REAL

3M combat earplug arguments to proceed, judge rules, despite bankruptcy case

The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com register Aug 26 (Reuters) – 3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the US military, after …

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Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register HONG KONG/SHANGHAI, Aug 25 (Reuters) – Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the …

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Apple supplier Foxconn to invest $300 million more in northern Vietnam, state media reports

A motorist passes by a Foxconn office building in Taipei, Taiwan, July 14, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com register HANOI, Aug 20 (Reuters) – Apple supplier Foxconn (2317.TW) has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City (KBC.HM) to expand its facility in …

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China takes steps to support some property developers, boost demand in economy

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 16 (Reuters) – China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, …

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With Alibaba stake cut, SoftBank’s Latest cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba …

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China’s economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register Factory activity slows in July vs June – Caixin survey …

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Chinese developer Evergrande’s unit ordered to pay out $1.1 billion

HONG KONG, July 31 (Reuters) – Struggling developer China Evergrande Group (3333.HK) said on Sunday that one of its subsidiaries, Evergrande Group (Nanchang) Co, Ltd, had been ordered to pay a guarantor 7.3 billion yuan ($1.08 billion) ) for failing to honor its debt obligations. In July 2021, the guarantor, who was not named in …

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Why Almost All of Your Instagram Videos Are Becoming Reels

photo: Dean Drobot (Shutterstock) If you haven’t noticed, Instagram is pushing Reels—its in-app TikTok clone—very hard. Since Reels rolled out in 2020, the Meta-owned picture-sharing app has been all but begging people to use the feature (and not just repost their own TikToks there). Whether or not you’ve actually created any Reels, you soon won’t …

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China plans real estate fund worth up to $44 billion for distressed sector, source says

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register Fund size initially to be set at 80 bln yuan -source News comes as regulators scramble to reassure investors Fund alone will not ‘solve all the …

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China Evergrande CEO, CFO step down after probe into property services unit

July 22 (Reuters) – China Evergrande Group (3333.HK) said on Friday that its chief executive officer and finance head have resigned after a preliminary probe found their involvement in diverting loans secured by its publicly listed unit to the group. The indebted company was investigating how deposits worth 13.4 billion yuan ($1.99 billion) belonging to …

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