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Boring is 'amazing' for steady returns: Epoch's Van Valen

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NEW YORK (Reuters) – The gains of internet-related stocks in recent years have cast a shadow over what a dull but steady income stream from dividends can do for investors. Kera Van Valen, managing director and portfolio manager at Epoch Investment Partners, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., Read More

Elon Musk's 'Teslaquila' drink faces clash with Mexican tequila industry

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MEXICO CITY (Reuters) – Tesla Inc co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.” FILE PHOTO: Farmers, also known as jimadores, load blue agave hearts onto a truck after harvest in Tequila, Read More

Amazon picks New York City, Washington D.C. area for new offices

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SAN FRANCISCO/WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online retailer plans to spend Read More

S&P, Dow lose ground as crude plunge punishes energy stocks

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NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, Read More

Germany plans 3 billion in AI investment: government paper

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BERLIN (Reuters) – The German government has set aside around 3 billion euros for research and development of artificial intelligence, as Europe’s economic powerhouse seeks to close a gap in software-led innovation between it and America and Asia. The sum to be spent up to 2025, outlined in a draft paper seen by Reuters on Read More

ADNOC signs ultra-sour gas concession with Eni

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11/13/2018 Abu Dhabi — The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multi-national oil and gas company, ENI, awarding it a 25% stake in its offshore ultra-sour gas mega project. The Ghasha Concession consists of the Hail, Ghasha, Dalma Read More

More pain in store for Italian bonds: NN IP CIO

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LONDON (Reuters) – Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment Partners’ chief investment officer said on Tuesday. Head of asset allocation at NN Investment Partners, Valentijn van Nieuwenhuijzen, speaks Read More

Wall Street gives up early gains as energy weighs on stocks

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NEW YORK (Reuters) – Wall Street struggled for momentum on Tuesday, giving up early gains as a rebound in technology stocks and renewed hope for progress in trade talks were offset by drops in Boeing and energy stocks. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Read More

Amazon picks New York City, Washington D.C. area for $5 billion new headquarters

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SAN FRANCISCO/WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new developments Read More

Emerging debt, unlike most fixed income, not expensive: TCW's Foley

5 hours ago DieselGasoil Comments Off on Emerging debt, unlike most fixed income, not expensive: TCW's Foley
NEW YORK (Reuters) – Emerging market debt is a rare fixed-income class that does not look too expensive, and could be an even more attractive investment if the U.S. dollar weakens, according to Penny Foley, portfolio manager for TCW Group Inc’s emerging markets and international equities groups. Penny Foley, Portfolio Manager for the TCW Emerging Read More