Newswire

  • Newswire

    S.Korea won, stocks flat; eyes on BOK Governor comments  

    * Won pares earlier gains after BOK meeting decision * Eyes on BOK governor's press conference * Stocks hold ground on lingering Q2 earnings worry SEOUL, July 10 (Reuters) - The South Korean won held its ground against the dollar on Thursday morning, paring its earlier modest gains after the Bank of Korea held its policy rate, with investors shifting focus to a press conference by the central bank chief. The local currency was quoted at 1,011.8 versus the dollar as of 0234 GMT, nearly unchanged from Wednesday's onshore close at 1,012.1. "The market is keeping an eye out fo...More
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    INDONESIA PRESS-Suzuki market share up in H1 at 14 pct -Bisnis Indonesia  

    PT Suzuki Indomobil Sales, a local partner of Japan's Suzuki Motor Corp, said its Indonesian market share increased to 14 percent in the first half of this year, from last year's 13.7 percent. Sales at wholesalers from January to June reached 88,000 units, said Director Davy Tuilan. (Bisnis Indonesia) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Gopakumar Warrier)...More
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    MALAYSIA PRESS-Malaysia's Proton needs a year for turnaround, says Mahathir- Business Times  

    KUALA LUMPUR, July 10 (Reuters) - http://bit.ly/1w32vif NOTE: Reuters has not verified this story and does not vouch for its accuracy....More
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    INTERVIEW-Interest rate hikes won't hold back UK car sales - dealership CEO  

    * Rate rises will add little to cost of a car - Lookers CEO * Benefit of strong pound could be passed on to consumers, he says * Lookers focusing on premium, luxury brands with higher margins By Costas Pitas LONDON, July 9 (Reuters) - Future interest rate rises will not affect car sales in Britain and could easily be offset by manufacturers passing on their gains from foreign exchange, the head of one of the country's biggest car dealers told Reuters....More
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    Bugatti mulls hybrid follow-up to Veyron supercar -sources  

    * Bugatti's next model to rely on 1,500-PS engine -sources * Series may be limited to about 450 cars -sources * Bugatti declines comment on details of next model By Andreas Cremer BERLIN, July 9 (Reuters) - Bugatti, the maker of exotic supercars such as the 1,200-horsepower Veyron Grand Sport Vitesse, is considering a model that some might feel contradicts the ethos of the extravagant brand: a hybrid....More
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    EU Investigates Hungarian State Aid for Audi  

    The European Union's executive body is investigating whether the Hungarian government complied with EC rules in granting aid to the German automaker....More
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    BRIEF-Tianjin FAW Xiali Automobile sold 3,455 autos in June, down 51.6 pct  

    July 9 (Reuters) - Tianjin FAW Xiali Automobile Co Ltd * Says sold 3,455 autos in June, down 51.6 percent y/y Source text in Chinese: http://bit.ly/1ndEDYA Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)...More
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    Slow recovery leaves clouds over second quarter profits in Europe  

    * Earnings outlook improves, but strong euro a drag * Firms seen delivering 5-6 pct EPS growth - JPMorgan * Reporting season unlikely to offer stock-market catalyst * Strong euro, mixed economic outlook a drag on sentiment By Atul Prakash LONDON, July 9 (Reuters) - The earnings outlook for European firms is on the mend, though a spate of profit warnings and some weak economic indicators mean the second-quarter reporting season is unlikely to give investors a decisive steer....More
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    SE Asia Stocks -Mixed; Philippine shares fall on concerns over weak China demand  

    July 9 (Reuters) - Philippine stocks fell to their lowest in nearly a week while other Southeast Asian markets remained rangebound as lower June inflation in China raised concerns over weak demand that could hurt growth in the world's second largest economy. The Philippine index ended 0.6 percent weaker, its lowest since July 3, led by industrial and financial shares amid expectations of an interest rate hike. Although Philippine inflation slowed slightly in June, growing price pressures have been adding to expectations the central bank will raise interest rates for the first time in t...More
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    China Halting Sales Tax on Eco-Friendly Cars  

    The government will stop collecting sales taxes on approved models of electric, hybrid and fuel-cell cars from Sept. 1 through the end of 2017 in a bit to reduce air pollution....More
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