By Shashwat Chauhan (Reuters) -Toronto’s main stock index rose to two-week high on Monday as higher commodity prices lifted materials and energy stocks, while investors awaited a slew of economi[...]
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August 28, 2023
BYD unit buys US firm Jabil’s mobile parts business in China for $2.2 billion
By Sameer Manekar and Yelin Mo (Reuters) -Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile electronics manufacturing[...]
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Seven & i department store unit union threatens to strike over Fortress deal
TOKYO (Reuters) -A labour union at Seven & i Holdings’ department store unit Sogo & Seibu threatened on Monday to go on strike at a flagship store on Aug. 31 depending on the outcome of[...]
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UAW workers ratify Ultium Cells wage agreement in Ohio
(Reuters) – The United Auto Workers (UAW) union at Ultium Cells, a joint venture of General Motors and LG Energy Solution in Lordstown, Ohio, on Sunday said members voted in favor by 895 to 22 v[...]
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Swiss Competition Commission examining UBS takeover of Credit Suisse
ZURICH (Reuters) -Switzerland’s Competition Commission is looking into UBS’s takeover of Credit Suisse, the authority said on Monday. In March, the Swiss government, central bank and finan[...]
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US auto sales hint slowdown as economic woes weigh – S&P Global Mobility
(Reuters) -U.S.-light vehicle sales are expected to remain steadfast in August but are showing early signs of a slowdown, S&P Global Mobility said on Monday. “Rising interest rates, credit t[...]
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US Commerce chief raised Micron, Intel with Chinese officials
By David Shepardson BEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo said on Monday that she raised concerns about a number of U.S. business issues including Intel and Micron with Chinese Comm[...]
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India’s Reliance appoints Ambani children to board in succession plan
By Munsif Vengattil and Dhanya Skariachan BENGALURU (Reuters) -India’s Reliance Industries Ltd on Monday appointed the three children of Chairman Mukesh Ambani as board directors at the oil-to-t[...]
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Trustar plans to raise fund to manage McDonald’s China stake -sources
By Kane Wu HONG KONG (Reuters) -Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald’s China, two[...]
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