By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt – by the end of las[...]
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Asia
Australian banking system cushioned for imminent climate change-related risks – regulator
(Reuters) – Potential economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any severe stress to the system and[...]
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Volatility in yuan spurs bets China will widen its band
SHANGHAI (Reuters) – As macroeconomic risks induce unprecedented levels of volatility in China’s yuan, investors are betting that authorities may widen the currency’s tight trading b[...]
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Marketmind: How to be hawkish by J.Powell
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. So Tuesday’s bout of post-pandemic euphoria in Chinese markets has cooled today, pe[...]
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China’s BYD to sell EVs in Mexico in 2023, aims for up to 30,000 sales in 2024
By Kylie Madry MEXICO CITY (Reuters) -Chinese electric-vehicle maker BYD said on Tuesday it will launch its cars in Mexico next year, with a senior executive pegging its sales target at up to 30,000 v[...]
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Australian regulator begins civil lawsuit against Star Entertainment
(Reuters) -Australia’s Star Entertainment Group said on Wednesday the country’s financial crimes regulator has begun a civil lawsuit against its units, alleging non-compliance with anti-mo[...]
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Analysis-Apple supply chain data shows receding exposure to China as risks mount
By Josh Horwitz SHANGHAI (Reuters) – Apple Inc’s wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, com[...]
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Exclusive-Kazakh McDonald’s shut outlets temporarily after halting supplies from Russia – sources
By Mariya Gordeyeva ALMATY (Reuters) – McDonald’s licensee in Kazakhstan was forced to temporarily close its restaurants this month after cutting ties with Russian companies and running ou[...]
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Stocks dip while U.S. crude gains on China hopes
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – The S&P 500 closed lower on Tuesday as investors awaited guidance on the Federal Reserve’s path of interest rate hikes, while[...]
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