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Tokio Marine taps Goldman, Jefferies to sell $1bln Southeast Asia life insurance unit-sources
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) - Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance bu...
Syndicated Content Jun 08, 2023
Amazon should not pay $268 million in Luxembourg back taxes, EU court adviser says
By Foo Yun Chee LUXEMBOURG (Reuters) - Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe's top court said o...
Syndicated Content Jun 08, 2023
China passenger car sales jump 7.3% in May vs April -CPCA
BEIJING/SHANGHAI (Reuters) - Passenger vehicle sales in China rose 7.3% in May compared with a month earlier, industry data showed on Thursday, as the government extended tax incentives to shore up de...
Syndicated Content Jun 08, 2023
Yandex granted Nasdaq lifeline subject to Russia restructuring
By Alexander Marrow (Reuters) - Russian internet firm Yandex on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment of it...
Syndicated Content Jun 08, 2023
Turkish lira extends losses as Ankara loosens grip on forex market
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) - Turkey's lira weakened 0.8% to a record low on Thursday, extending losses after a heavy selloff in the previous session that was seen as a...
Syndicated Content Jun 08, 2023
Saudi Arabia economy grew 3.8% in Q1 boosted by non-oil activities
DUBAI (Reuters) - Saudi Arabia's economy grew by 3.8% year on year in the first quarter of 2023, the General Authority for Statistics said on Thursday, broadly in line with estimates released last mon...
Syndicated Content Jun 08, 2023
India’s RBI relaxing borrowing limit in interbank call market no ‘game changer’ – traders
MUMBAI (Reuters) - The Reserve Bank of India on Thursday allowed banks to set their own limits to borrow from the interbank call money market in a bid to better manage liquidity, though at least four ...
Syndicated Content Jun 08, 2023
European shares open lower on rate jitters; Novartis rises
(Reuters) - European shares opened lower on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in Swiss healthca...
Syndicated Content Jun 08, 2023
Australia’s largest bank blocks payments to some crypto exchanges
By Lewis Jackson SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures ...
Syndicated Content Jun 08, 2023
Japan’s Isuzu says it is not planning to relocate factory from Thailand to Indonesia
TOKYO (Reuters) - Japanese truck maker Isuzu Motors on Thursday said it was not planning to move a factory from Thailand to Indonesia, a day after the Indonesian industry minister said the company wou...
Syndicated Content Jun 08, 2023
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