By Maria Martinez BERLIN (Reuters) -German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany’s economy t[...]
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May 27, 2024
Japan upgrades factory output view in monthly report
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government upgraded its assessment of factory output for the first time in a year, saying in its monthly economic report that it showed signs[...]
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Alibaba’s AliExpress recruits Beckham to ‘score more’ global sales
By Casey Hall SHANGHAI (Reuters) – AliExpress, an e-commerce site owned by Chinese giant Alibaba, has signed former England soccer captain David Beckham as a brand ambassador as it plays catch-u[...]
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China sets up third fund with $47.5 billion to boost semiconductor sector
BEIJING (Reuters) -China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a fi[...]
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Elon Musk’s xAI valued at $24 billion after fresh funding
(Reuters) -Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the in[...]
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France looks to elusive EU capital market to fix start-up funding
By Martin Coulter and Leigh Thomas PARIS (Reuters) – France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its[...]
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UBS rules out external successor to Ermotti as CEO, FT reports
(Reuters) – UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, and plans to choose from a shortlist of three internal candidates when he steps down in about three y[...]
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Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal
HONG KONG (Reuters) – Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders[...]
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Chinese property developer Kaisa’s liquidation hearing adjourned
By Xie Yu HONG KONG (Reuters) -A Hong Kong court on Monday adjourned a hearing on a petition seeking the liquidation of Kaisa Group until June 24, giving the embattled Chinese developer some respite a[...]
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