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Eurozone Investor Mood Stops Nosedive in August

BERLIN, Aug 7 Reuters Investor morale in the euro zone unexpectedly rose in August, ending three consecutive months of decline as inflation has lost some of its explosive power, but there are no signs of a lasting turnaround in sentiment, a survey showed on Monday. Sentix39;s index for the euro zone rose to 18.9 points […]
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German Industrial Output Falls Further in June

BERLIN, Aug 7 Reuters German industrial production dropped more strongly than forecast in June, according to data released on Monday, underlining the challenges faced by manufacturing amid a downturn in Europe39;s largest economy. Production fell by 1.5 compared with the previous month, the federal statistics office said on Monday. Analysts polled by Reuters had predicted […]
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Oil Holds Steady near FourMonth High on OPEC Cuts

Saudi Arabia extends 1 mln bpd output cut to Sept Output cut could be extended longer or deepened Riyadh Russia to cut exports by 300,000 bpd in Sept LONDON, Aug 7 Reuters Oil prices hovered near their highest levels since midApril after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, […]
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Australia ANZIndeed Jobs Ads Edge 0.4 Higher in July

SYDNEY, Aug 7 Reuters Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a blip as rate hikes work to cool redhot labour demand. Data from Australia and New Zealand Banking Group and employment website Indeed showed […]
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German Space Company OHB Announces KKR Takeover Bid

BERLIN, Aug 7 Reuters OHB on Monday announced a voluntary public tender offer by US investment company KKR for all outstanding shares in the German space technology company, with the Fuchs family to retain permanent control of the company. The deal foresees an offer price of 44 euros 48.34 per share. OHB said its executive and […]
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Burger Kings India Operator Posts Wider Q1 Loss on Higher Costs

CHENNAI, Aug 7 Reuters Restaurant Brands Asia on Monday reported a steeper firstquarter loss, as Burger King39;s India operator incurred higher raw material expenses while also spending heavily on more stores. The restaurant chain39;s consolidated net loss widened to 504.8 million rupees 6.1 million for the quarter ended June 30, from 475 million rupees a year […]
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SoftBank seen Returning to Profit as Tech Stocks Gain

TOKYO, Aug 7 Reuters Japan39;s SoftBank Group is likely to report a return to profit when it announces firstquarter earnings on Tuesday, analysts said, as its Vision Fund investing arm39;s portfolio of technology stocks enjoyed a rebound. The tech investor has posted two consecutive years of loss on the slumping value of the Vision Fund portfolio and sold […]
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