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Embraer sells two C-390 military aircraft to undisclosed client

27 Dec 2024

SAO PAULO (Reuters) – Brazilian planemaker Embraer has signed a contract to sell two C-390 Millennium military cargo aircraft to an undisclosed client, it said on Friday. The unnamed customer is the 10th country to select the aircraft, Embraer said in a statement, joining Brazil, Portugal, Hungary, South Korea, the Netherlands, Austria, the Czech Republic, …

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Taiwan’s science ministry warns spending cuts could hit chips, AI funding

27 Dec 2024

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s science ministry warned on Friday that funding for areas such as semiconductors, AI and aerospace could be reduced by T$20 billion ($609.11 million) for next year after opposition parties passed laws requiring cuts to economic and technology spending. Taiwan’s opposition parties, which hold a majority in parliament, passed legislation …

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High food prices dampen festive spirits in Russia

27 Dec 2024

By Alexander Marrow, Anastasia Bakhur and Dmitry Vasiliev YEKATERINBURG, Russia (Reuters) – This holiday season, many Russians are tightening their belts.  Stubborn inflation has driven up prices of staples such as butter, potatoes and chicken in recent months, hitting Russia’s poorest and causing some to cut back this festive season. Reuters spoke to Russians in …

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Global equity funds regain inflows on US inflation relief

27 Dec 2024

(Reuters) – Global equity funds witnessed sharp inflows in the week through Dec. 25, rebounding from significant net sales the previous week, buoyed by a benign U.S. inflation report and relief that Washington had averted a government shutdown, which restored investor confidence in risk assets. According to LSEG data, investors pumped a hefty $34.38 billion …

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Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment

27 Dec 2024

SAO PAULO/BRASILIA (Reuters) – A justice on Brazil’s top court on Thursday suspended a law from the country’s top soy-producing state that would end tax breaks for firms following an agreement to not purchase soy from deforested areas of the Amazon rainforest. Justice Flavio Dino suspended the law from the western state of Mato Grosso …

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Dow ends up to extend win run to five; rising yields pressure megacap stocks

27 Dec 2024

By David French (Reuters) -The Dow Jones Industrial Average closed fractionally higher on Thursday, stretching its winning streak to five sessions despite light trading volumes and rising U.S. Treasury yields weighing on some of the dominant technology megacaps. While the Nasdaq Composite and the S&P 500 were broadly unchanged, the indexes both finished slightly in …

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Richard Parsons, American media and finance troubleshooter, dies at 76

27 Dec 2024

(Reuters) – Richard D. Parsons, a longtime banking executive who took the helm of Time Warner during a troubled time for the communications company and who helped Citigroup navigate the financial crisis, died on Thursday at age 76. A prominent Black businessman, Parsons also helped the NBA’s Clippers navigate a scandal over racism. Parsons was …

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Interest rate path to determine if Aussie banks can sustain rich valuations in 2025

27 Dec 2024

By Himanshi Akhand and Shivangi Lahiri (Reuters) – The Australian central bank’s rate trajectory and its effect on inflation will decide if Australian bank shares can eke out growth in 2025 after a bumper year that has left valuations stretched, analysts said. The financial sub-index, composed mainly of the country’s biggest lenders, has risen almost …

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Last-minute bargain hunters send holiday retail sales higher than last year, Mastercard says

26 Dec 2024

By Savyata Mishra and Siddharth Cavale (Reuters) -Price-conscious holiday shoppers opened their wallets for last-minute online discounts on clothing and stocking stuffers, potentially benefiting retailers that also offered such convenient options as free delivery and curbside pickup. The popularity of online shopping has surged due to its convenience, similar or lower prices than in-store, the …

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