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US Homebuilding Takes Step Back; Manufacturing Turning Corner

Singlefamily housing starts drop 12.4 in March Singlefamily building permits decline 5.7 Overall housing starts fall 14.7; permits down 4.3 Manufacturing output rises 0.5; February data revised up WASHINGTON, April 16 Reuters U.S. singlefamily homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a […]
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Stellantis Shareholders Approve CEO Tavares 2023 Pay Package

MILAN, April 16 Reuters Stellantis shareholders on Tuesday approved the compensation paid to the carmaker39;s top management, including a package worth up to 36.5 million euros 38.8 million for CEO Carlos Tavares. In a consultativeonly vote, around 70 of Stellantis shareholders voted in favour of the 2023 executive remuneration report for senior managers at the annual […]
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AMD Introduces AI Chips for Business Laptops and Desktops

April 16 Reuters Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligenceenabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of the lucrative AI PC market. These chips are expected to be available in platforms from HP and Lenovo starting in the second quarter of 2024, AMD said […]
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LVMHs Q1 Sales Growth Slips to 3 on Luxury Slowdown

PARIS, April 16 Reuters LVMH reported a 3 rise in first quarter sales on Tuesday, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out thousands of dollars. The slower quarterly sales growth reflected comparisons with the same period in 2023, […]
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Oil Slips as Concern Eases about Middle East Supply Risk

Brent reached sixmonth high on Friday China39;s Q1 GDP grows 5.3 yy, well above forecast Iran will respond to any action against its interests LONDON, April 16 Reuters Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran39;s weekend attack on Israel offset data showing China39;s economy […]
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US Retail Sales Beat Expectations, USD Strengthened Further

Previous Trading Days Events 15.04.2024 U.S. retail sales increased more than expected in March, further evidence that the economy ended the first quarter on solid ground. Strong retail sales prompted economists at Goldman Sachs to boost their gross domestic product GDP growth estimate for the first quarter to a 3.1 annualised rate from a 2.5 […]
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