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BEIJING (Reuters) -China’s industry ministry on Wednesday said it would launch a three-month campaign to crack down on false marketing and other online irregularities in the automotive sector. The crackdown comes after regulations were tightened in May against an extended price war that has bruised automakers, suppliers and dealers in the world’s largest auto market. …

China cracks down on false auto marketing in three-month campaign Read More »

(Reuters) -Australian lender ANZ Group raised its year-end gold price forecast to $3,800 per ounce on Wednesday and expects prices to peak near $4,000 by next June, supported by strong investment demand for bullion. Gold prices rose to an all-time high $3,673.95 on Tuesday and has gained 38% so far this year, bolstered by a …

ANZ hikes gold price forecast to $3,800 on solid investment demand Read More »

By Scott Murdoch SYDNEY (Reuters) -Australian lender ANZ Group said on Wednesday its markets managing director, Anshul Sidher, will leave, in another key executive change under new Chief Executive Nuno Matos. Sidher was at ANZ for 13 years. He was appointed to lead the markets division in August 2023. ANZ said the bank’s global head …

Australia’s ANZ says markets chief Sidher to leave the bank Read More »

By Neil J Kanatt and Anshi Sancheti -U.S. holiday sales are projected to grow at their slowest pace since the pandemic, Deloitte said in a forecast released on Wednesday, as macroeconomic uncertainties weigh on consumer spending. WHY IT’S IMPORTANT Holiday shopping is a critical sales driver for retailers, especially amid uncertain demand and persistent inflation, …

US holiday sales set for slowest growth since pandemic, Deloitte report forecasts Read More »

By Scott Murdoch SYDNEY (Reuters) -National Australia Bank is cutting 410 jobs in its technology and enterprise operations in Australia and creating 127 roles in India and Vietnam, a spokesperson said, confirming cuts first revealed by the country’s financial services union. The NAB changes come one day after rival ANZ Group said it would cut …

National Australia Bank cuts 410 jobs, to hire in India and Vietnam Read More »