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Hedge funds double down using near-record leverage in quest to boost returns

By Anirban Sen and Nell Mackenzie NEW YORK, Dec 3 (Reuters) - Hedge funds are using near-record levels of leverage to trade equities and betting on debt-backed strategies in efforts to juice returns, making the most of markets buoyed by a boom in artificial intelligence. Over ...
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Rio Tinto outlines plan to cut costs, raise productivity at strategy day

MELBOURNE, Dec 4 (Reuters) - Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday as he undertakes a divestment plan to simplify the structure of the world's largest iron ore ...
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Exxon to permanently shut one steam cracker in Singapore from March, sources say

By Trixie Yap SINGAPORE, Dec 4(Reuters) - ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid ...
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Turkey’s energy minister warns of threat to oil and gas supplies after tankers targeted

ISTANBUL (AP) - Turkey's energy minister issued a call for the supply of oil and gas in the Black Sea to be protected after three Russian tankers were targeted off the Turkish coast. Alparslan Bayraktar said Turkey was concerned not just by the threat to ...
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US private equity exit deals set for second year of recovery, PitchBook finds

By Isla Binnie NEW YORK, Dec 4 (Reuters) - Private equity firms in the United States are on track to cash out more of their investments this year than in 2024 in a welcome recovery for dealmaking, but transactions will need further bolstering to help ...
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Morning Bid: Day off for dollar debasement trade

A look at the day ahead in European and global markets from Gregor Stuart Hunter The greenback is getting a reprieve as monetary authorities in Asia's biggest economies signal discomfort with weakness in the U.S. currency, which hit a five-week low this week. The U.S. dollar ...
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IKEA opens its furthest store from Sweden in New Zealand

Dec 4 (Reuters) - IKEA opened its first store in New Zealand on Thursday, entering its 64th market and marking the furniture retailer's most distant outpost from its native Sweden. The long-awaited 34,000 square-metre (365,973 square foot) store at the Sylvia Park shopping centre in ...
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BOJ likely to raise rates in December, government to tolerate move, sources say

TOKYO, Dec 4 (Reuters) - The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said. The BOJ looks set to proceed with a hike in its ...
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One Tech Tip: Up your Christmas shopping game with AI tools

Shopping assistant chatbots were a novelty a year ago. Now, they're everywhere. After rolling out AI-powered assistants, online retailers and tech companies have been adding more artificial intelligence features to make online shopping easier and more convenient. The latest crop of AI-powered shopping services and ...
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Hong Kong residents and experts defend bamboo scaffolding after deadly fire

HONG KONG (AP) - Hong Kong residents, construction professionals and former senior officials are pushing back against the idea that bamboo scaffolding was a main reason flames spread so quickly in the city's deadliest blaze in decades, as a debate flares over whether it ...
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Asian shares are mixed after Wall Street pulls near its all-time high

MANILA, Philippines (AP) - Asian shares were mixed on Thursday after U.S. stocks rose to near their records. U.S. futures were little changed and oil prices advanced. Japan's Nikkei 225 index climbed 1.7% to 50,705.76 on expectations that the U.S. Federal Reserve will cut its main ...
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Hikvision challenges US decision to expand crackdown on Chinese telecom gear

WASHINGTON, Dec 3 (Reuters) - Chinese manufacturer Hikvision said on Wednesday its U.S. arm has challenged a new Federal Communications Commision rule that allows Washington to tighten rules on telecoms gear made by Chinese companies deemed security risks. In October, the U.S. telecoms regulator voted ...
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