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Sterling Squeezed as Focus Turns to U.S. Inflation

SINGAPORE, Dec 21 Reuters Sterling crosses nursed losses on Thursday, while the yen found a footing in holidaythinned trade ahead of the last major data release of the year in Friday39;s U.S. inflation figures. Sterling suffered its sharpest drop on the dollar in two months on Wednesday after British inflation dived below forecasts to an annual 3.9 […]
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IPO Hopes Rise for new Year after Feds Early Holiday Gift

LONDON, Dec 21 Reuters Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may start reversing the fastest escalation in interest rates in decades. The IPO markets will be much better in 2024 than they were […]
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France, Germany Reach Deal on EU Fiscal Rules

PARIS, Dec 19 Reuters France and Germany have reached a 100 percent agreement on how to reform the European Union39;s fiscal rules, French Finance Minister Bruno Le Maire said on Tuesday after talks with his German counterpart concluded. The EU39;s two largest countries have been at odds over how to sustain investment when budget deficits exceed […]
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UniCredit Agrees with Unions on Voluntary Retirement Scheme

MILAN, Dec 20 Reuters Italy39;s UniCredit has agreed with Italian unions to offer a voluntary early retirement scheme to 510 employees, the departures partly offset by 255 new hires, the First Cisl banking union said on Wednesday. Last year, UniCredit signed an accord with unions and booked 239 million euros 262 million in charges to fund […]
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General Mills Cuts Annual Sales Forecast on Slowing Demand

Dec 20 Reuters General Mills cut its annual sales forecast on Wednesday, hurt by slowing demand for its higherpriced breakfast cereals, snack bars and pet food products. Shares of the Cheerios cereal maker were down 1 in premarket trading after it also missed secondquarter sales expectations. High interest rates and sticky inflation are prompting consumers to […]
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BASF Picks Company Veteran Kamieth to Become CEO

FRANKFURT, Dec 20 Reuters BASF appointed company veteran Markus Kamieth on Wednesday to become CEO next year, amid an organisational overhaul of the chemicals giant, grappling with falling earnings and sluggish economic growth in its European home markets. In a statement, the German company said Kamieth would replace CEO Martin Brudermueller in April, with the latter […]
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Toshiba Delisted after 74Y, Faces Future with new Owners

TOKYO, Dec 20 Reuters Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan39;s biggest brands and ushered in a buyout and an uncertain future. The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial PartnersJIP […]
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