Author: admin
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Nissan, Honda announce plans to merge, creating world’s No. 3 automaker
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses.
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Big banks, business groups sue US Federal Reserve over annual ‘stress tests’
In bold move challenging regulators’ powers, plaintiffs allege US central bank’s ‘stress tests’ of Wall Street firms violate the law
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China, Japan foreign ministers meet and agree on visit, security dialogue
The one-day visit is Takeshi Iwaya’s first to Chinese capital since becoming Japan’s foreign minister in October, to discuss thorny issues with his country’s largest trading partner
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World Bank raises China’s GDP forecast for 2024, 2025
World’s second-biggest economy has struggled this year
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Brazil views labor violations at BYD site as human ‘trafficking’
Rio de Janeiro, Brazil — Authorities in Brazil said Friday they are probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers building a factory in the South American country. Federal prosecutors in Brazil are weighing possible criminal action after labor inspectors found 163 Chinese workers “in slave-like conditions” at…
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Treasury secretary to Congress: US could hit debt limit in mid-January
Janet Yellen says her agency will need to employ accounting maneuvers intended to prevent nation from breaching debt ceiling as early as January 14
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No ‘Santa Claus rally’ for global stocks as equities slide
Wall Street’s three main indices slumped to end the day, adding to losses Friday