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Global shares slip as worries about rising oil prices offset boost from strong earnings

Global shares slip as worries about rising oil prices offset boost from strong earnings

Global shares are mostly lower, as rising oil prices and worries about inflation weigh on investor sentiment
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Baidu revenue misses as advertising slide outweighs AI cloud gains

Baidu revenue misses as advertising slide outweighs AI cloud gains

Aug 18 (Reuters) - China's Baidu missed Wall Street estimates for second-quarter revenue on Tuesday as declines in its core advertising business offset growth in AI-linked cloud services, sending its U.S.-listed shares down 3.5% in premarket trading.
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Exclusive-Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

Exclusive-Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

By Summer Zhen and Kane Wu HONG KONG, Aug 17 (Reuters) - Online fast-fashion retailer Shein is eyeing a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, sources said, as its growth has slowed.
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Bond yields jump, oil extends gains as US-Iran ceasefire expires

Bond yields jump, oil extends gains as US-Iran ceasefire expires

By Gregor Stuart Hunter SINGAPORE, Aug 18 (Reuters) - Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a U.S.-Iran truce expired and Tehran threatened to adopt a "fully offensive" military posture.
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Trading Day: Bonds play the blues

Trading Day: Bonds play the blues

By Jamie McGeever ORLANDO, Florida, Aug 17 (Reuters) - Long-dated government bond yields around the world rose on Monday to levels not seen in decades. This weighed on stocks, which were also pressured by deepening skepticism around a U.S.-Iran peace deal and oil prices rising to a six-week high.
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Bond yields rise, oil extends gains as US-Iran ceasefire expires

Bond yields rise, oil extends gains as US-Iran ceasefire expires

By Gregor Stuart Hunter SINGAPORE, Aug 18 (Reuters) - Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day and stocks under pressure in Asian trade as a U.S.-Iran truce expired and Tehran threatened to adopt a "fully offensive" military posture.
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Dollar slips to lowest since early June as rate hike bets fade

Dollar slips to lowest since early June as rate hike bets fade

By Niket Nishant and Gregor Stuart Hunter Aug 17 (Reuters) - The dollar fell to its lowest level in more than two months on Monday as traders trimmed U.S. rate hike bets against the backdrop of a run of softer economic data, leaving the euro at two-month highs and the battered yen on stronger ground
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Anthropic revenue run rate tops $65 billion, source says

Anthropic revenue run rate tops $65 billion, source says

Aug 17 (Reuters) - Anthropic's annual revenue run rate topped $65 billion by the end of July, a person familiar with the matter said on Monday, underscoring the Claude creator's rapid growth ahead of a potential public listing later this year.
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China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

BEIJING, Aug 18 (Reuters) - Chinese autonomous driving company Pony.ai has a pipeline of planned and potential overseas robotaxi deployments of more than 4,000 vehicles, it said on Tuesday, as it seeks to accelerate its expansion beyond China.
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New Zealand's a2 Milk full-year profit falls 44% on weaker China-label IMF sales

New Zealand's a2 Milk full-year profit falls 44% on weaker China-label IMF sales

Aug 17 (Reuters) - New Zealand's a2 Milk reported a 44% drop in its full-year profit on Monday as customers switched to other brands after supply chain disruptions left its key China-label infant milk formula (IMF) product out of stock.
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Swimming-Pallister stuns Ledecky in 800m free as Douglass resets 50m world mark twice

Swimming-Pallister stuns Ledecky in 800m free as Douglass resets 50m world mark twice

Aug 15 (Reuters) - Australia's Lani Pallister led wire-to-wire to win the 800 metre freestyle at the Pan Pacific Championships on Saturday, ending Katie Ledecky's long unbeaten run in one of the American's signature events.
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Morning Bid: Could consumers keep the Fed on hold, while Japan hikes?

Morning Bid: Could consumers keep the Fed on hold, while Japan hikes?

Aug 17 (Reuters) - A look at the day ahead in European and global markets from Tom Westbrook The indomitable U.S. consumer may finally have taken a beat, and Friday's figures showing the first fall in U.S. retail sales for nine months will put the spotlight on earnings at Walmart and Home Depot this