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U.S. asset manager aims to list cryptocurrency index fund

NEW YORK (Reuters) – Bitwise Asset Management Inc took steps to bring a cryptocurrency exchange-traded fund to market on Tuesday, reviving a race to list a bitcoin-linked investment in the United States. A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson The…

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Trade tariffs seen hurting Harley-Davidson’s earnings

CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) will give investors on Tuesday a fresh look at the impact of trade conflicts and a strong dollar on its profits, and analysts are bracing for bad news and more cost-cutting. FILE PHOTO: A U.S. flag is pictured in front of Harley-Davidson bikes at the “Hamburg…

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Honeywell eyes supplier shift to avoid tariff hit

(This version of the July 20 story corrects paragraph 1 to say company will increase the use of supply chain sources from non-China countries, not start sourcing from countries other than China) By Ankit Ajmera (Reuters) – U.S. industrial conglomerate Honeywell International Inc (HON.N) said on Friday it will increase the use…

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Alphabet trounces profit estimates as Google reins in costs

(Reuters) – Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.6 percent after hours. Google’s dominance in online advertising has been challenged…

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Halliburton shares plunge on Permian growth worries

(Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings. Halliburton said some of its customers are reducing activity and lowering their rig count because increased production in…

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Nike to raise wages for thousands of employees

(Reuters) – Nike Inc (NKE.N) said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives. Nike logo is seen in a shop in…

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Foreign investors take less U.S. Treasury supply at auctions

NEW YORK (Reuters) – Overseas investors purchased fewer U.S. government debt issues at auctions in early July, supporting the view that foreign appetite for U.S. bonds is waning due to trade friction and a strong dollar. Offshore private and government accounts bought $2.471 billion of the $22 billion in 10-year Treasury notes…

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BHP served with class action over Samarco dam failure

(Reuters) – Global miner BHP said on Monday it has been served with a class action proceeding in the Federal Court of Australia regarding the 2015 Samarco dam failure in Brazil. BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s logo at a round table meeting with…

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Dollar dips, stocks slip on Trump remarks

SYDNEY (Reuters) – The dollar declined on Monday against major currencies to its lowest in more than two weeks after U.S. President Donald Trump criticized the Federal Reserve’s tightening policy, while stocks slipped on fears of further trade protectionist measures. FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a…

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Mondelez voluntarily recalls some U.S. Ritz cracker products

NEW YORK (Reuters) – Mondelez Global LLC (MDLZ.O) has voluntarily begun recalling some Ritz Cracker sandwiches and Ritz Bits products over concern that they may include an ingredient tainted with Salmonella. The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012. REUTERS/Michael Buholzer The company said…

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EU’s Moscovici says trade differences persist after G20 talks

SAO PAULO (Reuters) – European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Sunday that differences of position on trade tensions remained after talks among G20 finance ministers in Argentina but the meeting was not tense. European Commissioner for Economic and Financial Affairs Pierre Moscovici arrives for a news conference…

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