Uncategorized – Page 279 – I wish I had more to offer

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TOKYO, Jan 31 (Reuters) – Shares of Nissan Motor Corp (7201.T) rose in early trade in Tokyo on Tuesday, after the Japanese automaker and its French partner Renault SA (RENA.PA) announced a sweeping overhaul of their two-decade-old alliance putting them on equal footing. Nissan shares were up almost 2%, outperforming a flat Nikkei 225 share… Continue reading Untitled

Samsung Electronics’ Q4 profit falls 69% as device demand drops, article with image

SEOUL, Jan 31 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) reported a 69% plunge in fourth-quarter profit on Tuesday, as consumer demand for electronic devices dropped and clients tightened their belts on a weak economy, dragging down memory chip prices. The world’s biggest maker of memory chips and smartphones said October-December operating profit… Continue reading Samsung Electronics’ Q4 profit falls 69% as device demand drops, article with image

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U.S. says FTX founder Bankman-Fried needs limits on communications, asset access, article with image

NEW YORK, Jan 30 (Reuters) – The U.S. government on Monday urged a judge to reject Sam Bankman-Fried’s claim it went too far by insisting that the indicted founder of the now-bankrupt FTX cryptocurrency exchange be banned from contacting his former colleagues. In a letter to U.S. District Judge Lewis Kaplan in Manhattan, prosecutors also… Continue reading U.S. says FTX founder Bankman-Fried needs limits on communications, asset access, article with image

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LIMA, Jan 30 (Reuters) – The huge Chinese-owned Las Bambas copper mine in Peru, normally the supplier of 2% of the metal worldwide, could halt production this week due to protests and blockades that are starting to snarl output of the red metal amid already tight global supply. The Andean nation, the world’s second-largest copper… Continue reading Untitled

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Jan 30 (Reuters) – Twitter Inc is working to introduce payments on the social media platform and has begun applying for regulatory licenses, the Financial Times reported on Monday, citing people familiar with the matter. New boss Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising… Continue reading Untitled

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Twitter makes first interest payment on Musk buyout debt – Bloomberg News, article with image

Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. The Tesla (TSLA.O) boss borrowed $13 billion to close the Twitter… Continue reading Twitter makes first interest payment on Musk buyout debt – Bloomberg News, article with image

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NEW YORK, Jan 30 (Reuters) – U.S. lender Citizens Financial Group (CFG.N) cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes cautious on certain businesses as it factors in risk of a recession, its chief executive officer said in a interview. Moody’s Investors Service… Continue reading Untitled

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Jan 30 (Reuters) – German arms manufacturer Rheinmetall (RHMG.DE) on Monday said its United States unit has won a contract for the first phase of the U.S. Army’s tactical truck programme, in cooperation with General Motors’ (GM.N) defence unit GM Defence. The aim of the programme is to supply up to 40,000 trucks valued at… Continue reading Untitled