By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s home prices will fall at a faster pace this year with worsening slumps in property investment and sales, a Reuters poll showed, a[...]
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May 20, 2024
CalPERS to vote against all 12 Exxon directors, citing lawsuit
(Reuters) – The California Public Employees’ Retirement System said on Monday it will vote against all 12 director nominees at Exxon, citing the company’s lawsuit against activist in[...]
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China’s property support measures disappoint, developers’ shares falter
By Clare Jim and Xie Yu HONG KONG (Reuters) -Shares of Chinese developers wobbled on Monday as investors fretted that China’s “historic” steps to stabilise its crisis-hit property se[...]
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Barr: Requiring discount window readiness could break ‘stigma’
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The U.S. Federal Reserve is considering new rules to break the “stigma” around borrowing from the central bank’s discount[...]
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Anglo shareholder LGIM supports break-up plan as BHP circles
LONDON (Reuters) – Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline a[...]
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U.S. regulator ends prelim review of Tesla’s Model X over seat belt issues
(Reuters) -The U.S. auto safety regulator has closed a probe into more than 100,000 Tesla Model X vehicles after the automaker issued a recall to fix front seat belt failures, the National Highway Tra[...]
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US NHTSA opens recall query into more than 51,000 Volkswagen EVs
(Reuters) – The U.S. auto safety regulator said on Monday it has opened a recall query into an estimated 51,500 Volkswagen America’s EVs over concerns of the vehicle door opening while dri[...]
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Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discount[...]
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Red Lobster seeks bankruptcy protection with $100 million in financing commitments
(Reuters) – U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lende[...]
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