Global Equity Funds Draw Robust Inflows on Rate Cut Hopes

Dec 29 Reuters Global equity funds attracted substantial inflows in the week through Dec. 27 as data showed U.S. inflation cooled further in November, cementing expectations that the Federal Reserve would cut interest rates in March next year. The MSCI AllWorld index surged to 3184.32 on Thursday, its highest since January 13, 2022 amid market optimism over the […]
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Avtovaz to Increase Car Production to 500,000 in 2024

MOSCOW, Dec 28 Reuters Russia39;s staterun carmaker Avtovaz said on Thursday it plans to increase production of its Ladabrand cars to 500,000 next year after targets for 2023 were hit by U.S. sanctions. In 2023 Avtovaz, the largest Russian carmaker, expects to produce more than 374,000 Lada cars, the company said. The figure is in line […]
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Chinas new Thirst for Coffee Spurs CutThroat Cafe Competition

China39;s coffee consumption jumped 15 in latest season New coffee shops open at breakneck speed, face harsh competition College students boost demand for coffee in large and midsized cities Top exporter Brazil ships over 1 mln bags to China for 1st time SHANGHAI, Dec 29 Reuters Chinese coffee consumption is growing quickly, spurring cutthroat competition […]
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Signa Development Files for Insolvency with 1.3B in Debts KSV

FRANKFURT, Dec 29 Reuters Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros 1.28 billion, the KSV creditor protection association said. Signa on Thursday had said that the development division, as well as its big business Signa Prime, would be […]
Read More Wins Antimonopoly Lawsuit against Alibaba

BEIJING, Dec 29 Reuters Chinese online retailer said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan 140.68 million for monopolistic practices. The High People39;s Court of Beijing ruled that Alibaba Group Holding Limited along with Zhejiang Tmall Network Co and Zhejiang Tmall Technology Co had abused their […]
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