BRUSSELS (Reuters) -The European Union is set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices, in the latest in a string of trade[...]
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July 19, 2024
Trump sanctions prompted China Xiaomi’s EV entry, CEO says
BEIJING (Reuters) – A decision by the Trump administration to sanction China’s Xiaomi Corp in early 2021 was the catalyst for the company’s decision to build its first electric car, CEO Lei Jun[...]
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Analysis-Globally mobile millionaires threaten to desert Britain over tax
By Sinead Cruise LONDON (Reuters) -For ultra-wealthy entrepreneur Bassim Haidar, living in London has become an expensive indulgence he can no longer justify. While new British Prime Minister Keir Sta[...]
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Indian ed-tech giant Byju’s faces total shutdown if insolvency proceeds, CEO says
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Insolvency proceedings against ed-tech giant Byju’s, once India’s biggest startup valued at $22 billion, will likely force[...]
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US equity funds attract big inflows in week to July 17
(Reuters) – U.S. equity funds attracted big inflows in the seven days to July 17, driven by expectations of a U.S. interest rate cut amid cooling consumer prices and robust corporate earnings. A[...]
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Samsung Electronics and striking union to resume talks on Friday
SEOUL (Reuters) – Samsung Electronics and representatives of its biggest workers’ union in South Korea that has been on a strike since early last week have agreed to resume negotiations on[...]
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US regional banks’ Q2 profits squeezed by deposit costs, tepid loan demand
By Manya Saini (Reuters) -Several U.S. mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs and[...]
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Vanguard favors high-quality credit as US economy nears ‘turning point’
By Davide Barbuscia NEW YORK (Reuters) – Top U.S. asset manager Vanguard favors high-rated corporate debt over riskier high-yield companies’ bonds as it seeks protection against the possib[...]
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US regional banks build stronger safety nets as CRE pain lingers
By Manya Saini, Niket Nishant and Matt Tracy (Reuters) – U.S. banks have boosted their provisions for credit losses as deteriorating commercial real estate (CRE) loans and high interest rates fu[...]
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