ASIA

Asia stocks struggle after dire China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar …

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Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict …

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Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for …

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Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record …

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Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on …

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N.Korea reports first COVID-19 outbreak, orders lockdown in “gravest emergency”

North Korea declares ‘gravest national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state has declined int’l offer of vaccine No North Korean civilians are believed vaccinated SEOUL, May 12 (Reuters) – North Korea confirmed its first COVID-19 outbreak on Thursday, calling it the “gravest national emergency” and ordering a national …

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Toyota warns profit to skid 20% as raw materials costs piled up

Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both well below analyst estimates ‘Unprecedented increases’ in materials, logistics costs ‘We need to work with suppliers to cut costs’ – CFO TOKYO, May 11 (Reuters) …

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5 things to know for May 11: Ukraine, Primaries, Gas Prices, Sri Lanka, Elon Musk

CNN — After an 11-day manhunt, an inmate who escaped an Alabama jail has been captured and is back behind bars. The corrections officer he fled with – whom authorities believe he had a romantic relationship with – died of an apparent self-inflicted gunshot wound. And this isn’t the first jail love story we’ve seen …

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Musk says he would reverse Twitter ban on Donald Trump

May 10 (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc, has inked a $44-billion deal …

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