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Singapore’s CapitaLand Investment launches first onshore master fund in China

(Reuters) -Real estate investment manager CapitaLand Investment Ltd said on Wednesday that it has launched its first onshore master fund in China, backed by a total equity commitment of 5 billion yuan ($692.58 million). The Singapore-based company said its new fund, CLI RMB Master Fund, will target business parks, retail, rental housing, and serviced residences, …

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Nippon Steel still committed to full U.S. Steel takeover -executive

By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Nippon Steel remains committed to acquiring a full stake in U.S. Steel, a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump’s stance on the deal. The steelmakers face a May 21 deadline for …

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Brazil chicken exporters brace for cargo rejections amid bird flu outbreak

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -Countries, including China, will not accept chicken consignments in transit from Brazil following confirmation of the country’s first bird flu outbreak, Brazilian meat lobby ABPA, which represents large food processors, said on Tuesday. ABPA president Ricardo Santin told Reuters in an interview that rejection of cargoes …

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Ride-hailing drivers in Indonesia hold protests to demand better pay

By Ananda Teresia and Heru Asprihanto JAKARTA (Reuters) -Hundreds of taxi and delivery drivers joined protests in several cities across Indonesia on Tuesday over low wages and to oppose a planned merger between the country’s largest tech company GoTo and U.S.-listed ride-hailing rival Grab. Ride-hailing and delivery services, especially by motorcycle, are a critical part …

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Brazil asks China to limit chicken embargo to city with bird flu outbreak, local media says

SAO PAULO (Reuters) – Brazil’s government has asked China to restrict its embargo on chicken imports to products just from the city of Montenegro, where the South American country last week registered an outbreak of bird flu on a commercial farm, newspaper Folha de S.Paulo reported on Tuesday. On Friday, Brazil reported its first ever …

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AI poses a bigger threat to women’s work, than men’s, says report

By Olivia Le Poidevin GENEVA (Reuters) -Jobs traditionally done by women are more vulnerable to the impact of artificial intelligence than those done by men, especially in high-income countries, a report by the United Nations’ International Labour Organization showed on Tuesday. It found 9.6% of traditionally female jobs were set to be transformed compared with …

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Apple supplier Foxconn to invest $1.5 billion in India unit

(Reuters) – Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China. Foxconn’s Singapore-based subsidiary will buy 12.77 billion shares worth 10 rupees apiece, amounting to 127.74 billion rupees ($1.50 billion) in Yuzhan Technology India, according to …

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Exclusive-Kazakhstan’s oil output rises 2% in May in defiance of OPEC+

MOSCOW (Reuters) -Kazakhstan’s oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output. Kazakhstan has repeatedly breached its OPEC+ production quotas, citing the difficulty of telling Western oil majors, such as Chevron and ExxonMobil, to …

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Chevron seeks big oil and gas blocks in Indonesia, regulator says

TANGERANG, Indonesia (Reuters) -U.S. oil major Chevron is interested in exploring and developing oil and gas assets in Indonesia with sizable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK Migas, said on Tuesday. Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas, Djoko said, adding …

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