By Mimosa Spencer PARIS (Reuters) – Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and[...]
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April 9, 2024
Former Tesla CEO says it is a ‘shame’ company is cancelling low-cost car plans
HONG KONG (Reuters) -A Tesla founder and former chief executive said on Tuesday it was a “shame” to hear that the automaker was scrapping its low-cost car plans amid fierce competition in[...]
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China’s ICBC plans $5.5 billion sale of loss-absorbing bonds, Bloomberg News reports
(Reuters) – Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg[...]
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Singapore set to keep monetary policy unchanged as price risks linger
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank is widely expected to keep its monetary policy unchanged this month and hold off from easing its settings until inflation star[...]
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Analysis-And Action! Amazon leans into video in emerging Europe’s online marketplace fight
By Anna Koper and Michael Kahn WARSAW/PRAGUE (Reuters) – Amazon and Temu are taking different tacks to challenge Poland’s online marketplace leader Allegro, with the U.S. e-commerce giant[...]
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How an election-packed 2024 is shaping up for world markets
LONDON (Reuters) – In an election-packed year, markets have so far shrugged off results, with the focus squarely on the one contest that could reverberate across everything from international tr[...]
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A year into his job, Bank of Japan chief Ueda gets 1 mission accomplished
By Leika Kihara TOKYO (Reuters) -A year into his job, Bank of Japan Governor Kazuo Ueda said he had achieved a goal he set when taking the helm: changing the bank’s complex monetary stimulus int[...]
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GM’s Cruise to resume robotaxi tests in Phoenix, Arizona, Bloomberg News reports
(Reuters) – Cruise, General Motors’ self-driving car unit, is preparing to resume testing its robotaxis with safety drivers in Phoenix, Arizona, Bloomberg News reported on Tuesday. The com[...]
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US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, sources say
By Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to expand its chip output in Taylor, Te[...]
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