Finance

US Fed starts easing path, other major central banks on hold

US Fed starts easing path, other major central banks on hold

By Sara Rossi LONDON (Reuters) -The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. Th...

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Mars to invest €1bn in Europe as Kellanova deal remains unresolved

Mars to invest €1bn in Europe as Kellanova deal remains unresolved

American multinational confectionery firm Mars will invest €1 billion in Europe by the end of 2026, the sweetmaker announced on Thursday. The funding will go towards boosting manufacturing and inn...

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Brazil’s Natura enters agreement to sell Avon International

Brazil’s Natura enters agreement to sell Avon International

SAO PAULO (Reuters) -Brazilian cosmetic marker Natura has entered into a binding agreement to sell Avon International to an acquisition vehicle that is an affiliate of Regent, the company said in...

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Bank of England holds main UK interest rate at 4% with inflation above target

Bank of England holds main UK interest rate at 4% with inflation above target

The Bank of England (BoE ) held its main interest rate at 4% on Thursday as inflation in the UK remains stubbornly high. The decision was widely anticipated, as was the split of votes on the nine-...

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GE Healthcare exploring stake sale in China unit, Bloomberg News reports

GE Healthcare exploring stake sale in China unit, Bloomberg News reports

(Reuters) – Medical device maker GE Healthcare is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing peopl...

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Nvidia’s $5 billion bet on Intel

Nvidia’s $5 billion bet on Intel

(Reuters) –Nvidia said on Thursday it will invest $5 billion in Intel, throwing its heft behind the struggling U.S. chip foundry weeks after the White House engineered a deal for the U.S. go...

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