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Nippon Steel confident of completing US Steel acquisition

By Yuka Obayashi TOKYO (Reuters) – Japan’s top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S. Steel, despite opposition from labour union and certain U.S. senators, its president said on Friday. The world’s fourth-largest steelmaker’s planned $14.9 billion deal has drawn criticism from Democratic and Republican lawmakers and the powerful …

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Chinese wealth manager Zhongzhi files for bankruptcy liquidation

BEIJING (Reuters) -Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn. Zhongzhi applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts, a court in …

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India’s Titan posts strong growth in jewellery segment in Q3

BENGALURU (Reuters) – Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec. 31 as it saw double-digit growth in its jewellery business. Titan’s jewellery business alone had accounted for more than 85% of total income in the September quarter. The …

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Oscar Pistorius freed from jail 11 years after murdering girlfriend

By Bhargav Acharya and Siyabonga Sishi PRETORIA (Reuters) -South African former Paralympic star Oscar Pistorius was released on parole on Friday, nearly 11 years after murdering his girlfriend Reeva Steenkamp in a crime that shocked a nation inured to violence against women. Pistorius – dubbed “Blade Runner” for his carbon-fibre prosthetic legs – shot 29-year-old …

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New York could be first state to offer prenatal paid leave to mothers

By Daniel Trotta (Reuters) – New York Governor Kathy Hochul on Thursday proposed offering pregnant women 40 hours of paid leave to attend prenatal medical appointments, which she said would make New York the first state in the U.S. to offer such benefits. The proposal was part of a six-point plan to improve maternal and …

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Exxon earnings to drop on California offshore exit, weaker prices

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits. The snapshot by the largest U.S. oil producer showed operating results could drop to about $8.9 billion, down 30% from the $12.7 …

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Hong Kong tycoon’s lawyers appeal to UN over witness torture accusation

GENEVA (Reuters) -Lawyers for Hong Kong pro-democracy tycoon Jimmy Lai said on Thursday they had appealed to the United Nations expert on torture over the treatment of a witness they believe was tortured before giving incriminating evidence. Lai, 76, founder of now-shuttered pro-democracy paper Apple Daily and a leading critic of the Chinese Communist Party, …

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First Quantum in talks with Jiangxi Copper on sale of stake in Zambian mines-source

By Divya Rajagopal TORONTO (Reuters) -Canadian miner First Quantum Minerals is in talks to sell a stake in its Zambian copper mines to Chinese state-owned Jiangxi Copper Corp, aiming to bolster the company’s finances, a person familiar with the matter told Reuters. Details are yet to be finalized and it was not clear whether the …

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India’s Nifty begins 2024 with weekly losses as IT drags

By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes posted marginal gains on Friday but logged losses for the week, dragged by high-weightage information technology stocks on weak earnings outlook and fading hopes of early U.S. rate cuts in 2024. The NSE Nifty 50 fell 0.09% this week, while the Sensex shed 0.30%. For the week, …

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Train collision in Indonesia kills four, injures 42

JAKARTA (Reuters) -A train collision in Indonesia’s West Java province on Friday killed four people and injured 42, local police said, as authorities investigated the cause of the crash. Video images from broadcasters MetroTV and Kompas TV showed passengers being helped out of train carriages, some of which had gone off the rails entirely. The …

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