By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Analysts are raising earnings estimates for Asian companies for the first time in four months as easing price pressures boost consumption[...]
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August 11, 2023
Country Garden credit distress likely to spill over to China markets – Moody’s
LONDON (Reuters) – Credit distress at Chinese private developer Country Garden is likely to spill over to the country’s property and financial markets, weakening sentiment and delaying the[...]
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UBS ends taxpayer backstop granted for Credit Suisse rescue
By Noele Illien ZURICH (Reuters) – Swiss taxpayers are no longer on the hook over the rescue of Credit Suisse after UBS said on Friday it would not need the 9 billion francs ($10.3 billion) of s[...]
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Marketmind: Soft landing fatigue
(Reuters) – A look at the day ahead in U.S. and global markets by Naomi Rovnick. Positive economic data tends to move stock markets, either by fueling rallies, or prompting a temporary sell-off[...]
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BYD calls on China automakers to unite, ‘demolish the old’ in global push
(Reuters) – A patriotic call by China’s bestselling automaker to band the industry together and “demolish the old legends” of the global market has gone viral, drawing both rav[...]
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Hong Kong economic growth slows to 1.5% in Q2, gradual recovery seen
By Twinnie Siu and Donny Kwok HONG KONG (Reuters) -Hong Kong’s economy grew 1.5% in the second quarter from a year ago, slowing from 2.9% in the first quarter as demand for exports weakened and[...]
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San Francisco moves to center of robotaxi universe after California agency vote
By Greg Bensinger SAN FRANCISCO (Reuters) -California just supercharged the self-driving car industry. Following a contentious state agency vote, Alphabet Inc’s Waymo and General Motors’ Cruise are al[...]
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Siemens Gamesa has fix for onshore wind turbine problem
FRANKFURT (Reuters) – Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the CEO of the group’s wind division Siemens Gamesa said on Fri[...]
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UK economy’s surprise strength puts more BoE rate hikes on table
By Andy Bruce and David Milliken LONDON (Reuters) -Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest rate hikes from the Bank of England, bu[...]
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