By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned i[...]
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June 9, 2023
China’s BYD announces new Fang Cheng Bao brand of energy vehicles
BEIJING (Reuters) -BYD announced on Friday a new brand of electric vehicles (EV) ranging from off-road to sports cars as the company looks to meet more diversified consumer demand. The new brand is ca[...]
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Japanese investors plan to sue MUFG unit over Credit Suisse bonds – Nikkei
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 b[...]
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US weekly jobless claims race to 1-1/2-year high, economists urge caution
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are proba[...]
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Odey’s prime brokers review ties after misconduct allegations -sources
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs , JPMorgan and Morgan Stanley, are rev[...]
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Amazon, Target modify deliveries in areas with poor air quality
By Arriana McLymore and Deborah Mary Sophia (Reuters) -Amazon.com said on Thursday that it was cutting delivery routes short for drivers in places affected by poor air quality, while Target also said[...]
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Commonwealth Bank of Australia puts odds of Australian recession in 2023 at 50%
SYDNEY (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, on Friday put the odds of a recession in Australia this year at 50%, as the impact from the hefty monetary[...]
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Biden administration wants Congress to mandate flight delay compensation
By David Shepardson WASHINGTON (Reuters) -The Biden administration has submitted draft legislation to Congress that would mandate airlines pay cash compensation for delays of three hours or more when[...]
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Carmaker Toyota to invest $328 million in Mexico hybrid pickup plant
MEXICO CITY (Reuters) -Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes[...]
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