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China’s July factory output, retail sales growth slump in blow to economic momentum

BEIJING (Reuters) -China’s factory output growth slumped to an eight month low in July, while retail sales also slowed sharply, reinforcing the challenge confronting policymakers as they strive to shore up an economy in the face of soft demand at home and external risks. The ...
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China’s property investment falls 12% y/y in January-July

BEIJING (Reuters) -Property investment in China declined 12.0% in the first seven months of the year from the same period last year, after dropping 11.2% in the first half, official data showed on Friday. Property sales by floor area fell 4.0% year-on-year, compared with ...
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China’s new home prices fall 0.3% in July

BEIJING (Reuters) -China’s new home prices fell 0.3% in July from the previous month, official data showed on Friday, as demand remained muted despite more local governments rolling out incentives for homebuying. The month-on-month figure, calculated by Reuters based on data released by the ...
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Dollar steadies as hot wholesale inflation data tempers rate cut fervour

By Jaspreet Kalra Singapore (Reuters) -The dollar held on to previous session gains on Friday after hotter than expected inflation data prompted traders to trim wagers on rate cuts by the U.S. Federal Reserve. The euro and sterling were steady against the dollar after ...
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Oil maintains gains ahead of Trump-Putin summit

(Reuters) -Oil prices nudged higher on Friday to fresh one-week highs after U.S. President Donald Trump warned of “consequences” if Russia blocked a Ukraine peace deal, injecting concerns about supply. Sentiment was also boosted by strong economic data out of Japan, which is among the ...
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Saudi Arabia, Chile to resume poultry imports from Brazil, memos say

(Refiles to fix headline to say “memos” in the plural) By Ana Mano SAO PAULO (Reuters) -Saudi Arabia has lifted a ban on poultry imports from Brazil’s southernmost state of Rio Grande do Sul, where an outbreak of bird flu was reported on a commercial poultry ...
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Kenvue attracts share purchase by activist investor Sachem Head

By Svea Herbst-Bayliss NEW YORK (Reuters) -Band-Aid and Tylenol maker Kenvue attracted the attention of another activist investor in the second quarter, with Sachem Head Capital Management reporting that it bought into the stock. Sachem, run by Scott Ferguson, said in a regulatory filing on Thursday ...
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Japan’s economy expands annualised 1.0% in April-June

TOKYO (Reuters) -Japan’s economy expanded an annualised 1.0% in the April-June quarter, government data showed on Friday, compared with a median market forecast for a 0.4% increase. The rise in gross domestic product (GDP) translated into a quarterly increase of 0.3%, compared with a median ...
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Hedge funds shift bets to double down on Big Tech amid AI boom

By Anirban Sen and Carolina Mandl NEW YORK (Reuters) -Wall Street’s largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence. During the ...
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Activist Starboard buys more Salesforce stock after first demanding change in 2022

By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist Starboard Value, one of the first investors to publicly push Salesforce to make changes three years ago, increased its stake in the U.S. software company by almost 50% in the second quarter, according to a regulatory filing on ...
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Australian lender ANZ reports third-quarter rise in deposits, loans

(Reuters) -Australia’s ANZ Group said on Friday its customer deposits and net loans and advances rose in the third quarter, while credit risk-weighted assets edged higher due to growth in home lending at its domestic retail division. ANZ, Australia’s fourth-largest bank in terms of market ...
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Taylor Swift’s chat with the Kelces on ‘New Heights’ marks a milestone moment for podcasts

Since nothing Taylor Swift ever does is small, her two-hour conversation with boyfriend Travis Kelce and his brother Jason Kelce on their “New Heights” podcast is a watershed moment for a media format that has already outlived the device it was named for. By Thursday ...
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