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Boeing, Striking Union to Resume Contract Talks on Friday

Reuters  Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant, the union and company said on Wednesday. More than 32,000 Boeing workers in the Seattle area and Portland, Oregon, walked off the job on Sept. 13 in […]
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HM Abandons 2024 Earnings Margin Target, Q3 Profit Lags

STOCKHOLM, Sept 26 Reuters HM, the world39;s secondlargest listed fashion retailer, said on Thursday it no longer expected to reach its fullyear earnings margin goal, while reporting a lowerthanexpected operating profit for the JuneAugust period. HM has struggled to boost its profitability amid high inflation and stiff competition from its bigger Spanish rival Zara, owned by Inditex, […]
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BBVA to Issue 1.5 bln Euros worth of Convertible Securities

Sept 26 Reuters Spanish bank BBVA approved the issuance of securities worth as much as 1.5 billion euros 1.67 billion convertible into newly issued ordinary shares, the company said on Tuesday. The value of the new issuance excludes shareholders39; preemption rights, the bank said. The move is aimed at strengthening its capital base as it moves […]
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Puma Appoints Markus Neubrand as new CFO, Shares Rise

Sept 26 Reuters Shares in Puma rose almost 4 on Thursday after the German sportswear maker appointed Markus Neubrand as its new chief financial officer and a member of the Management Board effective Oct. 1. Apparently the market gives advance praise, said Alexander Zienkowicz, an analyst from mwb research AG. Neubrand has valuable handson field experience […]
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Oil Falls over 2 on Prospects Saudi Arabia to Raise Output

SINGAPORE, Sept 26 Reuters Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world39;s biggest crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down 1.89, or 2.57, to 71.57 a barrel, while U.S. West Texas Intermediate crude fell 1.83 cents, or […]
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Russia Forecasts Serious Oil Growth Demand Potential to 2050

MOSCOW, Sept 26 Reuters Russia expects serious growth potential in global oil demand through to 2050 and is ready to supply additional barrels, its Deputy Energy Minister Pavel said on Thursday. Sorokin said that Russia did not want to flood the market if there is no need, adding that production costs are set to increase […]
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German Economic Institutes Expect GDP to Contract again in 2024

German economy expected to contract Euro zone economy will grow by 1.4 Growth package offers limited boost BERLIN, Sept 26 Reuters Germany39;s leading economic institutes have downgraded their forecast for 2024 and now see Europe39;s largest economy shrinking by 0.1, they said in their autumn joint economic forecasts. The forecast confirms the numbers Reuters reported exclusively earlier […]
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Bank of England Allots 37 Billion Pounds in Weekly Repo

Sept 26 Reuters The Bank of England allotted 37.059 billion pounds 49.52 billion in sevenday funds in its weekly shortterm repo on Thursday, down from last week39;s record 44.523 billion pounds. Repos, or repurchase agreements, allow banks to temporarily exchange government bonds they own for central bank cash, helping to keep market interest rates in […]
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