By Dietrich Knauth NEW YORK (Reuters) – Rite Aid will ask a U.S. bankruptcy court to approve its restructuring plan on Thursday, seeking to cut $2 billion in debt and turn over control of the co[...]
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June 27, 2024
Mercedes-Benz spending more than previously planned on combustion engines – Wiwo
BERLIN (Reuters) – Mercedes-Benz is investing more than previously planned in combustion engine technology, including 14 billion euros ($15 billion) this year on its passenger cars, its chief ex[...]
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Asia M&A fees drop to 11-year low amid slow-cooked deals, data shows
By Kane Wu HONG KONG (Reuters) – Financial advisory fees from mergers and acquisitions in Asia dropped to the lowest levels in 11 years in the first half of 2024, with little signs of a quick re[...]
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China hopes for EV tariff deal with EU that suits both sides
BEIJING (Reuters) -China hopes negotiations will lead to a “mutually acceptable solution” with the European Union on preliminary tariffs on Chinese electric vehicles (EV) scheduled to take[...]
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Boeing resuming widebody airplane deliveries to China, source says
By Allison Lampert and David Shepardson SEATTLE/WASHINGTON (Reuters) -Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review, accordin[...]
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Chinese money flows into bonds even as central bank warns of risks
SHANGHAI (Reuters) – China’s treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging of[...]
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UK human rights group launches campaign to stop Shein’s potential London IPO
(Reuters) -UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein’s potential London listing over concerns about its labour practices, a law firm represent[...]
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LME eyeing Hong Kong as a global warehouse location, says owner HKEX
By Mai Nguyen and Siyi Liu HONG KONG (Reuters) -The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive of its owner said on[...]
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Saint-Gobain agrees to buy FOSROC for around $1 billion
(Reuters) -France’s Saint-Gobain has entered into an agreement to buy Dubai-based construction chemicals company FOSROC for around 960 million euros ($1.03 billion) to drive its international ex[...]
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