By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Another round of bad Chinese economic figures is raising pressure on Beijing to loosen the fiscal spigot further and even dole out shopping vouchers to[...]
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August 18, 2024
Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings
(Reuters) -Australia’s Westpac Banking Corp said on Monday its third-quarter net profit was largely in line with a year ago, as increased earnings from capital and hedged deposits counterbalance[...]
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Morning Bid: US soft landing hopes lift EM assets
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The trading week gets underway in Asia on Monday, with investors in pretty good spirits following last week’s rebou[...]
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Fed’s Daly says it is time to consider adjusting borrowing costs, FT reports
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Finan[...]
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Union at BHP’s Escondida copper mine warns it could relaunch strike
SANTIAGO (Reuters) -The union at BHP’s giant Escondida copper mine in Chile said on Sunday in a memo to its members that it could relaunch a strike later in the day if the company does not[...]
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Diageo submits financial documents in Delhi police investigation, source says
By Aditya Kalra NEW DELHI (Reuters) – Spirits group Diageo’s Indian unit has submitted financial documents sought by New Delhi anti-corruption police in an investigation related to billing[...]
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‘Soft landing’ hopes are back to lift US stocks after recession scare
By Lewis Krauskopf NEW YORK (Reuters) -Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier[...]
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South Korean AI chip makers Rebellions and Sapeon agree to merge
SEOUL (Reuters) – South Korean artificial-intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday. The[...]
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