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China’s private REITs offer new funding path for property firms

By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China's nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, ...
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Intuit expects quarterly revenue growth above estimates on strong financial tools demand

(Reuters) -Intuit forecast second-quarter revenue growth above Wall Street estimates on Thursday, a sign of growing demand for its artificial intelligence-powered financial management tools. The company, which offers products such as tax-preparation software TurboTax, finance portal Credit Karma and accounting tool QuickBooks, is benefiting as ...
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Fed’s Goolsbee uneasy about rate cuts, says nothing wrong with dissenting

By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that's steady at best and by some measures getting worse, remarks that signal a reluctance to support a third ...
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Communities of slave descendants in Brazil demand recognition of territories

BELEM, Brazil (AP) - Zaqueu Belém Araújo cuts a leaf from an acai tree and skillfully folds and twists it, tying one end to the other to form a strong ring. He takes off his sandals, puts his bare feet into the palm ring ...
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US lawmakers target Chinese chipmaking equipment imports by CHIPS Act grant recipients

By Max A. Cherney PHOENIX (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday in the House that would block the purchase of Chinese chipmaking equipment by CHIPS Act grant recipients for 10 years. The bill targets a range of chipmaking tools from ...
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Bubble fears ease but investors still waiting for AI to live up to its promise

Fears about the artificial intelligence boom turning into an overblown bubble have evaporated for now, thanks to a stellar earnings report from Nvidia that illustrated why its indispensable chips transformed it into the world's most valuable company. But that doesn't mean the specter of an ...
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Senate reversal of Biden policy that blocked Wyoming coal mining heads to Trump

FORT COLLINS, Colo. (AP) - A Senate vote Thursday would restore mining industry access to government-owned coal in the most productive U.S. region, a policy reversal from President Joe Biden that is likely to get President Donald Trump's signature. The bill for the Powder River ...
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Morgan Stanley drops call for December Fed rate cut after strong jobs data

(Reuters) -Morgan Stanley on Thursday scrapped its forecast that the U.S. Federal Reserve would cut interest rates by a quarter-point at its December meeting after a firm September jobs report showed signs of a resilient economy. Non-farm payrolls increased by 119,000 jobs after a downwardly ...
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Central Bancompany valued at $5.26 billion in underwhelming Nasdaq debut

(Reuters) -Central Bancompany shares rose 5% in their debut on the Nasdaq on Thursday, giving the U.S. bank a valuation of $5.26 billion. The company's shares opened at $22.06, above its IPO price of $21 apiece at which it raised $373.33 million by selling ...
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Cracker Barrel shareholders vote to keep CEO despite logo debacle

Cracker Barrel shareholders voted Thursday to keep company CEO Julie Felss Masino in place despite a debacle over the company's logo that continues to hurt its sales. But one of the company's directors, Gilbert Davila, resigned from Cracker Barrel's board Thursday after preliminary results indicated ...
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Lucid launches cheaper variant of Gravity electric SUV to broaden appeal

(Reuters) -Lucid Group on Thursday launched a cheaper variant of its Gravity SUV with a starting price of $79,900, as the luxury electric-vehicle maker seeks to reach a broader audience amid slowing EV sales in United States. The Gravity Touring, offers up to 337 miles ...
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UN secretary general urges nations at climate talks to be flexible to get results

BELEM, Brazil (AP) - U.N. Secretary-General António Guterres on Thursday called for countries at climate talks in Brazil to compromise and "show willingness and flexibility to deliver results," even if they fall short of the strongest measures some nations want. "We are down to the ...
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