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Dollar dips against euro as jobs gains offset by negative revisions

By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average …

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Russia’s Wagner threatens to leave Bakhmut, Ukraine says mercenaries reinforcing

By Felix Light and Caleb Davis (Reuters) -Russia’s main mercenary group announced plans on Friday to withdraw from the eastern Ukrainian city of Bakhmut, but Ukraine said the fighters were reinforcing positions to try to seize it before Russia marks World War Two Victory Day next week. Wagner Group leader Yevgeny Prigozhin said his men …

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Exclusive-Italy open to selling down MPS stake on market if terms, buyers are right – sources

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter told Reuters. Such an option, however, would only be considered if financially advantageous and as long …

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Florida legislature approves bill allowing board to cancel Disney deals

(Reuters) – Florida’s Senate on Thursday passed a bill that will allow a tourism board appointed by Governor Ron DeSantis to cancel development agreements its predecessor body signed, the latest salvo against the Walt Disney Co from the conservative leader. Under the bill, which now goes to DeSantis for signing into law, the Central Florida …

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UK PM Sunak’s Conservatives suffer steep losses in local elections

By Andrew MacAskill and Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak’s Conservatives suffered steep losses in Friday’s local election result, undermining his attempts to revive their fortunes and emboldening the opposition Labour Party before a national vote expected next year. Sunak came to power in October following a year of political scandals, surging …

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CNH Industrial raises revenue guidance on robust tractor demand

By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. Shares for the global industrial manufacturer rebounded in early trading …

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