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US DOJ tells court to reject TikTok challenge to crackdown law

REFILE-US DOJ tells court to reject TikTok challenge to crackdown law Corrects headline to add dropped space, no change to story text By David Shepardson July 26 (Reuters) - The Justice Department late on Friday asked a U.S. appeals court to reject legal challenges to a law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.
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US DOJ tells court to reject TikTok challenge to crackdown law

REFILE-UPDATE 1-US DOJ tells court to reject TikTok challenge to crackdown law Corrects headline to add dropped space, no change to story text By David Shepardson July 26 (Reuters) - The Department of Justice late on Friday asked a U.S. appeals court to reject legal challenges to a law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan.
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Being boring key to central bank success says SNB's Jordan

Being boring key to central bank success says SNB's Jordan ZURICH, July 27 (Reuters) - Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday. Jordan, who is due to step down at the end of September, defended his record steering the central bank through a raft of crises over the past 12 years.

US DOJ tells court to reject TikTok challenge to crackdown law

REFILE-US DOJ tells court to reject TikTok challenge to crackdown law Corrects headline to add dropped space, no change to story text By David Shepardson July 26 (Reuters) - The Justice Department late on Friday asked a U.S. appeals court to reject legal challenges to a law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.
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Vietnam's Jan-July foreign investment inflows up 8.4% y/y at $12.55 bln

Vietnam's Jan-July foreign investment inflows up 8.4% y/y at $12.55 bln HANOI, July 27 (Reuters) - Vietnam received foreign investment inflows of $12.55 billion from the start of the year to July 20, up 8.4% from the corresponding period a year earlier, the planning and investment ministry said on Saturday. Foreign investment pledges, which indicate the size of future inflows, rose 10.9% in the period to $18 billion, it said in a report.

China's industrial profits post faster gains in June despite faltering economy

UPDATE 2-China's industrial profits post faster gains in June despite faltering economy China June industrial profits +3.6% y/y vs +0.7% y/y in May June profit growth quickens despite slowing economy H1 industrial profits +3.5% y/y vs +3.4% in Jan-May Adds statistician's comments in paragraph 3-4 BEIJING, July 27 (Reuters) - China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a
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Starbucks Corp <SBUX.OQ> expected to post earnings of 93 cents a share - Earnings Preview

Starbucks Corp expected to post earnings of 93 cents a share - Earnings Preview Starbucks Corp SBUX.OQ SBUX.O is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024 The Seattle Washington-based company is expected to report a 0.8% increase in revenue to $9.242 billion from $9.17 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data.
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US union and Apple reach tentative labor agreement

UPDATE 2-US union and Apple reach tentative labor agreement Adds details of the agreement in paragraph 3 July 26 (Reuters) - The International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple AAPL.O on Friday over improvement in work-life balance, pay raises and job security.
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IAM Says IAM Core, First U.S. Unionized Apple Retail Store Workers, Reach Tentative Labor Agreement With Apple- Website

BRIEF-IAM Says IAM Core, First U.S. Unionized Apple Retail Store Workers, Reach Tentative Labor Agreement With Apple- Website July 26 (Reuters) - Apple Inc AAPL.O : IAM: IAM CORE, FIRST U.S. UNIONIZED APPLE RETAIL STORE WORKERS, REACH TENTATIVE LABOR AGREEMENT WITH APPLE- WEBSITE Source text: https://tinyurl.com/2mh8c3mw Further company coverage: A
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Motiva plans to restart Texas FCC over weekend, sources say

UPDATE 1-Motiva plans to restart Texas FCC over weekend, sources say Adds company spokesperson unavailable, background on outage HOUSTON, July 26 (Reuters) - Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day (bpd) Port Arthur, Texas, refinery as early as Saturday, people familiar with plant operations said.

