(This June 22 story has been corrected to say makers pledged more than $11 billion, not $14 billion, in paragraph 3) By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce[...]
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Asia
US new vehicle sales set to rise in June on improving supply – report
(Reuters) – New vehicle sales in the United States are seen to rise in June, according to a joint forecast from J.D. Power and GlobalData, as automakers are able to push more stock to dealers to[...]
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Turkey’s lira sinks to record low after unconvincing rate hike
ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets that Presiden[...]
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Marketmind: Business brakes in June swoon, dollar jumps
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft reading[...]
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US regulators probe India’s Adani Group investor statements -Bloomberg News
(Reuters) -The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant t[...]
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Boeing to invest $100 million in infrastructure, pilot training in India
BENGALURU (Reuters) – Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This come[...]
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Japan’s inflation stays above BOJ target, key gauge hits 42-year high
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan’s core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in 42 years,[...]
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Japan’s factory activity hampered by weak demand – PMI
TOKYO – Japan’s manufacturing activity fell back into contraction in June and service sector growth slowed for the first time in seven months, surveys showed on Friday, as business confide[...]
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Lithium producers warn global supplies may not meet electric vehicle demand
By Ernest Scheyder LAS VEGAS (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the b[...]
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