NEW YORK (Reuters) – U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a se[...]
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July 7, 2023
China fines Ant 7.1 billion yuan
BEIJING (Reuters) – China’s central bank on Friday announced a fine of 7.12 billion yuan ($984 million) for Ant Group. Reuters reported earlier on Friday that the People’s Bank of Ch[...]
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Continental to phase out activities at Gifhorn plant by end of 2027
BERLIN (Reuters) -Continental said on Friday it planned to phase out business activities at its Gifhorn plant by the end of 2027, with 450 out of 900 jobs at the site initially affected. The decision[...]
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Tesla offers cash rebate on top models in China
(Corrects range of price cuts in Japan in last paragraph to between 3% and 4%, not 3% and $5) BEIJING (Reuters) – Tesla on Friday said it would offer new buyers of its top-selling electric vehic[...]
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Fisker misses second-quarter production target due to parts shortage
(Reuters) -Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading.[...]
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Investors focused on June US jobs data after yields spike
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are on edge ahead of Friday’s U.S. jobs report after more evidence of economic resilience cemented expectations of higher rates for longer and[...]
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Cash assets under management reach ‘monster $7.8tn’ – BofA
By Lucy Raitano LONDON (Reuters) – Investors globally ploughed more money into cash funds in the week to Wednesday, with total cash assets under management reaching a “monster” $7.8[...]
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Factbox-European companies cut jobs as economy sputters
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts s[...]
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Factbox: China’s major germanium and gallium producers
BEIJING (Reuters) – China has announced export restrictions to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national s[...]
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