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HONG KONG (Reuters) – China hopes the European Union will critically rethink tariffs for Chinese language EVs and cease going additional within the “flawed route”, based on a commentary in state-backed information Xinhua. The assertion comes after the European Fee stated on Wednesday it is going to impose further duties of as much as 38.1% on imported Chinese language electrical …

Wall Avenue cheered the most recent inflation report, which confirmed costs rose lower than anticipated from April to Might. Shares jumped a quick 1% on the information. Customers needs to be cheered, too. One month’s value of financial numbers received’t routinely ease the strain on the household price range, however one vital development is convincingly going the best path: Inflation …

By Jonathan Stempel (Reuters) – A brand new lawsuit accuses Conagra Manufacturers of deceiving shoppers by “quick weighting” its Mrs. Paul’s and Van de Kamp’s frozen fish merchandise and falsely claiming they’re “100% complete fish.” In a proposed class motion filed on Tuesday in Chicago federal courtroom, three shoppers mentioned Conagra artificially boosts the load of 10 fish stick and …

DALLAS (AP) — The CEO of Southwest Airlines mentioned Wednesday he is not going to resign within the face of strain from a hedge fund that desires him fired and that his management workforce will produce its personal plan to spice up the airline’s financial performance. CEO Robert Jordan mentioned Southwest will current its plan in September. He declined to …

(Bloomberg) — Within the months earlier than Archegos Capital Administration imploded in March 2021, buying and selling was nearly nonstop. Considered one of Invoice Hwang’s merchants made the error of stepping away to make use of the lavatory when a inventory he was watching started to maneuver. Most Learn from Bloomberg “Invoice yelled at us,” former Archegos head dealer William …

BANGKOK (AP) — Myanmar, as soon as a thriving rising financial system, is struggling to regain momentum because the nation’s civil conflict more and more disrupts commerce and livelihoods. World Financial institution economists estimate the country’s economy grew at a 1% annual tempo within the yr that resulted in March, extra slowly than earlier anticipated, in keeping with a report …

BEIJING (Reuters) – China will take all needed measures to “firmly safeguard” its lawful rights and pursuits after a newspaper reported that the European Fee would impose tariffs of as much as 25% on imported Chinese language electrical automobiles (EVs), its overseas ministry mentioned on Wednesday. After an eight-month lengthy investigation, the Fee, which oversees commerce coverage for the 27-nation …

(Bloomberg) — China’s shopper costs rose lower than anticipated in Might and manufacturing unit costs dropped for the twentieth month in a row, fueling considerations over persistently weak demand. Most Learn from Bloomberg The buyer value index rose 0.3% from a 12 months earlier, the Nationwide Bureau of Statistics stated Wednesday, hovering above zero for the fourth straight month and …

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s client inflation held regular in Might whereas producer value declines eased, however the underlying pattern suggests Beijing would want to do extra to prop up feeble home demand and an uneven financial restoration. Weak consumption in China has saved a lid on client costs since 2023 regardless of many rounds of …

By Stella Qiu SYDNEY (Reuters) – Asian shares had been subdued on Wednesday after information confirmed China’s shopper costs nonetheless remained comfortable, whereas the greenback held agency forward of a key U.S. inflation report and Federal Reserve coverage resolution that may set the near-term course for rates of interest. MSCI’s broadest index of Asia-Pacific shares outdoors Japan was off 0.1%, …