FILE PHOTO: 2020 Ford Explorer cars are seen at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski//File Photo(Reuters) – Ford Motor Co said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it […]
Read more(Updates prices) LONDON, June 30 (Reuters) – Copper on Wednesday was on track for its biggest monthly fall since March 2020 as a stronger dollar, the threat of tighter U.S. monetary policy and moves by China to keep a lid on prices pulled the metal from record highs. Benchmark copper on the London Metal Exchange (LME) was up 0.8% at […]
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ZURICH/HONG KONG (Reuters) -ChemChina is aiming to raise around $10 billion from a Shanghai IPO for Swiss agrichemical giant Syngenta Group, in what is set to be the world’s largest flotation this year, sources with direct knowledge of the matter told Reuters.FILE PHOTO: A Syngenta logo is seen at its China headquarters in Beijing, China July 16, 2018. REUTERS/Jason Lee/File […]
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The floor of the New York Stock Exchange, which has been quiet in the past year, has suddenly come to life. Traders have been returning, restrictions have been relaxed so more visitors can come on the floor, andthe IPO business is booming. "We saw exciting and innovative businesses come to the market in the first half of the year, and […]
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Wednesday’s futures were somewhat muted, despite private payrolls rising in June. The ADP job report saw payrolls increasing by 692,000, notching a sixth consecutive monthly rise. The service sector saw the largest increase in jobs, with leisure and hospitality jobs leading the charge. This all seems to be a recurring theme for the reopening trade, but what investors are looking […]
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. Altogether, these funds bought over 850,000 shares of UiPath Inc. (NYSE: PATH) on Tuesday, as the price of these ETFs gained less than 1% on Tuesday. Note that these funds are still up handily in the last year. ARK Genomic Revolution […]
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WASHINGTON (Reuters) – U.S. private payrolls increased solidly in June, but the pace of hiring slowed from the prior month as companies continued to scramble to find workers to meet surging demand as the economy’s reopening gains momentum.FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira KaraoudPrivate payrolls […]
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FILE PHOTO: The logo of French telecoms operator Orange is seen on the facade of a store in Paris, France, February 16, 2021. REUTERS/Sarah MeyssonnierPARIS (Reuters) – The venture capital arm of France’s biggest telecoms group Orange has made a financial investment in online media and news firm Brut, with whom French President Emmanuel Macron staged a high-profile interview last […]
Read more(Reuters) – IGO Ltd said on Wednesday its $1.4 billion deal to acquire a stake in Tianqi Lithium’s Australian assets had been completed, hailing a “transformational transaction” for the company. The Australian nickel miner has taken 49% in a joint venture (JV) with China’s Tianqi that gives it 25% in the Greenbushes lithium mine and 49% in the Kwinana processing […]
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