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German court rejects shareholders’ bid for more of Wirecard insolvency spoils

KARLSRUHE, Germany (Reuters) -A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm's remaining assets. The company collapsed in 2022 in the country's biggest post-war fraud after conceding that 1.9 billion euros ...
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Exclusive-China’s securities regulatory chief seeks approval to step down, sources say

(Reuters) -China's securities watchdog chief, Wu Qing, has sought approval to step down, sources with knowledge of the matter said, in what would be an abrupt and unexpected exit for a regulatory head brought in last year to stabilise the country's stock markets. Wu, who ...
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With markets underpricing risk, Europe must not ease bank regulation, ECB argues

FRANKFURT (Reuters) -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's viability in the longer run, ECB supervisory chief Claudia Buch said on Thursday. U.S. officials are working on ...
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UK growth slows down to a crawl in Q3 ahead of crucial budget

LONDON (AP) - Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year, official figures showed Thursday, in what is a blow to the British government less than two weeks ahead of a crucial budget that ...
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Google hit with EU antitrust investigation into its spam policy

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the U.S. tech giant at risk of yet another hefty fine. Google ...
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US futures muted as traders await data after federal reopen

(Reuters) -Wall Street futures were subdued on Thursday as investors awaited indications on the U.S. economy and the monetary policy path after President Donald Trump signed a bill ending the longest government shutdown in the country's history. At 5:25 a.m. ET, Dow E-minis were up ...
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Toyota to recall over 126,000 US vehicles over engine stall risk

(Reuters) -Toyota is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday. NHTSA said the remedy is under development and will be performed once available.(Reporting ...
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US proposal to halve biosimilar development costs for India’s Biocon, top exec says

By Rishika Sadam (Reuters) -India's Biocon expects a 50% drop in costs for developing complex biosimilars as the United States has proposed to ease clinical testing for the drugs that make up more than 60% of its revenue, a top executive said on Wednesday. Biosimilars are ...
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Analysis-How the yen tripped up investors…again

By Rae Wee and Ankur Banerjee SINGAPORE (Reuters) -Investors laid a record wager on Japan's yen rising to take advantage of a long-overdue economic revival that coincided with expectations for a U.S. slowdown. Instead, what's unfolded is a cautionary tale of the Trump era. The yen ...
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Holiday test looms as luxury brands chase elusive rebound

By Mimosa Spencer PARIS (Reuters) -A surge in luxury stocks has piled pressure on fashion houses including LVMH and Gucci owner Kering to show that signs of recovery in the third quarter can translate into a sustained turnaround in the key holiday season. Kering's shares have ...
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Cisco Systems shares rise in Europe after forecasts upgrade

(Reuters) -Cisco Systems shares were up over 8% in early Frankfurt trading on Thursday, after the company raised full-year forecasts for profit and revenue. Cisco is betting on robust demand for its networking equipment driven by multi-billion-dollar data centre expansions amid the artificial intelligence boom. ...
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Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists

(Corrects time period to nine-month from first-half in headline, paragraph 1) FRANKFURT (Reuters) -German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings ...
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