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Updated: 4 years 28 weeks ago
Buffett-backed BYD to supply EV batteries to Ford
Chinese electric vehicle (EV) maker BYD Co Ltd , will supply EV batteries to U.S. automaker Ford Motor Co , a document on the website of the Ministry of Industry and Information Technology showed on Monday.
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Zynga to buy Turkish mobile-game maker Peak for $1.8 billion: Bloomberg News
Zynga Inc has agreed to buy Turkish mobile-game maker Peak for $1.8 billion, Bloomberg News reported on Monday, citing Chief Executive Officer Frank Gibeau.
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Oil steady as OPEC+ considers extension to crude curbs
Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.
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Opel to add PSA model to Ruesselsheim production: Handelsblatt
German automaker Opel is planning to start manufacturing a compact car for French parent PSA at its main Ruesselsheim plant from mid-2021 onwards, German business daily Handelsblatt reported, citing company sources.
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Yum China to bring Beyond Meat's plant-based burgers to China
Yum China Holdings Inc said on Monday it will introduce Beyond Meat Inc's plant-based burgers at its fast-food restaurants in mainland China starting June 3.
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Global stocks scale three-month peak, dollar sags on reopening joy
World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.
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Global stocks scale 3-month peak, dollar sags on reopening joy
World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.
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Emirates could take four years to resume flying to entire network
Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic.
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Stocks scale 3-month peak, dollar sags on reopening joy
World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.
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Emirates president says could take four years to rebuild network from virus hit
Emirates President Tim Clark said on Monday it could take the airline four years to rebuild its network that has been decimated by the coronavirus pandemic.
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Worst may be over for euro zone factories, recovery to be slow: PMI
Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check.
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Buyout funds launch $3 billion bid for Spain's MasMovil
Buyout funds KKR , Cinven and Providence have mounted a friendly bid to pay up to 2.96 billion euros ($3.30 billion) for Spain's MasMovil , the companies said on Monday, sending shares in the telecom operator soaring more than 20%.
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Hyundai Motor's May sales fall sharply year-on-year on COVID-19 impact
South Korea's Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand in key markets.
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KKR, Cinven, Providence file public tender offer for Masmovil
Buyout funds KKR , Cinven and Providence teamed up to file a 2.96 billion euro ($3.30 billion) public tender offer for Spanish telecom company MasMovil on Monday.
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Asia stocks scale 3-month peak, resilient to U.S. rioting
Asian shares advanced to three-month highs on Monday as progress on re-opening economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.
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Hyundai Motor's May sales down 39% as virus hits auto demand
South Korea's Hyundai Motor said on Monday its provisional May sales fell 39% on year to 217,510 vehicles globally, as the impact of COVID-19 continued to hit global auto demand in key markets.
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Oil prices edge up ahead of upcoming OPEC+ meeting
Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
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Asia stocks hit 3-month peaks, resilient to U.S. rioting
Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.
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Analysts' View: Impact of the U.S. protests on financial markets
National Guard troops have been deployed in 15 U.S. states and the U.S. capital after five nights of violence and destruction that began with peaceful protests over the death of a black man, George Floyd, in police custody.
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Workers nervously eye return to Lear's coronavirus-hit plant in Mexico
Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers' trust.
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