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Mercuria’s copper grab from LME Asia intensifies supply angst

By Pratima Desai LONDON, Dec 4 (Reuters) - Commodity trader Mercuria has given notice of its plans to take significant amounts of copper from London Metal Exchange warehouses in Asia, four sources familiar with the matter said, as prices rise on expectations of short supplies. Anticipated ...
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Tariffs catch up to resurgent Build-A-Bear, overshadowing financial performance

A strong quarter at Build-A-Bear Workshop in a bounce back year for the retailer was overshadowed by the growing weight of tariffs in an ongoing trade war waged by President Donald Trump. The mall staple was able to get ahead of tariff impacts during the ...
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US okays transactions with Lukoil gas stations outside Russia through late April

WASHINGTON, Dec 4 (Reuters) - The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company's revenues play in supporting Moscow's war in Ukraine. The ...
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AMC Entertainment CEO remains in charge of world’s largest theater chain after stroke

WASHINGTON (AP) - AMC Entertainment CEO Adam Aron suffered a minor stroke last month but is recovering rapidly and will continue to lead the world's biggest movie theater chain, the company said Thursday. Aron, 71, suffered the stroke while on a business trip in ...
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Succession at LVMH? We don’t talk about it, says Arnault’s wife 

PARIS, Dec 4 - Succession plans at luxury giant LVMH are seldom discussed within the controlling Arnault family, according to remarks by CEO Bernard Arnault's wife published in France's Liberation newspaper on Thursday. In corporate Europe, questions have long swirled around who will succeed France's ...
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Paramount accuses Warner Bros Discovery of unfair sale process, CNBC reports

Dec 4 (Reuters) - Paramount Skydance has accused Warner Bros Discovery of running an unfair sale process that favors Netflix over other bidders, CNBC reported on Thursday, citing a letter sent by the newly merged media company. Warner Bros Discovery reportedly received sweetened offers ...
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US minerals projects seek more support from Washington to compete with China

NEW YORK, Dec 4 (Reuters) - Washington must speed up permitting and financing for projects to offset China's broad sway over the world's supply of the minerals used to build electronics, weapons and a range of other goods, three U.S. mining and refining executives ...
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Spot crypto products to begin trading on CFTC-registered exchanges

Dec 4 (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday that spot crypto asset contracts will begin trading for the first time on futures exchanges registered with the agency. The move, first hinted at in August is another effort by ...
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Average US long-term mortgage rate falls to 6.19%, near its low for the year

The average rate on a 30-year U.S. mortgage fell again this week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19% from 6.23% last week, mortgage buyer Freddie Mac said Thursday. A year ago, ...
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Chicago Fed sees November unemployment rate steady at 4.4% as alternate data shows job losses

By Howard Schneider WASHINGTON, Dec 4 (Reuters) - The U.S. unemployment rate was unchanged around 4.4% in November, the Chicago Federal Reserve estimated on Thursday, while closely watched data from a private provider added to the evidence that the U.S. labor market is slowly weakening. ...
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Economists double down on December Fed cut despite policymaker divide: Reuters Poll

By Sarupya Ganguly BENGALURU, Dec 4 (Reuters) - The U.S. Federal Reserve will reduce its key interest rate by a quarter-percentage point at the December 9-10 policy meeting to support a cooling labour market, according to a majority of over 100 economists surveyed by Reuters. That ...
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US filings for jobless benefits fall to 191,000, lowest since September of 2022

WASHINGTON (AP) - U.S. applications for unemployment benefits fell to their lowest level in more than three years last week, potentially complicating the Federal Reserve's upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell ...
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