By Medha Singh (Reuters) – Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world’s No. 2 economy, China, and are strapping in[...]
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August 2, 2024
Nvidia shares fall 2% in Frankfurt after media report of US probe
LONDON (Reuters) – Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival ch[...]
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Exclusive-Audi’s new China EV series won’t have signature four-ring logo, sources say
SHANGHAI (Reuters) – Audi’s new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said. The de[...]
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China central bank adviser calls for greater stimulus, inflation goal
BEIJING (Reuters) – China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a “low inflation trap”, a cen[...]
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Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
By Arsheeya Bajwa (Reuters) -Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a[...]
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Apple pins hopes on AI for iPhone upgrades as China sales falter
By Max A. Cherney and Aditya Soni (Reuters) -Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract bu[...]
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OCBC’s Q2 profit tops expectations, says on track to meet 2024 targets
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a stronger-than-expected 14% year-on-year jump in second quarter ne[...]
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Bank of England rate cut boosts comeback factor for UK markets
By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England’s move to cut interest rates from[...]
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Morning Bid: New worries over growth spook markets
A look at the day ahead in European and global markets from Rae Wee It’s been a rollercoaster ride of a week and Friday is shaping up to be no exception for investors, with risk assets in partic[...]
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