Nasdaq on track for correction, falls 10% below record closing high
(Corrects dateline) (Reuters) – The Nasdaq index tumbled on Wednesday, on track to confirm a correction as it briefly shed more than 10% from its record closing high on Nov.
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Unilever will not increase 50-billion-pound offer for GSK consumer arm
(Reuters) – Unilever (NYSE:UL) PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline (NYSE:GSK)’s consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound
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Citigroup sets rare hard target to reduce energy sector emissions
By Ross Kerber BOSTON (Reuters) -Citigroup Inc on Wednesday laid out goals to cut client emissions that included a rare “absolute reduction” target for companies in the energy sector by
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Israel stocks lower at close of trade; TA 35 down 0.65%
Investing.com – Israel stocks were lower after the close on Wednesday, as losses in the Communication, Technology and Biomed sectors led shares lower. At the close in Tel Aviv, the
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UnitedHealth says Omicron-driven cost impact cushioned by healthcare deferrals
By Manojna Maddipatla (Reuters) -UnitedHealth Group Inc on Wednesday said added costs of testing and treatment related to the recent surge in COVID-19 cases are being offset by postponements of
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U.S., UK agree to start talks to resolve steel, aluminum dispute
By David Lawder and David Shepardson WASHINGTON (Reuters) -The United States and Britain on Wednesday agreed to launch talks aimed at resolving their trade dispute over U.S. steel and aluminum
Economy
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Luckin Coffee plans to relist in U.S. two years after accounting fraud – FT
(Reuters) -Luckin Coffee plans to relist its shares in the United States, the Financial Times reported https://www.ft.com/content/f8327af5-5203-44fd-acc7-267c7b475fa7 on Wednesday, two years after the Chinese coffee chain’s $300 million accounting scandal.
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Oil hits 2014 highs as Turkey outage adds to supply concerns
By Laura Sanicola (Reuters) – Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about
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Texas power plants ready for winter, grid says ahead of cold snap
By Scott DiSavino (Reuters) – Nearly all of Texas’ electric generation units and transmission facilities have passed the state’s new winterization rules, the state grid reported just before the expected
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UK sees highest inflation since 1992, pressuring BoE and households
By David Milliken and Andy Bruce LONDON (Reuters) -Inflation in Britain rose faster than expected to its highest in nearly 30 years in December, intensifying a squeeze on living standards