BEIJING (Reuters) – China’s Alibaba Group said on Sunday it had decided not to participate in affiliate Ant Group’s proposed repurchase of shares, but would maintain its shareholding[...]
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Small businesses want a piece of Barbie’s world
By Kailyn Rhone and Arriana McLymore NEW YORK (Reuters) – It is Barbie’s world, and U.S. small businesses hope their social-media marketing can help them cash in on it. From Malibu makeovers to[...]
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Harley-Davidson, Triumph in first gear of challenge to Royal Enfield’s India reign
By Indranil Sarkar and Aby Jose Koilparambil BENGALURU (Reuters) -U.S. big-bike maker Harley-Davidson and British rival Triumph have revved up India’s premium motorcycle market with aggressively[...]
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China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says
FRANKFURT (Reuters) – Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobi[...]
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Cuban economy minister says no quick fix to devastating crisis
By Nelson Acosta HAVANA (Reuters) – Cuba’s economic growth is less than 2% this year and remains 8 percentage points below pre-pandemic levels, while production in sectors such as agricult[...]
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‘Barbie’ movie revives interest in doll collectors’ market
By Rachel Nostrant and Julia Harte (Reuters) – Matthew Keith bought his first Barbie dolls in the 1970s using his allowance money, hiding them from his parents for fear they would say the toys w[...]
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ECB to ask banks to provide weekly liquidity data to monitor their health – Enria
MILAN (Reuters) – The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward off potent[...]
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CME Group to lay off 3% of its workforce, reallocate positions
(Reuters) – CME Group, the world’s largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokesperson said on[...]
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Russian central bank surprises with sharper-than-expected rate hike to 8.5%
By Elena Fabrichnaya, Alexander Marrow and Vladimir Soldatkin MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, r[...]
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