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Australias Central Bank Holds Cash Rate at 4.35

SYDNEY, June 18 Reuters Australia39;s central bank held interest rates steady on Tuesday as expected, while reiterating that it was not ruling out further increases if needed to control inflation. Wrapping up its June policy meeting, the Reserve Bank of Australia RBA kept rates at a 12year high of 4.35, where they have been since […]
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Caterpillars Russian Assets Transferred to Firm Owned by Armenian Fund

June 17 Reuters U.S. machinery maker Caterpillar39;s former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed. Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow39;s February 2022 invasion […]
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Musk Plans Stock Option Grants to Teslas HighPerformers, Sources

SAN FRANCISCO, June 17 Reuters Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stockbased compensation for highperforming employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his 56 billion pay plan consisting of stock options and two months […]
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EV Startup Fisker Files for Bankruptcy

June 18 U.S. electric vehicle EV maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its Ocean SUV in the United States and Europe. The company39;s unit, Fisker Group Inc, filed for Chapter 11 […]
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Singapores Temasek to Sell Pavilion Energy to Shell

SINGAPORE, June 18 Reuters Singapore39;s global investment company Temasek said on Tuesday it has agreed to sell 100 of its shares in liquefied natural gas LNG trading firm Pavilion Energy to Shell. The announcement confirmed a Reuters39; report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell in the coming days in a deal […]
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Rupee Ticks Higher, Aided by StateRun Banks Dollar Sales

MUMBAI, June 18 Reuters The Indian rupee gained on Tuesday, boosted by dollar sales from staterun banks, likely on behalf of merchant clients, but traders expect the domestic currency39;s gains to be limited as importers may step in to cover hedging requirements. The rupee was at 83.4750 against the U.S. dollar as of 1000 a.m. […]
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Dollar Edges Up as Traders Await Fed Rate Cut Clues

TOKYO, June 18 Reuters The dollar edged higher on Tuesday as traders awaited a key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The U.S. dollar index , which measures the currency against the euro, sterling, yen and three other major peers, […]
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London Stocks Rise ahead of UK Inflation Data, Cenbank Decision

FTSE 100, FTSE 250 both up 0.3 Ashtead Group falls after forecasting slower revenue growth Whitbread gains after reiterating annual forecast June 18 Reuters London stocks inched higher on Tuesday, with investors eyeing key domestic inflation data and the Bank of England39;s policy decision this week, while losses in Ashtead Group capped gains. The bluechip […]
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