By Sophie Yu and Brenda Goh BEIJING (Reuters) – Yum China Holdings, owner of the KFC and Pizza Hut chains in mainland China, plans to stick to a goal of opening up to 1,300 stores in 2023, as it[...]
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August 1, 2023
Indian factory growth eased for second month in July, but kept healthy pace
By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expans[...]
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China’s July factory activity swings back to contraction – Caixin PMI
BEIJING (Reuters) – China’s factory activity swung to contraction in July, a private sector survey showed on Tuesday, with supply, demand and export orders all deteriorating as firms blame[...]
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Marketmind: Testing the ‘Goldilocks’ view of the global economy
A look at the day ahead in European and global markets from Kevin Buckland. The ‘Goldilocks’ view that equity investors are taking of the global economy continued into August, as a benchma[...]
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CVS to shed 5,000 jobs in cost-cutting push – WSJ
(Reuters) -U.S. pharmacy chain CVS Health is cutting 5,000 jobs, the Wall Street Journal reported on Monday, citing a staff memo. In an emailed response to Reuters, CVS confirmed the company was layin[...]
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‘Barbenheimer’ box office sales keep rolling in second weekend
(This July 30 story has been corrected to say that “Barbie” was No. 1 by opening, not total sales, for 2023 in paragraph 2) By Nicholas P. Brown (Reuters) – Warner Bros’[...]
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Big X taken down from Twitter roof after San Francisco squabble
(Reuters) – It is gone. A giant, glowing X no longer marks the spot on the San Francisco high-rise that is headquarters to Elon Musk’s messaging company X, formerly known as Twitter. The c[...]
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Lynas Rare Earths signs updated contract with US govt for Texas facility, shares rise
(Reuters) -Lynas Rare Earths said on Tuesday it had signed an updated contract with the U.S. Department of Defense (DoD) for the construction of the heavy rare-earths component of its rare-earths proc[...]
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Japan’s factory activity falls on soft orders – PMI
TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. The fina[...]
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