LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen chaired a meeting of finance ministers from Australia, Canada, New Zealand, and the United Kingdom, Britain’s finance ministry said[...]
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January 10, 2023
Alibaba signs cooperation agreement with authorities in China’s Hangzhou -media
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou, the city where the company is headquartered, local med[...]
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Amazon plans to shut three UK warehouses, impacting 1,200 jobs – PA
LONDON (Reuters) – Amazon has said it plans to shut three UK warehouses in a move that will impact 1,200 jobs, PA Media reported on Tuesday. An Amazon representative did not immediately respond[...]
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Carlyle buys majority stake in India’s VLCC for $300 million – sources
BENGALURU (Reuters) -Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC for around $300 million, two sources told Reuters on Tue[...]
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Uniper CEO to resign due to government takeover
BERLIN (Reuters) – Uniper Chief Executive Klaus-Dieter Maubach plans to resign this year due to the nationalisation of the embattled utility by the German government, the firm said in a statemen[...]
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Renault and PUNCH Torino join forces on low-emission diesel engines
PARIS (Reuters) -Renault will team up with propulsion systems and electronics developper PUNCH Torino on 4-cylinder diesel engines for light commercial vehicles, the French carmaker said on Tuesday PU[...]
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U.S. banks get ready for shrinking profits and recession
By Saeed Azhar, Niket Nishant and Lananh Nguyen NEW YORK (Reuters) – U.S. banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to pre[...]
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Dalio’s Bridgewater cements rank in 2022 as top foreign hedge fund in China
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more than 20 billion yuan ($2.93 billion) over the past year, according to two s[...]
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Mercedes-Benz sells 2.05 million passenger cars in 2022
BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous year as the carmaker felt the impact of COVID-19 measures and bottle[...]
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