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South African rand supported by carry trade and precious metals

JOHANNESBURG (Reuters) -The South African rand was stronger on Tuesday, buoyed by global precious metals prices and its appeal for carry trades. At 1502 GMT, the rand traded at 17.5050 against the

Reuters

Tue, Oct 22

Yellen: Haven't yet seen a China policy to fix its low consumer spending

(Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday said she has not yet seen policies announced by China that would address its low level of consumer spending as a share of its economy. "Our

Reuters

Tue, Oct 22

NYC comptroller Lander to end private market fossil fuel investments

By Ross Kerber (Reuters) - New York City Comptroller Brad Lander on Tuesday outlined plans to end certain pension funds' future private market investments in fossil fuel infrastructure over climate

Reuters

Tue, Oct 22

Italian growth to be weaker than government targets, IMF and business lobby say

MILAN (Reuters) -Italy's economic growth this year and next will be weaker than the government's targets of 1% and 1.2% respectively, the International Monetary Fund (IMF) and the country's main

Reuters

Tue, Oct 22

Global markets may be underestimating geopolitical risks, IMF says

By Pete Schroeder WASHINGTON (Reuters) -Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by

Reuters

Tue, Oct 22

Dam disaster deal should curb lawsuits against Vale and BHP, sources say

By Marta Nogueira, Lisandra Paraguassu and Ricardo Brito RIO DE JANEIRO/BRASILIA (Reuters) - An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in

Reuters

Tue, Oct 22

Logitech CEO says global consumer confidence holding up

ZURICH (Reuters) - Logitech International expects consumer confidence to remain robust as the computer keyboard and mouse-maker heads into its pre-Christmas quarter, Chief Executive Hanneke Faber said

Reuters

Tue, Oct 22

Palliser's Smith urges sales of holdings at Tokyo Tatemono, stock could jump

By Svea Herbst-Bayliss NEW YORK (Reuters) - Palliser Capital is urging Tokyo Tatemono to sell off certain holdings and enhance governance, arguing these changes could help the Japanese real estate

Reuters

Tue, Oct 22

Lockheed Martin shares slide 5% on F-35 headwinds despite lifting profit and sales forecast

By Pratyush Thakur and Mike Stone (Reuters) -Defense contractor Lockheed Martin lifted its annual profit and sales forecasts on Tuesday, but shares slid 5% because the company's F-35 fighter jet

Reuters

Tue, Oct 22

Elon Musk's $1 million election giveaway tests limits of election law

By Jack Queen (Reuters) - Elon Musk’s $1 million giveaway for voters who sign his free-speech and gun-rights petition falls into a gray area of election law, and legal experts are divided about

Reuters

Tue, Oct 22

Truckmaker PACCAR misses margin estimate as costs weigh

(Reuters) - PACCAR reported a gross margin that fell short of its own expectations on higher costs, sending the truckmaker's shares down 5.7% in morning trading on Tuesday. The trucking industry has

Reuters

Tue, Oct 22

Verizon expects capex to rise next year on network expansion efforts

By Harshita Mary Varghese (Reuters) -Verizon projected 2025 capital spending above market estimates on Tuesday as the U.S. telecom giant builds out its high-speed internet business to offset rising

Reuters

Tue, Oct 22

Hungary, Slovakia, Serbia call for funding to fight illegal migration

KOMARNO, Slovakia (Reuters) -The leaders of Hungary, Slovakia and Serbia on Tuesday affirmed their efforts to curb illegal migration into the European Union, adding that protecting the bloc's external

Reuters

Tue, Oct 22

Yellen says US to unveil new sanctions on Russian

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the U.S. will unveil strong new sanctions aimed at curbing Russia's Ukraine war efforts, including "intermediaries in

Reuters

Tue, Oct 22

ECB's rate cut direction clear, pace up for debate, Lagarde says

WASHINGTON (Reuters) -Euro zone inflation is easing and may fall back to 2% quicker than previously thought, supporting the case for further European Central Bank rate cuts, ECB President Christine

Reuters

Tue, Oct 22

ECB's Centeno sees risk of undershooting inflation goal, wants gradual, steady rate cuts

LISBON (Reuters) -Inflation in the euro zone has slowed to converge with the European Central Bank's 2% target and the risk now is undershooting the goal, ECB policymaker Mario Centeno told an event

Reuters

Tue, Oct 22

Kimberly-Clark trims sales forecast as consumers shift to cheaper options

By Aatrayee Chatterjee (Reuters) -Kleenex tissue maker Kimberly-Clark on Tuesday cut its annual organic net sales forecast after missing Wall Street estimates for third-quarter sales, as consumers

Reuters

Tue, Oct 22

Wolfspeed has responsibility for German chip plant project, ZF says

FRANKFURT (Reuters) - U.S. chipmaker Wolfspeed is responsibile for the microchip manufacturing project planned in western Germany, automotive supplier ZF said on Tuesday, after an industry source said

Reuters

Tue, Oct 22

Xi meets Putin in Kazan, Chinese state media says

BEIJING (Reuters) - China's President Xi Jinping met with Russian President Vladimir Putin on Tuesday in Kazan, Russia, on the sidelines of the BRICS summit, Chinese state television CCTV reported. (

Reuters

Tue, Oct 22

Bangladesh announces policy rate rise to combat inflation

By Ruma Paul DHAKA (Reuters) - Bangladesh’s central bank said on Tuesday it would raise its key interest rate by half a percentage point, its fourth hike this year as it battles stubbornly high

Reuters

Tue, Oct 22

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