday after a meeting with Mexican President Claudia Sheinbaum. Speaking at a press conference in Mexico ...
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SentinelOne raises annual revenue forecast on strong cybersecurity demand

(Reuters) -SentinelOne raised annual revenue forecast on Thursday, a sign of growing demand for the company’s cybersecurity tools, sending its shares surging around 9% in extended trading. The company’s artificial intelligence-powered Singularity platform ingests and analyzes security data in real time, automates threat detection and ...
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