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Dollar takes a breather ahead of Fed

SINGAPORE, Dec 3 (Reuters) - The dollar was becalmed on Wednesday, as other assets hogged the limelight, though investors looking ahead to 2026 were starting to position for U.S. rate cuts to weigh on the greenback. In morning trade, the Australian dollar touched a three-week ...
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Stocks rise as slide in bitcoin, global bonds hit pause

By Rae Wee SINGAPORE, Dec 3 (Reuters) - Asia shares were on steadier footing on Wednesday, helped by an overnight rebound on Wall Street as a brief selloff in global bond markets and cryptocurrencies abated. Bitcoin reclaimed the $90,000 level while Nasdaq and S&P 500 futures ...
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China’s services growth slips to 5-month low in November, private PMI shows

By Liangping Gao and Ryan Woo BEIJING, Dec 3 (Reuters) - China's services activity expanded at its slowest pace in five months in November, as growth in new orders softened despite a boost from foreign demand, according to a private survey released on Wednesday. The RatingDog ...
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Airbus prepares A320 inspections as fuselage flaw hits deliveries

By Tim Hepher and Allison Lampert PARIS, Dec 3 (Reuters) - Airbus engineers have found defects on a wider set of A320 fuselage panels as they prepare to inspect hundreds of jets for a flaw that the company's chief executive says is hurting deliveries. A presentation ...
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Oil prices fall on weak demand as markets await Ukraine peace effort for supply signs

By Katya Golubkova TOKYO, Dec 3 (Reuters) - Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories. Brent ...
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Baldwin strikes $1 billion deal for rival insurance broker CAC Group

Dec 2 (Reuters) - The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance brokers have looked past bolt-on acquisitions ...
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US Postal Service using 2,600 EVs for mail deliveries

By David Shepardson WASHINGTON, Dec 2 - The U.S. Postal Service is currently using more than 2,600 electric vehicles for mail deliveries, the agency said in a letter to Congress reviewed by Reuters on Tuesday. In 2023, Congress gave USPS $3 billion under then President Joe ...
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Exclusive-More US soybean shipments to China due to load through mid-December

By Karl Plume CHICAGO, Dec 2 (Reuters) - Shipments of U.S. crops to China are accelerating after a tense tariff war had stalled trade for months, with at least six bulk cargo vessels scheduled to load with soybeans at Gulf Coast terminals through mid-December, according ...
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Unilever-backed audit finds deficiencies in financial controls, governance at Ben & Jerry’s Foundation

(Corrects typo in paragraph 10, replacing word with "renowned") By Jessica DiNapoli and Alexander Marrow NEW YORK, Dec 2 (Reuters) - An audit of the Ben & Jerry's Foundation, a U.S.-based non-profit solely funded by the brand, found that it had deficiencies in financial controls ...
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Costco becomes biggest company yet to demand refund of Trump tariffs

WASHINGTON (AP) - Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid. The specialized U.S. Court of International Trade ...
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JPMorgan hires two senior bankers to expand mid-cap investment banking

By Abigail Summerville Dec 2 (Reuters) - JPMorgan Chase on Tuesday hired two new managing directors, R. Sean Daugherty and Robert Rosenfeld, to strengthen its North America mid-cap mergers and acquisitions team, according to a memo seen by Reuters. THE CONTEXT * They ...
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EMJ’s Jackson aims to take volatility out of crypto

By Karen Brettell Dec 2 (Reuters) - With bitcoin trading well below its recent highs, hedge fund manager and activist investor Eric Jackson is betting that investors will still want exposure to crypto - just with less pain on the way down. Jackson's firm EMJ Capital ...
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