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Complaints targeting BYD flood Chinese consumer portal after smart EV launch

BEIJING (Reuters) – Complaints about BYD over its move to offer free smart driving features across most of its line-up have flooded a prominent Chinese auto quality platform, many from customers who said they had overpaid for their cars. Over 4,700 complaints were filed against BYD cars between February 11-17 on 12365auto.com, a third-party auto …

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Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan

(Reuters) – Southwest Airlines said on Monday it would cut about 15% of corporate jobs, or about 1,750 roles, as the U.S. budget carrier looks to reduce costs and streamline its organizational structure.  The reduction also includes leadership positions, Southwest said, adding it would eliminate 11 senior leadership roles – which represents 15% of the …

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Woodside, Santos face earnings dip; growth projects in focus

By Shivangi Lahiri and Nichiket Sunil (Reuters) – Woodside Energy and Santos, Australia’s top oil and gas producers, are expected to log a modest fall in annual earnings, with investors seeking more clarity on dividend payouts amid lingering execution risks to key growth projects. The primary reason for an annual profit decline will be softer …

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BHP sees steel and copper demand recovering after profit slumps to six-year low

By Melanie Burton and Sameer Manekar MELBOURNE (Reuters) -BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global growth from potential trade tensions, as it logged its lowest first-half profit in six years. After scrapping a $49 billion bid to acquire …

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Fed’s Waller: Uncertainty over trade, other policies, shouldn’t paralyze rate moves

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor Christopher Waller said his “baseline” view is that the Trump administration’s new tariffs will have only a modest impact on prices that the central bank should try to look through in setting monetary policy. Uncertainty about the impact of trade or other administration policies, Waller said, …

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Canadian banks must reveal diversity of board, top managers under proposed rules

(This Feb. 15 story has been corrected to clarify that the rules are not yet in force after a statement from the finance ministry, in the headline and paragraph 1) MONTREAL (Reuters) – Canadian banks and other national institutions have to disclose information about the diversity of their boards of directors and top management under …

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Brazil’s cenbank announces $3 billion dollar auction with repurchase deal on Tuesday

SAO PAULO (Reuters) – Bazil’s central bank will offer up to $3 billion in a dollar auction with a repurchase agreement on Tuesday morning to roll over debt due on March 6, it said on Monday. The auction will take place from 10:30am to 10:35am local time, the central bank added, noting the repurchase is …

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Mexican tequila makers fret as US tariffs threaten their business

By Jose Luis Osorio and Sarah Morland VALLE DE GUADALUPE, Mexico (Reuters) – With the threat of a 25% U.S. import tax hanging over them, Mexican tequila manufacturers are anxious that businesses they’ve spent years building will have the rug pulled out from under them. Melly Barajas, who owns Azteca Wines And Spirits, a 100% …

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