Activist Investor ValueAct Takes Stake in Spotify

Feb 10 Reuters ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. We welcome ValueAct as an investor in Spotify, a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment. Spotify39;s shares rose 3.5 […]
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Indias Industrial Output Rose 4.3 yy in December

NEW DELHI, Feb 10 Reuters India39;s industrial output in December rose 4.3 year on year, data from the Ministry of Statistics showed on Friday. That was lower than the 4.5 expected by analysts polled by Reuters. In November output topped 7 while in December 2022 it rose 1. Industrial output for AprilDecember rose 5.4 versus 15.3 […]
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Russian Consumer Inflation Slows to 11.8 in Jan

MOSCOW, Feb 10 Reuters Annual inflation in Russia slowed further in January, but consumer prices rose in monthonmonth terms, data showed on Friday. Inflation has slowed since accelerating sharply after Russia began what it calls a special military operation in Ukraine on Feb. 24, a move that triggered sweeping Western sanctions and disrupted supply chains. […]
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Indian Rupees Carry Appeal to Boost Debt Inflows Analysts

MUMBAI, Feb 9 Reuters The Indian rupee39;s attractive carry relative to other Asian markets and muted volatility could lead to a pickup in dollar inflows into the debt market, supporting the local currency, analysts said. Carry trades involve investors using a loweryielding currency to buy highyielding units. The Reserve Bank of India39;s hawkish stance alongside […]
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Global Investors Losing Appetite for Chinese Govt Bonds

HONG KONG, Feb 10 Reuters Global investors are reducing their holdings of Chinese government bonds, a steady source of secure returns during the pandemic years, as they prepare for some monetary tightening in China and eye juicier stock markets in the reopened economy. China39;s bond market was the outlier in 2022 as global central banks […]
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