Author: Reuters

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Analysis: Weidmann's departure may set the scene for new ECB conflicts

Analysis: Weidmann's departure may set the scene for new ECB conflicts

Analysis: Weidmann's departure may set the scene for new ECB conflicts Lagarde had set out to woo dissenters Team spirit now broken: ING’s Brzeski Scene set for disagreement on inflation FRANKFURT, Oct 21 (Reuters) – Jens Weidmann’s departure from the European Central Bank is the most tangible sign yet that ECB President Christine Lagarde’s efforts...

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Footwear maker Crocs plans to outrun supply chain woes; shares jump

Footwear maker Crocs plans to outrun supply chain woes; shares jump

Footwear maker Crocs plans to outrun supply chain woes; shares jump The sign outside the corporate headquarters of Crocs in Niwot, Colorado May 10, 2017. REUTERS/Rick Wilking Oct 21 (Reuters) – Crocs Inc (CROX.O) raised the lower end of its annual revenue forecast, as it prepares to counter supply constraints by shifting some production out...

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U.S. safety board says driver, passenger seats occupied during fatal Tesla crash

U.S. safety board says driver, passenger seats occupied during fatal Tesla crash

U.S. safety board says driver, passenger seats occupied during fatal Tesla crash A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang WASHINGTON, Oct 21 (Reuters) – The National Transportation Safety Board (NTSB) said on Thursday that both the driver and passenger seats...

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Mozambique urges Credit Suisse to fully cancel scam-linked debt

Mozambique urges Credit Suisse to fully cancel scam-linked debt

Mozambique urges Credit Suisse to fully cancel scam-linked debt JOHANNESBURG, Oct 21 (Reuters) – Mozambique on Thursday called on Credit Suisse (CSGN.S) to fully cancel debt estimated at $2 billion linked to a scandal involving the bank, ten times more than it has offered to write off. The Swiss lender helped to arrange nearly $1...

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Aussie slips, yen gains as risk sentiment sours

Aussie slips, yen gains as risk sentiment sours

Aussie slips, yen gains as risk sentiment sours A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo <a href=”https://tmsnrt.rs/2RBWI5E”>Graphic: World FX rates</a> NEW YORK, Oct 21 (Reuters) – Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese yen gained as concerns about...

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Tesla looks to pave the way for Chinese battery makers to come to U.S.

Tesla looks to pave the way for Chinese battery makers to come to U.S.

Tesla looks to pave the way for Chinese battery makers to come to U.S. Oct 21 (Reuters) – Tesla Inc (TSLA.O) wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near...

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Stocks stall, oil cools, Evergrande and lira mauled

Stocks stall, oil cools, Evergrande and lira mauled

Stocks stall, oil cools, Evergrande and lira mauled World stocks dip as risk aversion returns Turkish lira dives 2% after 200 basis point rate cut Yen jumps as Nikkei falls 1.9% Evergrande asset sale fails, default deadline looms Oil rally pauses, bond yields take a breather LONDON, Oct 21 (Reuters) – World stocks slipped on...

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Goldman Sachs, Freshfields working on possible Porsche IPO -manager magazin

Goldman Sachs, Freshfields working on possible Porsche IPO -manager magazin

Goldman Sachs, Freshfields working on possible Porsche IPO -manager magazin A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman FRANKFURT, Oct 21 (Reuters) – Investment bank Goldman Sachs (GS.N) and law firm Freshfields are among advisors working on a...