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Stocks rise on US rate cut hopes, yen still in intervention zone

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Thursday and the dollar was soft on growing expectations of an interest rate cut from the Federal Reserve next month, while the yen stayed in the spotlight, with traders weighing the prospect of a rate hike ...
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Oil prices drop on expectations of ceasefire in Ukraine unlocking Russian supply

By Yuka Obayashi TOKYO (Reuters) -Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the U.S. Thanksgiving holiday. Brent crude futures ...
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Analysis-NZ’s housing funk sows doubts on reliable investment strategy, drags on economy

By Lucy Craymer WELLINGTON (Reuters) -A dramatic boom-bust cycle in New Zealand's housing market has left many Kiwis and investors scarred and an economy struggling to fire, turning what was once a trusted strategy for creating wealth into a period of unease and potentially smaller ...
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Amazon wins injunction against New York labor law

NEW YORK (Reuters) -A federal judge on Wednesday granted Amazon.com a preliminary injunction to block the New York State Public Employment Relations Board from enforcing a new state law that the online retailer considers an attempt to illegally regulate private-sector labor relations. The decision by ...
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Ex-CFO of ‘smart window’ maker View settles with US SEC

(Reuters) -The former chief financial officer of View settled a U.S. Securities and Exchange Commission lawsuit claiming he negligently allowed the company to understate the cost of replacing defective "smart windows." Lawyers for Vidul Prakash and the SEC reached an agreement in principle to end ...
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Hassett at the Fed helm could pressure the dollar, investors say

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Beneath the U.S. bond markets' composure around the prospect of White House economic adviser Kevin Hassett becoming the next Federal Reserve chair lies a niggling worry that his bias for interest rate cuts will undermine the dollar. Bets on ...
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After blocked Mayne deal, Australia M&As set for higher reverse break fees

By Scott Murdoch SYDNEY (Reuters) -Foreign bidders for Australian companies could be liable for higher reverse break fees if regulatory approval is not received, in the wake of the failed $434 million takeover of Mayne Pharma, lawyers said. Treasurer Jim Chalmers blocked the takeover last week ...
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MD-11 fleet grounding after UPS crash unlikely to end before 2026, source says

By David Shepardson, Allison Lampert and Lisa Baertlein -The vast grounding of MD-11 jets after a fiery crash this month involving one of the planes, is unlikely to end before 2026, a source told Reuters on Wednesday, driving industry demand for alternatives as peak delivery ...
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Proposed Teck-Anglo merger is subject to national security review, Canada says

By David Ljunggren and Divya Rajagopal OTTAWA (Reuters) -Canada will submit the proposed merger of Anglo American and Teck Resources to a national security review, Industry Minister Melanie Joly said on Wednesday. Joly also said Ottawa would come to a final decision in the coming months. "The ...
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Campbell’s fires executive who was recorded saying company’s products are for ‘poor people’

The Campbell's Co. said Wednesday it has fired an executive who was recorded making racist comments and mocking the company's products and customers. Martin Bally, a vice president in Campbell's information security department, was named in a lawsuit filed last week by Robert Garza, a ...
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U.S. stocks rise as Wall Street’s winning streak grows to four days

U.S. stocks closed broadly higher Wednesday, extending Wall Street's recent winning streak to a fourth straight day. The S&P 500 rose 0.7%, the Dow Jones Industrial Average gained 0.7% and the Nasdaq composite added 0.8%. Solid gains for technology companies led the rally, although the gains ...
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Boeing wins $4.7 billion foreign military contract for AH-64E Apache helicopters

(Reuters) -Boeing said on Wednesday it will produce AH-64E Apache attack helicopters for international customers, including 96 for the Polish Armed Forces, under a Foreign Military Sales contract worth nearly $4.7 billion awarded by the U.S. Army. (Reporting by Parth Chandna in Bengaluru; Editing ...
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