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South Korea's Hanwha Group says it has US approval for Austal stake increase
June 10 (Reuters) - Hanwha Group has received approval from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal ASB.AX to 19.9% from the current 9.9%, the South Korean conglomerate said on Tuesday. Austal, which supplies defence vessels...Reuters
Tue, Jun 10
RPT-Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
Deflation deepens in China as US tariffs add to gloomy economic moodLuxury consumers increasingly shifting to second-hand marketBut overcapacity, supply growth outpaces demand, leading to deeper discountsPrice wars unsustainable, new stores may close, industry exec saysBy Liangping Gao and Casey Hal...Reuters
Tue, Jun 10
Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
Deflation deepens in China as US tariffs add to gloomy economic moodLuxury consumers increasingly shifting to second-hand marketBut overcapacity, supply growth outpaces demand, leading to deeper discountsPrice wars unsustainable, new stores may close, industry exec saysBy Liangping Gao and Casey Hal...Reuters
Tue, Jun 10
Pakistan likely to hike defence spending but slash overall budget in 2025-26
Pakistan will announce its new budget on TuesdayDefence spending may rise by about 20%.Growth is forecast at 4.2% next year.By Ariba Shahid and Saeed Shah ISLAMABAD, June 10 (Reuters) - Pakistan will unveil its annual federal budget for the coming fiscal year later on Tuesday, seeking to kicksta...Reuters
Tue, Jun 10
Australia has stabilising role amid rising global division, says PM Albanese
SYDNEY, June 10 (Reuters) - Australia will seek to disprove the "corrosive" idea that democratic institutions are failing amid significant global uncertainty, and play a stabilising role in the region, Prime Minister Anthony Albanese said on Tuesday. In his first major speech since his centr...Reuters
Tue, Jun 10
US yields slide as market eyes inflation data, US-China talks
June 9 (Reuters) - U.S. Treasury yields were modestly lower on Monday afternoon, after rising on Friday following an unexpectedly strong May jobs report. The uptick in demand for Treasuries came ahead of planned auctions for three-, 10- and 30-year U.S. notes and bonds this week and U.S. inflation..Reuters
Tue, Jun 10
Irish corporate tax set for further short-term boost, fiscal watchdog says
DUBLIN, June 10 (Reuters) - Booming Irish corporate tax receipts could grow further in 2025 and 2026, even as the threat of potentially damaging tariffs hangs over the volatile source of revenue, the country's independent fiscal watchdog said on Tuesday. A six-fold jump in corporate tax revenue ...Reuters
Tue, Jun 10
