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Moroccan miner Managem's revenues fall in Q1 on lower cobalt output

Moroccan miner Managem's revenues fall in Q1 on lower cobalt output RABAT, May 24 (Reuters) - Managem MNG.CS , Morocco's largest mining company, reported on Friday a 13% drop in revenue to 1.935 billion dirhams ($194 million) in the first three months of this year, citing lower cobalt output. Production at its Bou Azzer cobalt mine in the Atlas mountains has been reduced "to preserve resources," amid low prices in the international market, the company said in a statement.
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Verkor gets over 1.3 bln euros in financing for Dunkirk EV battery gigafactory

Verkor gets over 1.3 bln euros in financing for Dunkirk EV battery gigafactory May 24 (Reuters) - French battery start-up Verkor said on Friday it had secured more than 1.3 billion euros ($1.41 billion) in green financing for its first battery gigafactory in Dunkirk, finalising its funding. WHY IT'S IMPORTANT Europe is seeking to attract electric vehicle (EV) battery makers, as it tries to cut dependency on Asia and win a green subsidies race with the United States.
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Fed fears overwhelm AI theme, gold recoils

MORNING BID AMERICAS-Fed fears overwhelm AI theme, gold recoils A look at the day ahead in U.S. and global markets from Mike Dolan And then there was one. In an extraordinary turnabout in just five months, financial markets now fully price just one quarter-point interest rate cut from the Federal Reserve this year - compared to the six built into futures prices at the start of 2024. The good news is that's largely down to the sheer strength of the ongoing U.S.
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European stocks end week lower as rate worries resurface

REFILE-UPDATE 2-European stocks end week lower as rate worries resurface Refiles to add dropped word in headline STOXX 600 logs weekly decline of 0.4% Spain's Acciona warns on earnings outlook, shares fall Renault climbs after buyback, UBS upgrade By Sruthi Shankar and Johann M Cherian May 24 (Reuters) - European stocks ended lower on Friday and down for the week, as signs of persistent U.S.
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Renault up after share buy-back announcement, UBS raises to 'hold'

BUZZ-Renault up after share buy-back announcement, UBS raises to 'hold' ** Shares in Renault RENA.PA rise 2.7% after the French carmaker announced a share buy-back and UBS raised its rating to "neutral" from "sell" on potential cash returns for shareholders ** Renault says it intends to buy back up to 2 million of its own shares between May 24 and
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