A look at the day ahead from Danilo Masoni. Sell first, get answers later. With stocks near lifetime peaks, the Black Friday reaction to the new fast-spreading virus strain Omicron was hardly surprising. But a weekend later, investors...
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Omicron threatens oil demand recovery, already hit by Europe’s rising COVID cases
By Florence Tan and Heekyong Yang (Reuters) – Asian oil refiners’ margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery,...
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Nissan to spend $17.6 billion over 5 years in electrification push
By Tim Kelly TOKYO (Reuters) – Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas...
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Macau casino shares plunge amid arrests, junket mogul believed detained
By Anne Marie Roantree and Eduardo Baptista HONG KONG (Reuters) – Macau casino stocks tumbled on Monday, rattled by the arrests of 11 people over alleged links to cross-border gambling and money laundering, with the founder of the...
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U.S. Commerce chief to make pitch for chips funding in Michigan
By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review...
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UK regulator set to block Meta’s Giphy deal – FT
(Reuters) -The UK competition regulator is expected to block Meta Platforms’ acquisition of online GIF platform Giphy in the coming days, the Financial Times reported https://www.ft.com/content/662c8e3f-4909-4bec-9131-c0237bb4897d...
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