(Reuters) – BofA Global Research on Thursday cut China’s economic growth forecast for this year to 5.1% on a disappointing second-quarter gross domestic product (GDP) growth and potential[...]
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Activist investor Elliott takes big stake in drugmaker Catalent – WSJ
(Reuters) -Activist investor Elliott Investment has built a significant stake in Catalent and is pushing for a shake-up on the contract drug manufacturer’s board, the Wall Street Journal reporte[...]
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Exclusive-China’s state banks seen selling dollars offshore to slow yuan declines – sources
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two people with direct knowledge o[...]
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Australia jobs jump again, heaping pressure on RBA
SYDNEY (Reuters) -Australia employment handily beat expectations for a second straight month in June, while the jobless rate stayed near 50-year lows in a sign the labour market remained drum-tight, a[...]
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China’s Washington envoy warns of retaliation against further US tech curbs
By David Brunnstrom WASHINGTON (Reuters) – China does not want a trade or tech war but will definitely respond if the United States imposes more curbs on its chip sector, China’s ambassado[...]
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Australia telco giant Telstra to cut nearly 500 jobs
SYDNEY (Reuters) – Australia’s biggest telecommunications company Telstra said on Thursday it planned to cut nearly 500 jobs due to changes from digitisation and automation, as well as its[...]
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China keeps lending benchmarks unchanged; economic weakness tests policymakers
SHANGHAI/SINGAPORE (Reuters) -China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic rec[...]
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Canada’s Pacific dock workers revoke strike notice after Trudeau’s crisis meeting
By Chris Helgren and Steve Scherer VANCOUVER (Reuters) – Dock workers on Canada’s Pacific coast said they have revoked a strike notice issued for Saturday, after Prime Minister Justin Trud[...]
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S.Korea financial watchdog gathers securities firms to manage real estate risks
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation[...]
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