By Makiko Yamazaki TOKYO (Reuters) – Japan’s price increases and higher interest rates could benefit the country’s credit profile by inflating debt away and promoting productivity de[...]
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July 10, 2024
Volkswagen may close Brussels factory as low EV demand hits Audi
(Corrects location of closed site to Pennsylvania, not Alabama in paragraph 2) By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned it may close the Brussels site o[...]
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BMW reports lower sales in Q2
BERLIN (Reuters) – German premium carmaker BMW on Wednesday said its second-quarter sales fell by 1.3% year-on-year to 618,826 vehicles. In its key market China, sales were 4.7% lower at 188,495[...]
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TSMC Q2 revenue jumps on AI boost, handily beats market forecasts
By Ben Blanchard and Faith Hung TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts,[...]
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Shein pledges to invest in UK and Europe ahead of potential IPO
By Helen Reid and James Davey LONDON (Reuters) – Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles cri[...]
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China’s exports seen rising more quickly in June amid fresh tariff fears: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely grew at the fastest pace in fifteen months in June, as manufacturers front-load shipments in anticipation of tariffs from a growing n[...]
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Yokohama Rubber in talks to buy Goodyear’s off-road tyre business for at least $1 billion, Bloomberg says
TOKYO (Reuters) – Japan’s Yokohama Rubber is in talks to buy Goodyear Tire & Rubber’s off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday. Yokohama Ru[...]
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Honda to end vehicle production at one of its Thai auto plants
(Advisory) TOKYO (Reuters) – (This July 9 story has been officially corrected to remove reference to Honda having no current plans to make new investments in Thailand at company’s request[...]
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China June consumer inflation misses forecasts amid anaemic demand
By Qiaoyi Li and Ryan Woo BEIJING (Reuters) -China’s consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired[...]
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