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A logo is seen at Siemens Energy's site on the day of German Chancellor OIaf Scholz's visit, during which he saw a gas turbine meant to be transported to the compressor station of the Nord Stream 1 gas pipeline in Russia, in Muelheim an der Ruhr, Germany, August 3, 2022.

Albemarle, Cummins receive tax credits under Biden's clean energy drive

Reuters |Updated 3 minutes ago |2 min read

(Reuters) - Albemarle, Cummins and Siemens Energy are some companies that received tax credit under a section of the Inflation Reduction Act (IRA), according to details released on Friday by the U.S. Department of Energy (DOE). Thirty five ...

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024.

IMF urges Bank of Japan to tread cautiously in raising interest rates

Leika Kihara |Updated 23 minutes ago |3 min read

By Leika Kihara WASHINGTON (Reuters) - The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada ...

People walk outside the New York Stock Exchange in New York, U.S., December 29, 2023.

Short sellers recoup losses as rally in US stocks loses steam

Shristi Achar A |Updated 33 minutes ago |2 min read

By Shristi Achar A (Reuters) - Short sellers have been raking it in over the last 30 days as receding bets of an early interest rate cut by the U.S. Federal Reserve triggered a selloff in the equity market. Traders have made a mark-to-market ...

A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes, France, February 15, 2019.

Alstom sells North American conventional signalling business for around $670 million

Reuters |Updated 43 minutes ago |1 min read

(Reuters) - French train manufacturer Alstom has agreed to sell its North American conventional rail signalling business to German rail systems manufacturer Knorr-Bremse AG for around 630 million euros ($671 million), it said on Friday. The ...

People walk around the New York Stock Exchange in New York, U.S., December 29, 2023.

Wall Street 'fear gauge' flashes as volatility dogs US stocks

Saqib Iqbal Ahmed |Updated 43 minutes ago |2 min read

By Saqib Iqbal Ahmed NEW YORK (Reuters) - A cocktail of interest rate anxiety and geopolitical tensions is keeping U.S. stock investors defensive and driving Wall Street’s most closely watched volatility gauge to its highest level in half a year.

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.

Analysis-Ample oil supplies limit impact of MidEast flare-up on prices

Natalie Grover, Robert Harvey |Updated 43 minutes ago |3 min read

By Robert Harvey and Natalie Grover LONDON (Reuters) - Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders. Brent crude ...

An Apple logo is pictured in an Apple store in Paris, France, March 6, 2024.

Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

Foo Yun Chee |Updated 1 minutes ago |1 min read

By Foo Yun Chee BRUSSELS (Reuters) - Apple's offer to open its tap-and-go mobile payments system to rivals is set to be approved by EU antitrust regulators as soon as next month after it tweaked some of the terms, people familiar with the matter ...

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022.

Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'

Reuters |Updated 53 minutes ago |2 min read

(Reuters) - Shares of Donald Trump's media and technology company were up more than 3% on Friday after it asked the Nasdaq exchange to help prevent "naked" short-selling in its shares. Trump Media & Technology Group has alerted the CEO of ...

The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022.

Hedge funds turn bearish in April, Goldman says

Nell Mackenzie |Updated 1 hour ago |2 min read

By Nell Mackenzie LONDON (Reuters) - Hedge funds globally have turned the most bearish they've been on equities this year, a Goldman Sachs note said, as sticky inflation and renewed geopolitical concern have dragged stock markets lower. They ...

U.S. Federal Reserve Chair Jerome Powell speaks at the 2024 Business, Government & Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.

Column-Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever

Jamie McGeever |Updated 1 hour ago |4 min read

By Jamie McGeever ORLANDO, Florida (Reuters) - Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could stay "restrictive" rather than "higher" for ...

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