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Putin cancels option for roubles conversion at Gazprombank in Russian gas payments

MOSCOW (Reuters) -Russian President Vladimir Putin cancelled the option for buyers of Russian gas to convert currency into roubles at Gazprombank, a presidential decree showed on Thursday, complicating the payments process as buyers must now convert their currency elsewhere. U.S. sanctions on Gazprombank imposed last month mean Gazprombank cannot handle any new energy-related transactions that …

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Lululemon raises annual forecasts betting on robust holiday sales

By Juveria Tabassum (Reuters) -Lululemon Athletica increased its full-year forecasts on Thursday, betting on resilient demand for its athletic wear in the U.S. during the holiday shopping season and continued strength in its international business. The company’s shares rose about 8% in extended trading, with Lululemon approving an increase of $1 billion to its stock …

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Brazil charges Volkswagen unit with treating farm workers like slaves decades ago

SAO PAULO (Reuters) – Brazilian labor prosecutors charged Volkswagen’s local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they said on Thursday. Volkswagen do Brasil said in a statement it had not been formally notified of the charges yet. Volkswagen committed …

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Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria

(Reuters) -Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 in Thursday’s Asian morning, boosted by U.S. President-elect Trump’s nomination of …

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Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro rallied on Thursday as French government bonds steadied a day after the collapse of France’s government, even as bitcoin soared to a record past $100,000, with investors cheering the nomination of a pro-cryptocurrency head to run the U.S. Securities and Exchange Commission. The spread between French and …

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Startup asset manager opposing DEI-linked investing plans Mar-a-Lago rollout

By Suzanne McGee (Reuters) -A fledgling asset manager plans to unveil an exchange-traded fund which avoids companies that commit to quantitative diversity, equity and inclusion (DEI) measures, with the rollout planned at U.S. President-elect Donald Trump’s Mar-a-Lago residence on Thursday. The fund, named the Azoria Meritocracy ETF, will invest in companies in the Standard & …

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Memphis police discriminate against Black people, US Justice Dept finds

By Brad Brooks (Reuters) -The Memphis Police Department uses excessive force and discriminates against Black people, the U.S. Justice Department said on Wednesday following an investigation, calling on the Tennessee city’s police to undertake significant reforms.  The federal investigation began in July 2023, in the wake of the beating death of Black motorist Tyre Nichols …

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Wall Street stocks, bitcoin take breath from record highs ahead of US jobs data

By Lawrence Delevingne, Dhara Ranasinghe BOSTON/LONDON (Reuters) -Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report.  France’s government lost a confidence vote late on Wednesday for the first time since 1962, …

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