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US luxury EV maker Lucid set to enter China market
SHANGHAI (Reuters) - U.S. luxury electric vehicle (EV) maker Lucid Group is preparing to enter the world's largest auto market, its head of China operations Zhu Jiang said on Thursday. Lucid will sell...
Syndicated Content Jun 07, 2023
House Republicans cancel vote to hold FBI director in contempt
(Reuters) - Republicans in the U.S. House of Representatives have abandoned plans for a vote on Thursday to hold FBI Director Christopher Wray in contempt of Congress over agency documents related to ...
Syndicated Content Jun 07, 2023
Bank of Korea: early policy shift may add pressure on local currency
SEOUL (Reuters) - South Korea's central bank warned on Thursday that an early shift in its monetary policy stance could pile more pressure on the local currency, a risk that needs to be properly addre...
Syndicated Content Jun 07, 2023
China’s Dalian Wanda appeals court decision to freeze shares
BEIJING (Reuters) - China's largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it o...
Syndicated Content Jun 07, 2023
Former JPMorgan executive Staley rejects bank’s Jeffrey Epstein accusations
By Jonathan Stempel NEW YORK (Reuters) - The former JPMorgan Chase & Co executive accused of shepherding the bank's relationship with Jeffrey Epstein formally denied involvement in the disgraced finan...
Syndicated Content Jun 07, 2023
Toshiba board recommends shareholders support tender offer by JIP-led consortium
TOKYO (Reuters) -Japan's Toshiba Corp said on Thursday its board of directors decided to recommend shareholders to take up a tender offer by a consortium led by private equity firm Japan Industrial Pa...
Syndicated Content Jun 07, 2023
Asian shares slide as traders fret on Fed rates
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Fede...
Syndicated Content Jun 07, 2023
South Korea sees annual growth ‘slightly lower’ than 1.6%
SEOUL (Reuters) - South Korea's finance minister said on Thursday this year's economic growth would likely be lower than the government's previous projection of 1.6%. The government will "slightly low...
Syndicated Content Jun 07, 2023
Oil steady as investors weigh supply and demand drivers
By Jeslyn Lerh SINGAPORE (Reuters) - Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in sup...
Syndicated Content Jun 07, 2023
China’s biggest state banks cut interest rates on yuan deposits
BEIJING (Reuters) - China's biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending ...
Syndicated Content Jun 07, 2023
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