China may cut rates further in H2, government researcher says

BEIJING (Reuters) – China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China’s economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the…

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Nova Kakhovka dam in Kherson region blown up by Russian forces – Ukraine’s military

KYIV (Reuters) – The Nova Kakhovka dam in the Russian-controlled parts of Ukraine’s Kherson region was blown up by Russian forces, the South command of Ukraine’s Armed Forces said on Tuesday. “The scale of the destruction, the speed and volumes of water, and the likely areas of inundation are being clarified,” the command said on…

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Honduran president headed to China in first trip after ties established

TEGUCIGALPA (Reuters) – Honduran President Xiomara Castro is set to travel this week to China, her foreign minister said on Monday, the leftist leader’s first visit to the Asian giant after establishing formal diplomatic relations with it in March. Castro’s trip marks the latest step in the two nations’ new relationship, after her government ditched…

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Dell Australia found guilty of misleading customers on monitor prices, discounts

(Reuters) – Dell Technologies Inc’s Australian unit has been found guilty by the country’s Federal Court to have misled customers about the prices or discounts on its add-on monitors on its website, Australia’s competition regulator said on Tuesday. When customers chose to buy a personal computer, Dell Australia gave them an option to bundle a…

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Mexico’s Telmex reaches pay rise agreement with union, ministry says

MEXICO CITY (Reuters) – Mexican telecom Telmex, a subsidiary of America Movil, has reached a deal with a workers’ union that proposes a 5.6% pay rise, the country’s labor ministry said on Monday, after extended negotiations. The pay hike would apply to workers and retirees earning less than 1,185.06 Mexican pesos ($67.90) a day, the…

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Commonwealth Bank of Australia removes international money transfer fee

(Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, said on Tuesday it was removing transaction fees for its domestic retail and business banking customers sending money outside of the country using one of its digital platforms. Starting this month, the bank is waiving off a A$6 ($3.97) fee for international money transfers for…

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