By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in food deliv[...]
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Articles
Mercedes cuts some China electric car prices, shaking shares
BEIJING/FRANKFURT (Reuters) -Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a 6.7% fall i[...]
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Finland’s Gasum says tribunal ruled it does not have to pay Gazprom in roubles
(Corrects description of Gasum to “energy provider” from “gas grid operator”) HELSINKI (Reuters) -Finnish energy provider Gasum said on Wednesday an arbitral tribunal had ruled[...]
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Telecom Italia CEO sees scope for improving 2023, 2024 financial targets
MILAN (Reuters) – Telecom Italia (TIM) will likely improve its financial targets for the next two years, the head of Italy’s biggest phone group told top executives on Wednesday, according[...]
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Trade in European bond markets held up well in turbulent year – officials
By Dhara Ranasinghe BRUSSELS (Reuters) – High inflation and aggressive central bank rate hikes have created challenging conditions for government bond markets, but the ease of doing trade has he[...]
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Airbnb says single-room listings jump amid cost-of-living crisis
By Abhijith Ganapavaram (Reuters) – Airbnb Inc said on Wednesday it had recorded a “disproportionate” 31% rise in single-room listings on its platform in the third quarter, as more p[...]
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JetBlue plans flights to Paris next year as travel booms
(Reuters) – JetBlue Airways Corp said on Wednesday it would expand its transatlantic coverage by offering flights to Paris next year, seeking to cash in on robust demand for overseas travel. The[...]
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The case for a “soft” Fed landing may finally be taking hold
By Howard Schneider WASHINGTON (Reuters) – Accumulating evidence that prices are slowing, alongside signs of stretched consumer finances and even the recent layoffs in the technology sector, may[...]
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IMF’s Georgieva says Biden-Xi meeting ‘constructive’ signal for trade
By David Lawder NUSA DUA, Indonesia (Reuters) – President Joe Biden’s meeting with Chinese President Xi Jinping was a “very constructive” signal that may ease trade tensions be[...]
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South African retail sales fall 0.6% year on year in September
JOHANNESBURG (Reuters) – South African retail sales fell 0.6% year on year in September after rising by a revised 2.1% in August, Statistics South Africa figures showed on Wednesday. On a month-[...]
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