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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures bottom PBOC cuts key rates, China data badly miss forecasts Eyes on …

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Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register Aug 15 (Reuters) – A look at the day ahead in Asian markets …

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Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday …

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Morning Bid: Europe set to sour the US sugar high

The words recession and Europe, made from letters of a scrabble game, are seen in this illustration picture taken in Ljubljana, November 15, 2012. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Alun John European economic data takes center stage on Friday, with …

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With Alibaba stake cut, SoftBank’s Latest cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallyed after the International …

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Explainer: How will SoftBank cut its stake in Alibaba without selling shares?

NEW YORK, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK) from 23.7% to 14.6%. read more But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called “prepaid …

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Dollar drops on cooler-than-expected US inflation data

US One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com register NEW YORK, Aug 10 (Reuters) – The dollar fell broadly on Wednesday following a cooler-than-expected US inflation report for July that raised expectations of a …

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Gaming industry’s fortunes fade as spending squeeze follows pandemic bump

Aug 10 (Reuters) – Gaming companies are facing a slowdown in demand for video games from pandemic highs, raising doubts about their ability to weataher an economic downturn. Rising prices and a lack of hit titles have added to problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) that are also …

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