By Josh Ye HONG KONG (Reuters) – Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up it[...]
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March 16, 2023
Holcim acquires HM Factory to enter precast market in Poland
ZURICH (Reuters) – Holcim on Thursday said it has acquired HM Factory, a provider of precast concrete products for an undisclosed sum. HM Factory, which makes products used in walls, staircases[...]
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Sweden faces recession as housing market troubles take toll on economy
By Simon Johnson STOCKHOLM (Reuters) -For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits, was a risk[...]
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Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown
By Munsif Vengattil, Aditya Kalra and Saurabh Sharma NEW DELHI/LUCKNOW (Reuters) – Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse[...]
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On the precipice: How Credit Suisse’s day of drama unfolded
NEW YORK (Reuters) – On March 16, 2008, Bear Stearns was forced into the arms of JPMorgan Chase & Co in a dramatic weekend rescue after Wall Street turned on the investment bank, fearing it[...]
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Marketmind: ECB into the eye of banking storm
A look at the day ahead in European and global markets from Tom Westbrook The European Central Bank (ECB) meets today for the first big test of policymakers’ response to bank stability fears tha[...]
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Japan registers two straight years of export growth in February, outlook less rosy
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) – Japan posted two straight years of export gains in February, led by solid U.S.-bound shipments of cars, although expectations of a stron[...]
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Analysis-Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
By Francesco Guarascio HANOI (Reuters) – Vietnam has enjoyed a wave of investment from China since its neighbour abruptly canned its strict virus-containment strategy and unleashed pent-up inter[...]
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Exclusive-Apple supplier Foxconn wins AirPod order, plans $200 million factory in India – source
By Yimou Lee TAIPEI (Reuters) -Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple Inc and plans to build a factory in India to produce the wireless earphones, two peopl[...]
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