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Italy's OVS shares surge further

MILAN, Sept 23 (Reuters): Shares in OVS rose for a second straight session on Thursday after the Italian clothing chain posted a record quarterly core profit and gave upbeat 2021 forecasts, leaving behind the damage wrought by the COVID-19 pandemic.Shares in OVS rose 6 per cent to 1.94 euros by...

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US stock index futures rise

US stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve's plans for tapering, reports Reuters.The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November,...

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Euro zone bond yields rise -

LONDON, Sept 23 (Reuters): Euro zone government bond yields rose on Thursday as the Federal Reserve signalled it would likely begin reducing monthly bond buying as soon as November, Norway lifted rates and a rally in stocks dented the appeal of safe-haven debt.Business activity data showing input prices in the...

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World stocks rally -

LONDON, Sept 23 (AFP): Stock markets rallied Thursday as the Federal Reserve moved closer to tapering its huge emergency stimulus.Equities have won back ground from last week's sharp falls thanks also to easing concerns over troubled Chinese property giant Evergrande.Stocks had tumbled over fears that the group could collapse, leading...

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BoE nudges up inflation outlook

LONDON, Sept 23 (Reuters): The Bank of England (BoE) said inflation would rise above 4.0 per cent later this year, and two policymakers called for an early end to the central bank's quantitative easing programme due to rising price pressures.Policymakers voted 7-2 to stick with the 895 billion pound ($1.2...

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Dairy giant Fonterra stays in black despite pandemic

WELLINGTON, Sept 23 (AFP): New Zealand farming giant Fonterra posted a 9.1 per cent fall in yearly profits Thursday, with the world's largest dairy exporter describing it as a strong result in a global pandemic.The cooperative anno-unced an annual net profit of NZ$599 million for the 12 months to July...

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GM invests in Chinese startup Momenta

BEIJING, Sept 23 (Reuters): General Motors Co said on Thursday it will invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China, its first such tie-up in the world's biggest car market.The Momentum was among the few companies that held a permit...

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Samsung in talks with Tesla to make next-gen self-driving chips

SEOUL, Sept 23 (Reuters): Samsung Electronics is in talks with Tesla to make Tesla's next-generation self-driving chips based on Samsung's 7-nanometre chip production process, a South Korean newspaper reported on Thursday.Since the beginning of this year, Tesla and Samsung have discussed chip design multiple times and exchanged chip prototypes for...

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