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China’s Xi begins Serbia visit on the 25th anniversary of NATO’s bombing of the Chinese Embassy
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Monday, May 6
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SRN News
China home sales slump 47% over May Day holiday vs 2023
BEIJING (Reuters) – China’s average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same holiday period, according to a private ...
Monday, May 6
by
SRN News
Sabadell’s board meets to analyse BBVA bid proposal, newspapers say
MADRID (Reuters) – Spanish bank Sabadell’s board will meet on Monday to discuss an all-share offer from bigger rival BBVA that was worth around 12 billion euros ($12.9 billion) when it was announced last week, newspapers including La Vanguardia said. Sabadell ...
Monday, May 6
by
SRN News
KKR to buy India’s Healthium Medtech at $839 million valuation, sources say
MUMBAI/BENGALURU (Reuters) -Global investment firm KKR will buy Indian medical devices maker Healthium Medtech from UK-based Apax Partners in a deal that three sources with direct knowledge of the matter say is valued at 70 billion rupees ($838.60 million). Healthium and Apax did not immediately ...
Monday, May 6
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SRN News
Volvo Cars April sales rise on strong EV demand
COPENHAGEN (Reuters) -Volvo Cars’ sales rose 27% in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on Monday. Volvo Cars, majority-owned by China’s Geely Holding, said in a statement sales of fully electric ...
Monday, May 6
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SRN News
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
COPENHAGEN (Reuters) -The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry’s capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group Maersk said on Monday. Maersk and other shipping ...
Monday, May 6
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SRN News
Red Sea disruption cuts Q2 capacity by 15%-20%, Maersk says
COPENHAGEN (Reuters) – The disruption to container shipping traffic in the Red Sea is worsening, and is expected to reduce the industry’s capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group Maersk said ...
Monday, May 6
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SRN News
Hungary and Serbia’s autocratic leaders to roll out red carpet for China’s Xi during Europe tour
BUDAPEST, Hungary (AP) — Chinese leader Xi Jinping will spend the bulk of his five-day tour in Europe this week in two small countries at the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in ...
Monday, May 6
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SRN News
Chinese tariffs could leave cognac makers with too much brandy
By Emma Rumney LONDON (Reuters) – High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters’ calculations, analysts, and investors who fear firms could be forced ...
Monday, May 6
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SRN News
Ailing French IT firm Atos says it received four restructuring offers
PARIS (Reuters) -Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt and inject cash into the business, adding it would decide which one to pursue by the end of the month. The offers ...
Monday, May 6
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SRN News
Macron sets Ukraine as top priority as China’s Xi Jinping pays a state visit to France
PARIS (AP) — French President Emmanuel Macron will seek to press China’s Xi Jinping to use his influence to move Russia toward ending the war in Ukraine during a two-day state visit to France. Both leaders were also expected to discuss trade disputes over ...
Monday, May 6
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SRN News
Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
Asian shares were mostly higher on Monday after Wall Street ended last week with the stock market’s best day in over two months in a rally backed by the cooler-than-expected U.S. employment data. U.S. futures edged higher and oil prices rose. The Japanese yen weakened ...
Monday, May 6
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SRN News
Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports
(Reuters) – Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday. UBS took over Credit Suisse in a government-backed rescue last year in what was the biggest ...
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