MEXICO CITY (Reuters) – U.S. construction company Vulcan Materials on Monday rejected what it considers the “illegal expropriation” of its investments in Mexico and said it remains o[...]
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May 27, 2024
China’s premier hails ‘new beginning’ with US-allied South Korea, Japan
By Hyonhee Shin and Jack Kim SEOUL (Reuters) -Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their leaders for the first three-way talks in[...]
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Amazon in talks with Italy to invest billions of euros in cloud plan, sources say
By Elvira Pollina, Valentina Za and Supantha Mukherjee MILAN/STOCKHOLM (Reuters) -Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data cent[...]
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Brazil’s Gol airline says bankruptcy exit to involve $1.5 billion capital injection
SAO PAULO (Reuters) -Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2 bi[...]
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China Vanke sells Shenzhen land plot at loss-making reserve price
By Xie Yu HONG KONG and BENGALURU (Reuters) -Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23 mill[...]
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Dollar firm ahead of global inflation data
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) -The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japan[...]
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China’s property stimulus raises risks for banks in smaller cities, S&P Global says
BEIJING (Reuters) – China’s latest steps to revive its struggling property market could pose risks to banks operating in lower-tier cities, S&P Global said on Monday. The measures anno[...]
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Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows
BEIJING (Reuters) – Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets a[...]
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Indonesia probing Shopee, Lazada units for alleged competition rule breaches
JAKARTA (Reuters) – Indonesia’s anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition[...]
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