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Renault CEO says free float of future electric unit will be more than 10%
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Accor plans to add more than 1,200 hotels
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China’s state banks seen selling dollars offshore to slow yuan drop – sources
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Indonesia’s Pertamina, Electrum sign battery packs development deal
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
Date: June 27, 2023
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal KUALA LUMPUR (Reuters) – Petronas said on Tuesday it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd., to collaborate on a carbon capture and storage (CCS) project in Malaysia. The agreement will cover all aspects of CCS...
Dollar holds firm ahead of U.S. durable goods, housing data
Date: June 27, 2023
Dollar holds firm ahead of U.S. durable goods, housing data By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that may determine the timing of interest rate hikes. Russian President Vladimir Putin said on Monday...
Illumina starts job cuts, plans office exit to rein in costs
Date: June 27, 2023
Illumina starts job cuts, plans office exit to rein in costs (Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the impact of sticky inflation and a strong dollar on its business. The company also intends to further cut workforce in the third quarter...
Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
Date: June 26, 2023
Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating a further 300 jobs in the process, the government said on Monday, as questions remain over the future of the industry...
UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation
Date: June 26, 2023
UK’s Sainsbury’s cuts more prices, adding to signs of abating inflation By James Davey and Sarah Young LONDON (Reuters) -British supermarket Sainsbury’s cut more prices on Monday, adding to evidence that a surge in food inflation will moderate this year and provide some relief to consumers worn down by a cost of living crisis into...
Yara postpones clean ammonia IPO after weak valuation
Date: June 26, 2023
Yara postpones clean ammonia IPO after weak valuation OSLO (Reuters) -Norway’s Yara has postponed a planned initial public offering of its Yara Clean Ammonia (YCA) business by one or two years due to an unsatisfactory market valuation, the fertiliser maker said in a strategy update on Monday. Yara in May last year said it had...