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Brazil to investigate hot-rolled steel export ‘dumping’ from China, India

SAO PAULO (Reuters) -Brazil’s government will launch an investigation into suspected export “dumping” of some hot-rolled steel products from China, India and Indonesia, its official gazette said on Monday. Preliminary studies have found the sufficient evidence of dumping as well as resulting damage to its domestic steel industry, the document said. Steelmakers in Latin America’s …

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Japan’s ‘death-tainted’ homes gain appeal as property prices soar

By Mariko Katsumura TOKYO (Reuters) -The house that property consultant and ghost investigator Kazutoshi Kodama regularly surveys has a grim history: seven years ago, an elderly woman hanged herself in the bathroom and last year her son died alone, his body undiscovered for roughly 10 days. Kodama says he has stayed in the house – …

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Hong Kong’s New World Development gets crucial $11 billion refinancing deal

By Rishav Chatterjee (Reuters) -Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancing package, as the property developer finalises a crucial lifeline in a struggling market. The refinancing, poised to be one of the largest ever seen in Hong Kong, concludes months of …

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Japan’s Dai-ichi Life could double investment target to at least $4 billion

By Miho Uranaka TOKYO (Reuters) -Japan’s Dai-ichi Life could double its strategic investment target to at least 600 billion yen ($4.17 billion) in its next medium-term management plan, the life insurer’s CEO said, as the company looks to expand internationally. Dai-ichi expects to accelerate its overseas investments after it acquired 15% of UK insurer and …

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Japanese auto supplier Musashi to close two plants in Germany, reports Wiwo

BERLIN (Reuters) -Japanese automotive supplier Musashi plans to close two plants in Germany and reduce its headcount at a third, German business news outlet WirtschaftsWoche reported on Monday, citing company sources. The firm will close the plants in the central German towns of Hannoversch Muenden and Leinefelde, while the plant in Luechow will operate with …

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Mercedes says no supply chain disruptions after China export concerns

STUTTGART (Reuters) -There has been no disruption to production due to limited raw material exports from China at German carmaker Mercedes-Benz, a senior executive said on Monday. Joerg Burzer, head of production at Mercedes, said the company remained vigilant over supply chain risks, particularly a shortage of rare earths, but had not experienced any issues …

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Mitsubishi aims to increase Europe sales with new Renault models, reports Automotive News Europe

PARIS (Reuters) -Mitsubishi Motors aims to increase its European sales by up to 30% with the help of two new Renault-based models, the regional CEO for the Japanese carmaker, Frank Krol, told Automotive News Europe. The aim is to sell 75,000 to 80,000 vehicles annually in Europe – a gain of 20 to 30% compared …

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China to extend anti-dumping duties on imports of some stainless steel

BEIJING (Reuters) -China will extend its anti-dumping duties on some stainless steel products from certain countries and regions for another five years from Tuesday in a bid to protect domestic manufacturers. Imports of stainless steel billet and hot rolled stainless steel plate originating from European Union, United Kingdom, South Korea and Indonesia will remain subject …

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China urges Canada to ‘correct wrongdoing’ over Hikvision shutdown

BEIJING (Reuters) -China’s commerce ministry on Monday urged Canada to “immediately correct its wrongdoings” after Ottawa ordered the Chinese company Hikvision to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take the “necessary measures” to safeguard the legitimate rights and interests of …

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Hong Kong-based crypto platform OSL shares jump on Canadian acquisition

SHANGHAI/HONG KONG (Reuters) -Hong Kong-listed shares of OSL Group jumped 10% to their highest in almost four years on Monday after the digital asset trading platform said it had acquired Canadian-based crypto infrastructure provider Banxa. The Banxa deal announced late on Friday is the latest in a string of overseas asset purchases over the past …

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