Putin clears Rosbank’s purchase of Societe Generale’s Russian assets
MOSCOW (Reuters) -Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes in…
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Biden signs $886 billion US defense policy bill into law
By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden on Friday signed into law the U.S. defense policy bill that authorizes…
Oil eases ahead of Christmas break on possible future Angola output increase
By Scott DiSavino NEW YORK (Reuters) – Oil prices eased on Friday ahead of the long Christmas holiday weekend on…
Nike’s powerhouse labels lose footing against upstart brands – analysts
By Savyata Mishra and Aishwarya Venugopal (Reuters) – Nike is starting to lose share to upstart sneaker brands such as…
Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 billion
By Michael Erman and Manas Mishra (Reuters) -Bristol Myers Squibb on Friday agreed to buy Karuna Therapeutics for $14 billion,…
Cash the big flow ‘winner’ of 2023 – BofA
LONDON (Reuters) – Global investors put a record $1.3 trillion into cash in 2023, according to a report from Bank…
China bans export of rare earths processing tech over national security
By Siyi Liu and Dominique Patton BEIJING (Reuters) – This Dec. 21 story has been corrected to clarify that the…
Micron shares jump on forecast for quicker recovery in chip demand
(Reuters) -Chipmaker Micron Technology’s shares jumped 7% on Thursday after it predicted a strong recovery in the supply-demand balance for…
CarMax quarterly profit overtakes estimates on cost cuts
(Reuters) -CarMax on Thursday posted a more than two-fold rise in quarterly profit to beat analyst estimates after cost cuts…
Toyota shares slump on safety scandal at Daihatsu, vehicle recall
By Anton Bridge TOKYO (Reuters) -Toyota Motor shares slumped on Thursday as Japan’s transport ministry inspected a subsidiary over safety…