Japanese Insurers, Banks to Sell Honda Shares Worth 3.3B, Filing Shows

TOKYO, July 4 Reuters Japanese financial groups including Tokio Marine, Sompo and two MSAD units will sell Honda Motor shares worth 535 billion yen 3.3 billion to unwind crossshareholdings, a regulatory filing showed on Thursday. Mitsubishi UFJ and Mizuho, Japan39;s first and thirdlargest financial groups, also plan to participate in the sale, a sign that the unwinding of crossshareholdings […]
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Volvo Cars June Sales Rise on Fully Electric Model Boost

COPENHAGEN, July 4 Reuters Volvo Cars39; sales in June rose 8 to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the Swedenbased automaker said on Thursday. Volvo Cars, which is majorityowned by China39;s Geely Holding, said in a statement […]
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Swiss Price Regulator Puts UBS under Observation

ZURICH, July 4 Reuters Switzerland39;s pricing supervisor has put UBS under observation following its takeover of Credit Suisse, the regulator said on Thursday. The supervisor met with financial market regulator FINMA, competition authority ComCo and the Swiss National Bank to discuss consequences of the takeover, it said. The meeting laid down the groundwork for necessary cooperation […]
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China and EU Held Technical Talks on Impending EV Tariffs

BEIJING, July 4 Reuters China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China39;s commerce ministry said at a regular news conference. To date, a number of consultations have been held at the technical level between China and the […]
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Oil Prices Slip from MultiMonth Highs on Demand Concerns

LONDON, July 4 Reuters Oil prices edged lower on Thursday, retreating from the previous session39;s multimonth highs, with investors taking profits as demand caution remained in focus despite last week39;s decline in U.S. inventories. Brent crude futures were down 43 cents, or 0.49, at 86.91 a barrel by 0855 GMT while U.S. West Texas Intermediate […]
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