Tricky Politics on Menu for Chinas Xi at US Business Dinner

SAN FRANCISCO, Nov 13 Reuters Top business leaders in the United States are expected to dine with Chinese President Xi Jinping in San Francisco on Wednesday as he seeks to court American companies and counter his country39;s recent struggles to entice foreign investment. The dinner on the margins of the AsiaPacific Economic Cooperation forum will follow a […]
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ACS Reports 20 Rise in net Profit as Sales Grow in US

MADRID, Reuters Spanish builder ACS posted a ninemonth net profit of 576 million euros 616.2 million on Monday, a 20 rise from last year and topping market expectations, as it expanded projects in the United States and benefited from tollroad unit Abertis. Analysts on average expected net profit to jump 15 to 552.67 million euros from the […]
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German RWEs 9mth Core Profit nearly Doubles, Shares Rise

FRANKFURTDUESSELDORF, Nov 14 Reuters Core profit at Germany39;s biggest utility RWE jumped 82 in the first nine months, thanks to its commodity trading business and improved margins for its gasfired power plants, the group said on Tuesday. Shares climbed 1.9 in morning trading and were among the top gainers in Germany39;s bluechip index. Still, the stock […]
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Argentina 2023 Inflation seen at 185 Cenbank Poll

BUENOS AIRES, Nov 13 Reuters Analysts polled by Argentina39;s central bank raised their estimate for annual inflation for this year to 185.0, the bank said on Monday, up from last month39;s estimate of 180.7. The Market Expectations Survey REM, conducted between Oct. 27 to 31 among 38 participants from consulting firms, financial entities and local and […]
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Global EV Sales Stay Strong, China Hits Record

Nov 14 Reuters Electricvehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. China ended an 11year subsidy scheme for EV purchases in 2022, but some local authorities have continued to offer aid or tax rebates to attract […]
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