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Global equity fund inflows cool on caution over tech sector selloff

(Reuters) -Global equity fund inflows dropped sharply in the week through August 20 on caution over a selloff in leading technology stocks, with the Federal Reserve Chair Jerome Powell’s upcoming speech at the annual Jackson Hole symposium this weekend, also adding to risk aversion. Investors ...
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As AI becomes part of everyday life, it brings a hidden climate cost

Marissa Loewen first started using artificial intelligence in 2014 as a project management tool. She has autism and ADHD and said it helped immensely with organizing her thoughts. “We try to use it conscientiously though because we do realize that there is an impact on ...
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European farmers facing higher costs after EU tariffs on Russian fertiliser imports

By Alexander Marrow LONDON (Reuters) -EU tariffs on Russian fertiliser imports that aim to cut funding for Moscow’s war in Ukraine have so far hit European farmers, raising costs and risking higher consumer prices while Russian companies say they can divert exports to other markets. “We’re ...
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JPMorgan agrees to pay Malaysia $330 million to settle 1MDB claims

By Rozanna Latiff KUALA LUMPUR/ZURICH (Reuters) – JPMorgan Chase will pay the Malaysian government $330 million to settle matters related to its role in the multibillion-dollar scandal at state fund 1MDB, both parties said on Friday. The settlement was announced as ...
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UBS lifts S&P 500 annual target to 6,600

(Reuters) -UBS Global Wealth Management has lifted its year-end target for the S&P 500 index to 6,600, citing corporate earnings strength, easing trade tensions and expectations of interest rate cuts. UBS had previously projected the benchmark index to hit 6,200 by the end of the ...
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U.S. sectors in spotlight ahead of Fed’s Jackson Hole gathering

By Shashwat Chauhan and Johann M Cherian (Reuters) -Wall Street will search for confirmation of a September interest rate cut when Federal Reserve Chair Jerome Powell speaks at the Jackson Hole symposium on Friday, a potentially pivotal moment for the market and rate-sensitive sectors in ...
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Morning Bid: Treasuries tighten as Fed hawks re-emerge

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As investors wait anxiously for Federal Reserve Chair Jerome Powell’s keynote speech at the Jackson Hole symposium today, the rates market is responding ...
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Exclusive-Banks lobby regulators for national standards to curb state influence, sources say

By Nupur Anand NEW YORK (Reuters) -U.S. banks are petitioning the Office of the Comptroller of the Currency to seek national standards for providing banking services that would override state-imposed rules, three sources familiar with the matter said.    Large banks, in particular, are lobbying ...
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Cenovus Energy to acquire MEG Energy for C$6.93 billion

(Reuters) -Canadian oil producer MEG Energy said on Friday it has agreed to be acquired by larger peer Cenovus Energy in a cash-and-stock deal worth C$6.93 billion, to create one of the largest oil sands companies in Canada. In May, Canadian oil and gas producer ...
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Analysis-Air Canada union’s defiance of Canadian government order could embolden workers  

By Promit Mukherjee and Allison Lampert OTTAWA (Reuters) -Canada’s government stepped in four times to aid seven companies last year, stopping strikes using an obscure Labour Code provision. A similar decree on Sunday failed, however, as Air Canada’s flight attendants refused to obey and stayed on ...
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With the White House watching, Fed’s Powell to hint yes or no on rate cuts

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -U.S. Federal Reserve Chair Jerome Powell’s speech to the annual Jackson Hole economic conference on Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ...
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US stock futures rise ahead of Powell’s Jackson Hole speech

By Shashwat Chauhan and Sanchayaita Roy (Reuters) -U.S. stock index futures edged higher on Friday, recovering slightly from the previous session’s losses as investors awaited Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for clues on the interest-rate path. At the Wyoming ...
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