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RBA Hikes Key Rate To 12-Year High

Australia's central bank raised its benchmark rate by a quarter-point to a 12-year high, ending a four-session long pause, as inflation is likely to be more persistent than estimated though policymakers suggested that any further tightening is off the table. The policy board of the Reserve Bank of Australia, headed by Governor Michele Bullock, decided to lift the cash rate target by 25 basis poin

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Zimmer Biomet Trims FY23 Revenue Growth Outlook - Update

While reporting financial results for the third quarter on Tuesday, medical technology firm Zimmer Biomet Holdings Inc. (ZBH) reaffirmed its adjusted earnings outlook for the full-year 2023, while trimming annual revenue growth guidance.

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GEO Group Q3 Revenues Top Estimates; Backs FY23 Revenue Outlook

The GEO Group, Inc. (GEO) reported Tuesday that net income attributable to the company for the third quarter declined to $24.52 million or $0.16 per share from $38.34 million or $0.26 per share in the prior-year quarter.

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SoftBank-backed WeWork Files For Bankruptcy

Flexible space provider WeWork, which is backed by Japanese technology major SoftBank Group, filed for Chapter 11 bankruptcy protection. The company, which was once valued at $47 billion, has entered into restructuring support agreement with its key financial stakeholders, with a view to drastically reducing its existing funded debt.

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Adecco Group Reiterates Financial Goals And Capital Allocation Metrics

Ahead of its Capital Markets Day in London later on Tuesday, talent company Adecco Group (AHEXY.PK, ADO.L) reiterated its financial goals and capital allocation metrics.

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UBS Posts Q3 Loss On Credit Suisse Integration; Stock Up On Underlying Profit

Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year's profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all segments. UBS shares were gaining more than 3 percent in the morning trading in Switzer

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