South Korea proposes tax cuts to stimulate corporate investment, childbirth
By Jihoon Lee SEOUL (Reuters) – South Korea on Thursday proposed tax cuts to encourage companies to shift operations back…
Samsung to extend production cuts after $7 billion chip loss in H1
By Joyce Lee and Ju-min Park SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global…
Zara founder Ortega’s real estate fortune hit $20 billion in 2022
MADRID (Reuters) – The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported…
Argentina could again use yuan to evade IMF default
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) -Time is running out for Argentina to secure the next…
Thai June factory output drops more than forecast as exports weak
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s factory output shrank more than expected in June as sluggish…
HSBC to raise prime lending rate to 5.875% after Hong Kong rate hike
HONG KONG (Reuters) -HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 12.5…
German consumer morale to stabilize in August -GfK
BERLIN (Reuters) – German consumer sentiment is expected to stabilize in August, after a slight decrease the month before, as…
UK car output rises for fifth straight month in June – SMMT
(Reuters) – British car production rose for the fifth consecutive month in June compared to last year as pandemic-induced chip…
Santander plans to hire about 150 bankers to grow investment banking -sources
By Andres Gonzalez and Jesús Aguado LONDON/MADRID (Reuters) -Spain’s Santander is planning to hire around 150 bankers primarily in the…
Airbnb notes ‘exceptional level’ of demand in Paris region ahead of Olympics
PARIS (Reuters) – Vacation rentals company Airbnb said on Wednesday that it had noted an “exceptional level” of demand for…