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Citi announces research expansion into private industry, mostly tech firms

29 Jul 2025

(Reuters) -Citigroup said on Tuesday it is expanding its research coverage to include private companies, with a focus on rapidly growing tech firms, mirroring a similar strategy by JPMorgan Chase, which has reportedly begun covering non-listed firms. The expansion will focus on about 100 of the most influential private companies, especially in key sectors like …

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Analysis-Enough apologies: How Japan is shaking its price hike phobia

29 Jul 2025

By Makiko Yamazaki and Takahiko Wada TOKYO (Reuters) -When Japanese ice pop maker Akagi Nyugyo raised its prices a meagre 10 yen in 2016, its sombre-faced management appeared in a one-minute commercial, bowing silently in apology as a melancholy folk song lamented the inevitability of price hikes. Almost a decade later, the Saitama-based company has …

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Australian lender CBA to cut 45 jobs in AI shift, draws union backlash

29 Jul 2025

(Reuters) -Commonwealth Bank of Australia confirmed on Tuesday it is cutting 45 jobs as part of a shift toward using artificial intelligence to handle certain tasks, prompting a union to accuse the bank of excluding workers from the evolving economy. CBA, the country’s biggest lender, said it is currently investing more than A$2 billion ($1.30 …

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Buffett’s Berkshire sells one-third of VeriSign stake for $1.23 billion

29 Jul 2025

(Reuters) -Berkshire Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett’s conglomerate has invested in since 2012, VeriSign said on Monday. The sale of 4.3 million VeriSign shares at $285 each generated gross proceeds of about $1.23 billion, reducing Berkshire’s ownership stake to 9.6% …

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South Korea’s Celltrion says tapped to buy US pharma factory to offset tariff risk

29 Jul 2025

SEOUL (Reuters) -South Korean pharmaceutical firm Celltrion said on Tuesday that in an attempt to offset the risk of U.S. tariffs it had become the preferred bidder to acquire a U.S. manufacturing factory from an unnamed global pharmaceutical company. Celltrion’s Founder and Chief Executive Seo Jung-jin told a briefing it planned to invest 700 billion …

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Boeing gets US FAA nod to begin next phase of 777-9 certification, Air Current editor says

29 Jul 2025

(Reuters) -U.S. Federal Aviation Administration (FAA) late last week cleared Boeing to begin the next phase of its 777-9 certification – the company’s largest jetliner in production, Air Current Editor Jon Ostrower said on Monday in a post on X, citing two people familiar with the matter. (Reporting by Mrinmay Dey in Bengaluru; Editing by …

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Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikar

29 Jul 2025

By Savyata Mishra and Jessica DiNapoli (Reuters) -Procter & Gamble CEO Jon Moeller is stepping away from the top job after four years in the role, and the consumer goods giant said he would be succeeded by Chief Operating Officer Shailesh Jejurikar. Moeller will become executive chairman and “provide advice and counsel to the CEO …

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Cadence to plead guilty and pay $140 million to US for China sales

29 Jul 2025

By Karen Freifeld (Reuters) -Cadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions, the Justice Department said on Monday. Cadence is accused of violating export controls by illegally selling …

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Chile will ask US to include copper within US-Chile trade deal

29 Jul 2025

(Corrects paragraph four to show Chile’s talks with USTR are in the second round, not third) SANTIAGO (Reuters) -Chile expects U.S. copper tariffs to be discussed within broader U.S. trade talks in Washington this week, Finance Minister Mario Marcel said on Monday in an interview with local radio program Duna. Marcel added that Chile would …

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