BEIJING (Reuters) – China’s BYD Co Ltd on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China’s bigg[...]
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August 29, 2023
Marketmind: Strikes, system failures and a slowdown
A look at the day ahead in European and global markets from Tom Westbrook: Workers at two Chevron liquefied natural gas facilities in Australia plan stoppages next week, putting European gas traders o[...]
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China extends tax breaks for foreign workers until 2027
BEIJING (Reuters) – China will extend preferential tax policies for foreign nationals working in the country through to the end of 2027, the finance ministry said on Tuesday, in a boon to foreig[...]
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South Korea focuses on fiscal discipline with smallest budget increase in two decades
By Jihoon Lee SEOUL (Reuters) – South Korea’s government plans to raise budget spending to nearly $497 billion for 2024, but the proposed increase is the smallest in two decades as authori[...]
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China Evergrande shares set to open down 14.3%
HONG KONG (Reuters) – Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79% of its[...]
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Japan at ‘inflection point’ in 25-year battle with deflation – govt
By Leika Kihara TOKYO (Reuters) – Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signa[...]
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Lordstown hopeful to find buyer for all or some parts of business – Bloomberg News
(Reuters) – Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the elec[...]
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Australia’s Star Entertainment swings to annual profit, debt falls
(Reuters) – Australia’s Star Entertainment Group swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also helping the[...]
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Wall Street ends higher as investors await US inflation, jobs data
By Shristi Achar A and Noel Randewich (Reuters) – Wall Street ended higher on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues[...]
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