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Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory …

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US Supreme Court again nixes Bayer challenge to weedkiller suits

WASHINGTON, June 27 (Reuters) – The US Supreme Court on Monday rejected another Bayer AG (BAYGn.DE) bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages . The justices turned away a Bayer appeal and left in place …

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Large US law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

June 26 (Reuters) – The largest US law firms did not take a public stance following the US Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case. The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi …

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Airlines cancel over 700 US flights as labor crunch, bad weather weigh

June 27 (Reuters) – Airlines canceled over 700 flights in the United States on Monday, as adverse demand weather and a shortage of staff hurt their ability to keep up with a surge in summer travel. Total flight cancellations within, into, or out of the United States as of 1.07 pm ET were 747, as …

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Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first …

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Apple ready to bargain with its first US store to unionize: source

June 24 (Reuters) – Apple Inc (AAPL.O)accepts the outcome of a vote by Maryland store workers to become its first US employees to join a union and is ready to bargain with them, a person familiar with the matter told Reuters on Friday. Apple is one of several major American companies whose workforces have moved …

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Oil settles up but posts weekly decline on recession fears

Brent, US crude head for second weekly decline Fed’s inflation fight is ‘unconditional,’ Powell says US consumer sentiment at record low, inflation outlook improves OPEC+ seen sticking to plan at June 30 meeting June 24 (Reuters) – Oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they …

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