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Asia

Toyota’s May global sales jump as parts supply shortage eases

BY Reuters  • June 29, 2023June 29, 2023
TOKYO (Reuters) – Japanese automaker Toyota Motor on Thursday reported a 10% jump in global sales for May from a year earlier, benefiting from growth at home and other key markets on a recovery[...]
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Asia Business Economy Technology

Vietnam Q2 GDP growth accelerates but slowdown looms

BY Reuters  • June 29, 2023June 29, 2023
By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in trade that analysts s[...]
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Asia Business Economy Updated

China steel exports seen surging to seven-year high as home demand wilts

BY Reuters  • June 29, 2023June 29, 2023
By Amy Lv and Dominique Patton BEIJING (Reuters) – China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world’s b[...]
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Asia Business Economy

Australian shoppers tempted by special offers in May

BY Reuters  • June 29, 2023June 29, 2023
By Wayne Cole SYDNEY (Reuters) – Australian retail spending rebounded in May as consumers were tempted by online sales events and promotional discounting, a sign of resilience in consumption tha[...]
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Asia Australia Business Economy

Macquarie to divest U.S. port terminal operator Ceres

BY Reuters  • June 29, 2023June 29, 2023
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the[...]
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Asia Australia Business Economy Updated US

Australia job vacancies fall 2% in May qtr, still historically high

BY Reuters  • June 29, 2023June 29, 2023
SYDNEY (Reuters) – Job vacancies in Australia fell in the three months to May, the fourth straight quarter of decline, but were still far above pre-pandemic levels as demand for labour remains s[...]
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Asia Australia Business Economy

New Zealand business confidence improves in June- ANZ survey

BY Reuters  • June 29, 2023June 29, 2023
SYDNEY (Reuters) – New Zealand’s business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first t[...]
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Asia Business Economy

World faces ‘terrifying’ future if miners, regulators don’t step up – Newcrest

BY Reuters  • June 29, 2023June 29, 2023
BRISBANE (Reuters) – Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate[...]
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Asia Australia Business Environment

Study shows 130 countries exploring central bank digital currencies

BY Reuters  • June 28, 2023June 28, 2023
By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development,[...]
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