By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s largest industrial union UA Zensen will seek a 6% total wage increase, of which 4% will be base pay hikes, at next spring’s negotiation[...]
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November 6, 2023
German service sector activity contracts in October – PMI
BERLIN (Reuters) – The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday. The HCOB final services Purchasing Managers[...]
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Polestar signs deal with South Korea’s SK On for Polestar 5 EV
(Reuters) – Electric vehicle maker Polestar said on Monday that it had signed an agreement with South Korean battery manufacturer SK On for the supply of battery cell modules for its upcoming Po[...]
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Wave of cancellations in German housing construction at new high -Ifo
BERLIN (Reuters) – Germany’s residential construction sector was again hit by a wave of cancellations in October, according to a survey published on Monday that showed a record number of f[...]
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Japan’s Itochu raises profit forecast on strong machinery business
(Reuters) -Japanese trading house Itochu posted a 14.5% drop in six-month net profit on Monday but raised its full-fiscal year profit forecast on stronger expectations for its machinery business and t[...]
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Take Five: You (may) have arrived at your destination
LONDON (Reuters) -This week will have plenty to keep financial market traders and investors busy, including whether the Federal Reserve really has hit peak rates, another possible rate rise in Austral[...]
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Unilever investor Lindsell Train says changes mark fresh approach
By Richa Naidu LONDON (Reuters) – Unilever top-10 investor Lindsell Train welcomed its recent management changes and said it had already discussed the consumer goods company’s next steps w[...]
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Japan service activity posts slowest growth this year – PMI
TOKYO (Reuters) – Japan’s services activity expanded at the slowest pace this year in October, a business survey showed on Monday, reinforcing concerns that the key sector propelling econo[...]
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Marketmind: Rate cut prospects fuel stock rally
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been an upbeat start to the week in Asia as markets cast aside concerns about rate hi[...]
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