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Car dealers in China’s Yangtze delta region warn of ‘severe challenges’

BEIJING (Reuters) -Car dealers in one of China’s richest regions are appealing to automakers to overhaul sales strategies amid mounting pressure on their cash flow and high inventories in another sign of the growing toll of the price war in the world’s largest car ...
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Greenland has a message for the rest of the world: Come visit

NUUK, Greenland (AP) — Greenland has a message for the rest of the world: We’re waiting for you. “Come visit Greenland,” said Nukartaa Andreassen, who works for a water taxi company in the capital city, Nuuk. “Learn about it, learn about us. We love to ...
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Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth

BEIJING (Reuters) -Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan ($1.65 billion) in initial public offerings, hoping U.S. curbs on advanced chip sales to China will boost local demand for their products, their filings show. Beijing-based Moore Threads ...
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Standard Chartered Bank faces $2.7 billion lawsuit over alleged role in 1MDB fraud

KUALA LUMPUR (Reuters) -Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered Bank in Singapore over the bank’s alleged role in enabling fraud that led to over $2.7 billion in financial losses. The move ...
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Asian shares are mostly higher, tracking US rally into record heights

MANILA, Philippines (AP) — Asian shares are mostly higher after U.S. stocks added to their records with the close of a second straight winning month. U.S. futures and oil prices were lower. Japan’s Nikkei 225 fell 1.2% to 40,003.24 despite positive results of the ...
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Renault to report $11.2 billion loss on Nissan stake in first half

PARIS (Reuters) -French carmaker Renault said on Tuesday it will report an estimated 9.5 billion euro ($11.20 billion) non-cash loss on its stake in Nissan Motor in the first half after changing the way it accounts for the investment. Renault, which holds a 35.7% stake ...
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India to finalise interim trade deal with US as early as this week, FT reports

(Reuters) -India is on track to finalise an interim trade agreement with the U.S. as soon as this week, the Financial Times reported on Tuesday, citing two people briefed on the talks.(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Jamie Freed) Brought to you ...
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KKR-backed Ascend Asia buys finexis advisory firm in Singapore

SINGAPORE (Reuters) -Private equity firm KKR & Co Inc said on Monday that its Ascend Asia Financial Services Group is acquiring a financial advisory firm called finexis in Singapore. No financial details were disclosed in the statement on the acquisition of finexis, which was established ...
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Morning Bid: Uncertainty dominates ECB forum

A look at the day ahead in European and global markets from Rocky Swift A central bank Who’s Who is due to speak in Sintra, Portugal today as policymakers grapple with an uncertain landscape for trade, growth and inflation. Uncertainty was the key theme in opening ...
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US narrows trade focus to secure deals before Trump’s tariff deadline, FT reports

(Reuters) -Top U.S. trade officials are now seeking narrower agreements with other countries to secure deals before President Donald Trump’s July 9 tariff deadline, the Financial Times reported on Tuesday, citing people familiar with the talks. Countries that agree on narrower deals would be spared ...
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Starmer faces down a revolt over welfare reform after a troubled first year in office

LONDON (AP) — British Prime Minister Keir Starmer marks a year in office this week, fighting a rebellion from his own party over welfare reform and reckoning with a sluggish economy and rock-bottom approval ratings. It’s a long way from the landslide election victory he ...
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Exclusive-IDB to boost climate finance support by at least $11 billion

By Simon Jessop, Marc Jones and David Latona SEVILLE (Reuters) -The Inter-American Development Bank aims to unlock at least $11 billion in fresh climate finance through a series of initiatives to help countries cope with the impacts of global warming that will attract private funds, ...
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