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Hermes shines as European market takes stock ahead of business activity update
By Sagarika Jaisinghani (Reuters) – European shares were muted on Friday as investors looked to business activity data for February to gauge the pace of a broader economic rebound, while Hermes jumped...
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Dollar slips further after disappointing jobs data, sterling shines
By Tommy Wilkes LONDON (Reuters) – The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for a speedy recovery from the COVID-19 pandemic, while...
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Strong Asia pushes Hermes sales up 16% in fourth quarter
By Silvia Aloisi MILAN (Reuters) – Birkin bag maker Hermes weathered the coronavirus pandemic better than luxury goods rivals, with sales recovering sharply in the final part of 2020 thanks to a strong...
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Public Sector Bank Merger, Can Government Do it Without Powerful Trade Unions?
PSB Privatization - First time after the bank nationalization, the government has finally decided to kick off the privatization of public sector banks (PSBs). The government owns more than a 70 percent...
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AIBNOF has served the Strike Notice For 15th & 16th March 2021
All India Nationalized Banks Officers'Federation (AIBNOF) has served the strike notice for 15th & 16th March 2021. The demand are listed here below :Also Read - Public Sector Bank Merger, Can...
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Teed off: As COVID fuels S. Africa’s housing crisis, golf courses feel the heat
By Kim Harrisberg JOHANNESBURG (Thomson Reuters Foundation) – It sounds like a developer’s dream: A greenfield site in the heart of Cape Town, close to the best schools, hospitals and transport links...
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Siemens Healthineers gains EU nod for $16.4 billion Varian buy
BRUSSELS (Reuters) – EU antitrust regulators on Friday cleared with conditions Siemens Healthineers’ $16.4 billion acquisition of U.S. peer Varian, paving the way for the German health group to become...
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UK bond yields head for biggest weekly rise since June
LONDON (Reuters) – British government bond prices fell again on Friday as a global debt sell-off continued on expectations of hefty U.S. fiscal stimulus, putting gilt yields on course for their biggest...
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European shares end higher on strong earnings, positive data
By Sagarika Jaisinghani and Ambar Warrick (Reuters) – Euro zone shares rose on Friday, marking a third week of gains, as data showed factory activity in February jumped to a three-year high, while...
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FTSE 100 ends higher on improving economic activity; gains for the third week
By Shivani Kumaresan, Amal S and Shashank Nayar (Reuters) – London’s FTSE 100 ended higher on Friday after the economy showed signs of improvement this month and was set to gain for the third...
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Packaged food giants push direct online sales to gauge consumer tastes
By Siddharth Cavale and Nivedita Balu (Reuters) – Packaged food giants including Kraft Heinz, General Mills and Kellogg are pushing sales of their products to consumers directly via their own online...
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Bitcoin hits $1 trillion market cap, surges to fresh all-time peak
By Gertrude Chavez-Dreyfuss and Tom Wilson NEW YORK/LONDON (Reuters) – Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday, countering analyst warnings...
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Dollar edges lower as investors favor higher-risk currencies
By Stephen Culp NEW YORK (Reuters) – The dollar lost ground on Friday as market participants favored currencies associated with risk-on sentiment over the safe-haven greenback. Risk appetite was stoked...
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Oil extends losses as Texas prepares to ramp up output after freeze
By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields...
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EU seeks alliance with U.S. on climate change, tech rules
By Sabine Siebold and Kate Abnett BERLIN (Reuters) – Europe and the United States should join forces in the fight against climate change and agree on a new framework for the digital market, limiting...
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Google to evaluate executive performance on diversity, inclusion
By Paresh Dave (Reuters) – Alphabet Inc’s Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of...
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World Bank pushing for standard vaccine contracts, more disclosure from makers
By Andrea Shalal WASHINGTON (Reuters) – The World Bank is working to standardize COVID-19 vaccine contracts that countries are signing with drug makers, and is pushing manufacturers to be more open...
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Citigroup considering divestiture of some foreign consumer units – Bloomberg Law
(Reuters) – Citigroup Inc is considering divesting some international consumer units, Bloomberg Law reported on Friday, citing people familiar with the matter. The discussions are around divesting...
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UK insurers estimate to pay up to 2.5 billion pounds for coronavirus claims
(Reuters) – The Association of British Insurers (ABI) said on Saturday insurers are likely to pay up to 2.5 billion pounds ($3.50 billion) for UK’s COVID-19 insurance claims incurred in 2020. The...
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Bitcoin, ether hit fresh highs
SINGAPORE (Reuters) – Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world’s most popular...
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