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July 23, 2021

Reuters Top News

Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble

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NEW YORK (Reuters) – The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in the......
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REFILE-Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm

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(Corrects to delete extraneous word ‘agency’ in paragraph 6) TAIPEI, June 18 (Reuters) – Terry Gou, the billionaire founder of Taiwan’s Foxconn, asked for government permission on Friday to negotiate with a Chinese company for the purchase of BioNTech SE COVID-19 vaccines to help address the island’s shortage of shots.......
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Ping An finds suitable rebound deal

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HONG KONG (Reuters Breakingviews) – Ping An Insurance may indemnify one costly deal with a better one. Not long after losing $1.5 billion in a failed property investment, the Chinese conglomerate plans to spend up to $7.9 billion to buy control of Founder Group, Peking University’s bankrupt corporate empire. A......
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Economy far from central bank’s goals but outlook brightening, Fed’s Mester says

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FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London, Britain, July 2, 2019. REUTERS/Marc Jones/File Photo (Reuters) -The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which hit minorities and people with lower levels of......
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At least one killed in anti-UN protest in eastern Congo

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BENI, Democratic Republic (Reuters) – At least one person was killed by security forces on Thursday during protests against United Nations peacekeepers in Oicha, a town in the restive east of the Democratic Republic of Congo, the town’s mayor said. Residents in towns in Congo’s eastern region have staged several......
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Virus variants inciting India’s second surge, epidemiologists say

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By Neha Arora, Shilpa Jamkhandikar NEW DELHI (Reuters) – The second surge of COVID-19 cases in India has swamped hospitals much faster than the first because mutations in the virus mean each patient is infecting many more people than before, epidemiologists and doctors say. A patient lies in a bed......
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Turkish cenbank holds rates at 19%, drops tightening pledge

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By Ali Kucukgocmen, Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and set off a market selloff. FILE PHOTO:......
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BlackRock quarterly profit beats estimates as assets rise over $9 trln

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FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) -BlackRock Inc, the world’s largest asset manager, reported first-quarter profit ahead of Wall Street estimates as strong capital markets helped attract more money to its diverse funds. The......
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Canal+ Polska revives Warsaw listing ambitions amid IPO boom

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FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris March 14, 2014. REUTERS/Charles Platiau/File Photo LONDON (Reuters) – Polish pay-TV platform Canal+ Polska has revived plans for an initial public offering (IPO) in Warsaw, seeking to take advantage of a surge......
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Breakingviews – China’s antitrust push forces digital reinvention

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FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo HONG KONG (Reuters Breakingviews) – What’s left for Chinese internet companies deprived of......
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Asian shares defensive, dollar struggles near one-month lows

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SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......
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Ireland launches inquiry into Facebook after reports of data leak

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FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration//File Photo DUBLIN (Reuters) -Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc, after a dataset reported to contain personal data relating to......
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Almost half of Shopify’s top execs to depart company: CEO

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(Reuters) – Three of e-commerce platform Shopify’s seven top executives will be leaving the company in the coming months, chief executive officer and founder of Canada’s most valuable company Tobi Lutke said in a blog post on Wednesday. FILE PHOTO: An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada,......
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Judge in Texas lawsuit against Google issues protective order

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FILE PHOTO: The Google Inc. logo is seen outside their headquarters in Mountain View, California August 18, 2004. REUTERS/Clay McLachlan/File Photo WASHINGTON (Reuters) – The judge hearing the Texas antitrust lawsuit against Alphabet Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed......
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EU Commission to end AstraZeneca and J&J vaccine contracts at expiry – paper

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MILAN (Reuters) – The EU Commission has decided not to renew COVID-19 vaccine contracts next year with AstraZeneca and Johnson & Johnson (J&J), Italian daily La Stampa reported on Wednesday, citing a source from the Italian health ministry. “The European Commission, in agreement with the leaders of many (EU) countries,......
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Somalia’s president signs law extending his term, 15 killed in attack

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MOGADISHU (Reuters) – Somalia’s president has signed a disputed law extending his mandate for two years, the state news agency reported, setting the Horn of Africa nation on a collision course with donors who strongly oppose the move. Somalia’s President Mohamed Abdullahi Farmajo addresses lawmakers after winning the vote at......
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Lockdown snacking: Lots to munch on when PepsiCo reports results

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(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......
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Goldman Sachs profit soars on global deals frenzy, trading boom

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(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......
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Amazon aims to double U.S. Black employees in leadership this year

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FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com said on Wednesday it was aiming to double the number of Black employees in senior leadership roles and hire 30% more Black people as corporate......
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South Korea aims to fight Japan’s Fukushima decision at world tribunal

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SEOUL (Reuters) – South Korea’s president ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release contaminated water from its wrecked Fukushima nuclear plant into the sea, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National......
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