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Nike, Adidas shoe supplier Pou Chen to slash 6,000 jobs in Vietnam -sources
HANOI (Reuters) -Taiwan's Pou Chen Corp, the world's largest maker of branded sports footwear, plans to cut around 6,000 jobs at its Ho Chi Minh City plant in Vietnam due to weak demand, two local off...
Syndicated Content Feb 21, 2023
Microsoft’s president to push Activision deal at EU hearing; Google, Nvidia also present
By Foo Yun Chee BRUSSELS (Reuters) - Microsoft President Brad Smith will on Tuesday seek to convince EU antitrust regulators at a closed hearing that the U.S. software giant's $69 billion bid for "Cal...
Syndicated Content Feb 21, 2023
South Korea’s ‘jeonse’ rent-free renters hit by property downturn
By Jihoon Lee SEOUL (Reuters) - A downturn in South Korea's home prices is causing pain in the country's unusual rent-free rental system that benefited landlords and tenants alike during a long surge ...
Syndicated Content Feb 20, 2023
MarketMind: Cast away
A look at the day ahead in European and global markets from Ankur Banerjee: After a sputtering start to the week for the equities market, flash PMI data from Eurozone, UK and Germany will likely give ...
Syndicated Content Feb 20, 2023
HSBC takes $300 million hit on Russia business sale, says deal on track for 2023
By Lawrence White LONDON (Reuters) - HSBC HSBA.L> said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since...
Syndicated Content Feb 20, 2023
How to afford the big price tag of your lifetime ‘bucket list’
By Chris Taylor NEW YORK (Reuters) - Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life 'bucket list...
Syndicated Content Feb 20, 2023
Hong Kong under pressure to cut spending in budget as deficit soars
By Jessie Pang and Donny Kwok HONG KONG (Reuters) - Hong Kong is under pressure to rein in spending when it unveils its annual budget on Wednesday, after racking up huge fiscal deficits during the COV...
Syndicated Content Feb 20, 2023
Analysis-Looming U.S. default risk prompts investors to cut some debt exposure
By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) - Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but poten...
Syndicated Content Feb 20, 2023
Decarbonisation centre finishes two trials for biofuel bunkering
By Jeslyn Lerh SINGAPORE (Reuters) - The Global Centre for Maritime Decarbonisation (GCMD) has completed trials on two supply chains of biofuel blends for vessel bunkering, the centre said on Tuesday....
Syndicated Content Feb 20, 2023
Bank of Korea: benefits from China’s recovery to be less than in past
SEOUL (Reuters) - South Korea's central bank said the economy would benefit from the end of China's zero-COVID policy, thanks to strengthened exports and tourism, but added that positive effects from ...
Syndicated Content Feb 20, 2023
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