Updated

Fitch revises Italy’s outlook to ‘positive’ on stronger fiscal performance

By Gavin Jones ROME (Reuters) -Global credit ratings agency Fitch on Friday revised its outlook on Italy to ‘positive’ from ‘stable’, citing recent improvements in the fiscal performance of the euro zone’s third largest economy and its commitment to EU budget regulations. The upgrade to the outlook is a boost to Prime Minister Giorgia Meloni’s …

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Some Lebanese Americans endorse Harris, expect more Lebanon support

By Andrea Shalal GRAND RAPIDS, Michigan (Reuters) -Some prominent Lebanese Americans on Friday endorsed Democrat Kamala Harris for president, saying in a letter that the U.S. had been “unrelenting” in its support for Lebanon under the Biden administration and they expect additional backing if Harris wins in November. The endorsement came amid ongoing Israeli attacks …

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Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks

By David French (Reuters) -The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. All three major Wall Street benchmarks also comfortably secured a sixth straight …

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Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

By Nidal al-Mughrabi CAIRO (Reuters) -At least 33 people were killed and 85 wounded in Israeli strikes that hit several houses on Friday in Jabalia, the largest of Gaza’s eight historic refugee camps, medics said, where residents said tanks blew up roads and houses. The Hamas-run Gaza government media office said the death toll from …

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Cigna resumes mega merger talks with rival health insurer Humana, Bloomberg News reports

(Reuters) – U.S. health insurer Cigna Group has revived efforts to merge with smaller rival Humana after abandoning the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter. The companies have held informal, early discussions recently about a potential deal, the report said. Shares of Humana, which has a …

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Peru’s Chinese-built mega port to soft launch in late November with Shanghai route

LIMA (Reuters) -Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an executive for port operator Cosco Shipping said on Friday. After the port’s inauguration in mid-November, it will initially cover a direct route to Shanghai …

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P&G posts surprise sales drop on slowing demand for face lotions, diapers

By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) -Tide maker Procter & Gamble reported a surprise drop in quarterly sales for the second time in a row, as consumers in the United States, its biggest market, bought fewer name brand products and Chinese shoppers shunned them. P&G’s CFO Andre Schulten sought to reassure investors, saying …

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Brazil’s Embraer delivers 57 non-defense aircraft in the third quarter

SAO PAULO (Reuters) -Brazilian planemaker Embraer delivered 57 non-defense aircraft in the third quarter, up 33% from a year earlier, it said on Friday. The world’s third-largest planemaker delivered 16 commercial and 41 executive jets in the quarter ended in September. In a securities filing, Embraer said its firm order backlog reached $22.7 billion at …

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