US union and Apple reach tentative labor agreement

US union and Apple reach tentative labor agreement July 26 (Reuters) - The International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple AAPL.O on Friday over improvement in work-life balance, pay raises and job security. Workers at the Towson, Maryland, Apple retail store, the first in the country to unionize, will vote on the tentative agreement on Aug.
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Motiva plans to restart Texas FCC over weekend, sources say

Motiva plans to restart Texas FCC over weekend, sources say HOUSTON, July 26 (Reuters) - Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day (bpd) Port Arthur, Texas, refinery as early as Saturday, people familiar with plant operations said. Motiva plans to finish repairing a leak on the 81,000-bpd FCC on Saturday and begin the restart, the sources said.

Biden will announce Supreme Court reform plans on Monday, Politico reports

UPDATE 1-Biden will announce Supreme Court reform plans on Monday, Politico reports Adds details in paragraphs 2-4 July 26 (Reuters) - U.S. President Joe Biden will announce plans to reform the Supreme Court on Monday, Politico reported citing two people familiar with the matter, adding he was likely to back term limits for justices and an enforceable code of ethics.

RFK Jr questions Trump's recent pro-crypto tone as the two vie for votes

RFK Jr questions Trump's recent pro-crypto tone as the two vie for votes By Stephanie Kelly NASHVILLE, July 26 (Reuters) - Independent U.S. presidential candidate Robert F. Kennedy Jr on Friday questioned Republican nominee Donald Trump's recent pro-cryptocurrency stance, as the two vie for votes in November's election from crypto-holders at the Bitcoin 2024 conference.
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Biden will announce Supreme Court reform plans on Monday, Politico reports

Biden will announce Supreme Court reform plans on Monday, Politico reports July 26 (Reuters) - U.S. President Joe Biden will announce plans to reform the Supreme Court on Monday, Politico reported citing two people familiar with the matter, and that he was likely to back term limits for justices and an enforceable code of ethics. Biden said earlier this week during an Oval Office address that he would call for reform of the court.

Yellen says Japan explained 2022 FX intervention, Nikkei reports

Yellen says Japan explained 2022 FX intervention, Nikkei reports TOKYO, July 27 (Reuters) - U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday. "The Japanese government did explain to us that they saw volatility," Yellen told the Nikkei, referring to Japan's forex intervention in 2022. "There had been quite large movements in a short period of time.
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Hedge fund study on U.S. Treasury issuance fuels debate

Hedge fund study on U.S. Treasury issuance fuels debate By Davide Barbuscia NEW YORK, July 26 (Reuters) - A hedge fund study that said the U.S. Treasury last year effectively provided economic stimulus by moderating long-dated bond sales has sparked a debate in the bond market and a denial from the U.S. Treasury that said it was not aiming for such an effect.

FSD Pharma Inc <HUGE.CD> expected to post a loss of 6 cents a share - Earnings Preview

FSD Pharma Inc expected to post a loss of 6 cents a share - Earnings Preview FSD Pharma Inc HUGE.CD is expected to report resultson July 29 (estimated) for the period ending June 30 2024 ​LSEG's mean analyst estimate for FSD Pharma Inc is for a loss of 6 cents per share. The one available analyst rating on the shares is "buy". The average consensus recommendation for the biotechnology & medical research peer group is also "Buy".​ Wall Street's median 12-month price target for FSD Pharma In

Yellen: Emerging markets share concerns on China's excess factory capacity

Yellen: Emerging markets share concerns on China's excess factory capacity By David Lawder RIO DE JANEIRO, July 26 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that emerging markets, including some G20 countries, share her concerns about China's excess industrial capacity and should press Beijing to change its economic model. THE TAKE: Yellen told Reuters in an interview that the concerns about China overinvesting in factories and flooding the world with cheap goods extends we

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

G20 agrees to tackle taxation of the super-rich, but forum not yet decided By Bernardo Caram and Marcela Ayres RIO DE JANEIRO, July 26 (Reuters) - The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda.

Six banks settle European bond price fixing litigation in New York

Six banks settle European bond price fixing litigation in New York By Jonathan Stempel NEW YORK, July 26 (Reuters) - Six banks including Bank of America BAC.N and Citigroup C.N agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies JEF.N , NatWest NWG.L , Nomura 8604.T and UBS UBSG.S was filed late Friday in Manhattan federal court, and require
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