Timeline: Foxconn withdraws from $19.5 billion Vedanta chip plan in India
NEW DELHI (Reuters) – Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in…
Business
Italy govt, Stellantis aim to boost production in Italy to 1 million vehicles
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Fiat parent Stellantis and the Italian government agreed on Monday to aim…
Brazil likely registered deflation in June, adding to rate cut case: Reuters Poll
By Gabriel Burin (Reuters) – Brazil likely registered mild deflation in June in monthly terms from lower fuel costs and…
Iran accuses U.S. Navy of defending fuel smuggling in Gulf incident
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the…
Citigroup downgrades US stocks amid recession risks, upgrades Europe
(Reuters) -Citigroup on Monday downgraded U.S. stocks in anticipation of a pullback in growth stocks and a recession in the…
Hyundai launches small SUV in India to boost share as rivals gain ground
By Aditi Shah and Riddhima Talwani NEW DELHI (Reuters) – Hyundai Motor Co on Monday launched a small sport-utility vehicle…
Alibaba and Tencent buoyed by hopes China tech crackdown to end
By Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Alibaba Group and Tencent shares rose in Hong Kong on…
Explainer-What’s next for Ant after its nearly $1 billion fine?
BEIJING (Reuters) – The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a…
Exclusive-South Korea asks banks to prepare $4 billion to support credit union -sources
By Seunggyu Lim SEOUL (Reuters) -South Korea’s financial services regulator has asked major commercial banks to prepare around $4 billion…
Analysis-Ground down: Australia coffee shops an early inflation casualty
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – The cost of serving up a sandwich with a cup of…