By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August,[...]
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Articles
How does PDD stack up against other big China e-ecommerce firms?
By Casey Hall SHANGHAI (Reuters) -Shares of China’s biggest e-commerce companies – Alibaba, JD.com and PDD Holdings – were dumped earlier this week on worries about pressure on their[...]
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Alstom closes sale of N.American signalling business to Knorr-Bremse
(Reuters) – French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million. “Closing of the sale[...]
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says
By Kane Wu and Gnaneshwar Rajan (Reuters) -A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person[...]
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Silicon Valley Bank exits China joint venture, local partner takes full control
(This Aug. 31 story has been corrected to clarify Silicon Valley Bank exited its China join venture, not that it was bought out by a local partner, in the headline and paragraph 3) BEIJING (Reuters)[...]
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
By Max A. Cherney and Milana Vinn (Reuters) – Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecess[...]
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Australian retailer Woolworths exits Endeavour Group three years after spin-off
By Sherin Sunny and Rishav Chatterjee (Reuters) – Australian retailer Woolworths has decided to exit the owner of liquor store chain Dan Murphy’s and BWS bottle shops, ending its long-stan[...]
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Analysis-Swiss franc carry trade comes fraught with safe-haven rally risk
By Harry Robertson LONDON (Reuters) – As investors turn to the Swiss franc as an alternative to Japan’s yen to fund carry trades, the risk of the currency staging one of its rapid rallies[...]
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Morning Bid: Plotting for payrolls
A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the month with holidays in the United States and Canada sapping liquidity ahead of a deluge of[...]
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Key events during China’s regulatory scrutiny of Alibaba
SHANGHAI (Reuters) – China’s State Administration of Market Regulation (SAMR) said on Friday that Alibaba Group had completed three years “rectification” following a record $2.[...]
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