By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retailers were once too afraid to[...]
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July 11, 2023
China gallium curbs raise chip questions for future EV models
By Nick Carey LONDON (Reuters) – China’s looming gallium export controls leave automakers with a dilemma over whether they can continue to rely on a metal which had been seen as a game cha[...]
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Marketmind: As yields and the yen go, so goes the dollar
A look at the day ahead in European and global markets from Tom Westbrook A day of calm after last week’s clear-out in the bond market and investors are back to trading near-term rate expectatio[...]
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Meta’s social media apps back up after brief outage – Downdetector.com
(Reuters) -Meta Platforms’ social media apps Instagram and Facebook, messaging app WhatsApp and Twitter-rival Threads were all back up after a brief outage affecting thousands of users on Monday[...]
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Yellen says US, China want to ‘stabilize’ relationship
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with “candor” and “respect.[...]
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BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024: Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as inflation continued to ease, a Reuters[...]
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Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglome[...]
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US lawmakers consider changes to TikTok crackdown bill -senator
By David Shepardson ARLINGTON, Virginia (Reuters) -U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikT[...]
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