COPENHAGEN (Reuters) – Danish shipping company Maersk on Monday said it will invest more than $500 million to expand its supply chain infrastructure in South-East Asia. Maersk intends to scale u[...]
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December 4, 2023
Volvo Cars’ November sales rise 8%
COPENHAGEN (Reuters) – Volvo Cars’ sales grew 8% in November from a year earlier to 63,682 cars, the Sweden-based group said on Monday. Volvo Cars, which is majority-owned by China’s[...]
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Global hedge funds further offloaded Chinese stocks in Nov
By Summer Zhen HONG KONG (Reuters) – China and broader emerging Asia market stocks were among the most net sold regions by global hedge funds in November, Goldman Sachs said, as fund managers fu[...]
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German exports unexpectedly drop in October
BERLIN (Reuters) – German exports unexpectedly fell in October, edging down 0.2% on the previous month as demand in the European Union slumped, data from the federal statistics office showed on[...]
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Origin investors reject $10.6 billion Brookfield bid, company open to other funding
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Brookfield will walk away from Origin Energy, a source familiar with the matter said, after shareholders in Australia’s largest power retaile[...]
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Japan’s TDK Corp to manufacture iPhone battery cells in India – minister
BENGALURU (Reuters) – Japanese electronic parts maker TDK Corp will manufacture lithium ion (li-ion) battery cells for Apple iPhones in India, a minister said on Monday. Apple has been touting I[...]
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US stock rally could wobble if tensions spike after Red Sea attacks
By Krystal Hu and Ira Iosebashvili (Reuters) – An attack on an American warship and commercial vessels in the Red Sea on Sunday risks reigniting investor worries about a widening of the war betw[...]
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Analysis-EU’s electric dreams short-circuited by EV charging gridlock
By Julia Payne BRUSSELS (Reuters) – Electric vehicle drivers hoping to top up their batteries at one of Repsol’s 1,600 Spanish charging stations might well be disappointed, with nearly hal[...]
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Marketmind: Gold makes the running as oil fails to fire
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Asian stocks have made a hesitant start to the week, while gold hit a new peak and Treasuries ran[...]
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