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Analysis: Blackstone REIT restriction a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set …

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‘No sacred cows’ as pipeline company TC Energy prepares for C$5 bln asset sales

WINNIPEG, Manitoba, Dec 2 (Reuters) – As TC Energy Corp (TRP.TO) prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business. Chief Executive Francois Poirier cleared up any ambiguities this week when asked how much …

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US labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve …

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Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

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IPO market nearly paused, but exchange leaders expect 2023 boost

NEW YORK, Dec 1 (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters. NEXT conference. Global IPOs hit record-high levels in 2021, …

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Wall Street mixed; Dow pressured by selloff in Salesforce shares

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view US manufacturing shrinks for the first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders …

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Bank of Montreal posts lower quarterly profit as capital markets slump

Dec 1 (Reuters) – Canada’s Bank of Montreal (BMO.TO) posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased provisions for credit losses to brace for potential defaults in the face of a tepid economy. Net income, excluding one-off items, fell to C$2.14 billion ($1.59 billion), …

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Amazon to warn customers on the limitations of its AI

LAS VEGAS, Nov 30 (Reuters) – Amazon.com Inc (AMZN.O) is planning to roll out warning cards for software sold by its cloud-computing division, in light of ongoing concern that artificially intelligent systems can discriminate against different groups, the company told Reuters. Akin to lengthy nutrition labels, Amazon’s so-called AI Service Cards will be public so …

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Kronospan’s remedies did not address concerns on the Polish deal, EU’s Vestager says

BRUSSELS, Nov 30 (Reuters) – Austrian wood panel maker Kronospan failed to allay EU antitrust concerns over its bid for German wood maker Pfleiderer’s Polish unit, EU antitrust chief Margrethe Vestager said on Wednesday after the companies scrapped the deal. The European Commission opened a full-scale investigation into the deal in April and had subsequently …

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