| | | Bill Gross warns of recession risk if highly levered economies hike rates | | | NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-term interest rates without running the risk of a recession, influential bond investor Bill Gross of Janus Henderson Investors warned on Thursday. |
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| | | Shares rise, euro near 14-month high ahead of ECB | | | LONDON (Reuters) - World shares hovered at record highs on Thursday, as a cautious-sounding Bank of Japan lifted Asian stocks to a near decade peak and Europe bet on an incremental increase in confidence from the European Central Bank at its latest meeting. |
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| | | Craft brewer targets Nigerian palates and big brands | | | ABUJA (Reuters) - From pale ale with tangs of passion fruit and mango to a heady stout with 10 percent alcohol, a pioneering craft brewer in Nigeria is seeking to expand and grab more of a market dominated by Heineken and Diageo. |
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| | | Futures flat as investors await earnings deluge | | | (Reuters) - U.S. stock index futures were little changed on Thursday, a day after all three major indexes closed at record highs helped partly by technology stocks, while investors remained optimistic about earnings. |
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| | | ABB CEO faces pressure to improve profitability | | | ZURICH (Reuters) - ABB Chief Executive Ulrich Spiesshofer faces pressure to tackle lower profitability at the Swiss engineering company, after higher raw material prices and overcapacity issues dented its quarterly earnings. |
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| | | India's Jet Airways cutting junior pilot pay to trim costs: sources | | | NEW DELHI (Reuters) - Jet Airways , India's second-largest airline by market share, plans to slash pay of dozens of its junior pilots by as much as 50 percent in a cost-cutting move that could impact up to 400 pilots, according to two sources and letters seen by Reuters. |
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