Western car makers look to slash EV costs to fight Chinese ‘invasion’
By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) – Western automakers are fretting about an “invasion” of cheap Chinese electric…
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Singapore Airlines flags near-term competition in international travel
(Reuters) -Singapore Airlines said on Thursday it expects competition to intensify in the coming months as carriers scramble to take…
HK authority ups rates, matching Fed, says banks’ bad loans remain steady
By Georgina Lee and Donny Kwok HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base…
UK retail sales slide at fastest pace in more than a year: CBI
LONDON (Reuters) – British retail sales fell in July at the fastest rate since April 2022 and stores are bracing…
Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman
By Summer Zhen HONG KONG (Reuters) – Global hedge funds snapped up Chinese equities following the politburo meeting this week,…
Analysis-Investors manoeuvre, warily, for long-shot BOJ policy move
By Kevin Buckland TOKYO (Reuters) – From a rising yen to debt market derivatives, market signals reveal how investors are…
Singapore’s Keppel logs over seven-fold jump in first-half profit
(Reuters) -Singapore’s Keppel Corp on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off…
Roche: have abandoned some trials due to U.S. drug pricing plans
FRANKFURT (Reuters) -Roche said it had abandoned certain drug development projects or acquisitions under consideration because of planned price cuts…
Nestle says price rises will moderate in rest of 2023
LONDON (Reuters) – Nestle will raise prices at a more moderate rate in the remainder of 2023, its CEO said…
US not seeking permanent base in Papua New Guinea – defense secretary
By Kirsty Needham (Reuters) -U.S. Secretary of Defense Lloyd Austin said on Thursday during a visit to Papua New Guinea…