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Boutique investment bank Fenchurch hires Barclays’ Chawla as US co-head, sources say

By David French NEW YORK (Reuters) -Fenchurch Advisory Partners, the boutique investment bank focused on the financial services industry, is hiring Gautam Chawla as co-head of its operations in the United States, people familiar with the matter said on Thursday. Chawla will join the firm in ...
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US pending home sales ease in July

WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, slipped 0.4% last ...
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Nippon Steel bets on $11 billion investment, tech transfer to lift U.S. Steel profit

By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Nippon Steel plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior ...
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Telecom issue halted arriving flights at Newark airport, FAA says

By David Shepardson (Reuters) -A telecom frequency outage prompted the Federal Aviation Administration Thursday to halt arriving flights at Newark Liberty International Airport for more than an hour, the latest tech issue to snarl flights at the airport near New York City. Flightradar24, a flight tracking ...
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Meta’s Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports

(Reuters) -Meta Platforms CEO Mark Zuckerberg had visited U.S. President Donald Trump last week to discuss the threat of digital service taxes, Bloomberg News reported on Thursday, citing people familiar with the private meeting. Days after the meeting, Trump threatened countries that have digital taxes ...
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IFC, BTG Pactual to invest up to $1 billion in Latin America sustainability

By Paula Laier SAO PAULO (Reuters) -Brazilian lender BTG Pactual and the World Bank’s private sector arm International Finance Corporation announced on Thursday up to $1 billion in joint investments on sustainability and development initiatives. WHY IT’S IMPORTANT Private sector engagement in sustainability has gained momentum globally, ...
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Atlanta Journal-Constitution to stop printing as it transitions to all-digital news

ATLANTA (AP) — The Atlanta Journal-Constitution will stop providing a print edition at the end of the year and go completely digital, marking a dramatic change for a storied newspaper that was founded just a few years after the end of the Civil War. ...
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Tesla sales plunge again in Europe as anger at Musk keeps buyers away for 7th month in a row

NEW YORK (AP) — Europeans angry at Elon Musk still aren’t buying his cars months after the billionaire predicted a “major rebound” in Tesla sales, data released Thursday shows. Tesla sales plunged 40% in July in the 27 European Union countries compared with the year ...
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Fed Governor Lisa Cook sues Trump over attempted ouster

Drew Angerer/Getty Images(WASHINGTON) -- Federal Reserve Governor Lisa Cook sued President Donald Trump on Thursday over his move to fire her, saying she should retain her position as a top policymaker at the central bank.The lawsuit, filed in U.S. District Court for the ...
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Phillips 66 to begin winding down Los Angeles-area refinery next week, sources say

NEW YORK (Reuters) -Phillips 66 will begin shuttering its 139,000 barrel-per-day (bpd) Los Angeles-area refinery in September, people familiar with the matter said. The Los Angeles-area refinery will begin winding down operations for permanent closure as early as next week, two sources said. Phillips 66 announced last ...
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EU to scrap tariffs on US goods to pave way for lower duties on cars

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission proposed on Thursday removing tariffs on imported U.S. industrial goods, part of a trade agreement with the United States that should result in retroactive cuts to U.S. tariffs on European cars. The proposals are the first EU step ...
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Average rate on a 30-year mortgage slips to 10-month low

The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it’s been in recent weeks. The long-term rate eased to 6.56% from 6.58% last week, mortgage buyer Freddie Mac said Thursday. A ...
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