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To cope with a kimchi crisis, South Korea is banking on huge cabbage warehouses

To cope with a kimchi crisis, South Korea is banking on huge cabbage warehouses

SEOUL, Sept 30 (Reuters) – South Korean kimchi makers are in deep trouble as a climate change-induced cabbage shortage has driven up prices this year, compounding the damage inflicted by cheaper offers from Chinese competitors. Such is the sense of crisis surrounding the spicy pickled side dish eaten daily by many Koreans and central to …

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EXCLUSIVE Grab sees no big layoffs despite market weakness

EXCLUSIVE Grab sees no big layoffs despite market weakness

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s largest ride-hailing and food delivery company, is not planning massive layoffs like some rivals have, and is hiring more selectively, while moderating its ambitions …

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Stocks hit 2-year low as central banks step up war on inflation

Stocks hit 2-year low as central banks step up war on inflation

Join now for FREE unlimited access to Reuters.com Register MSCI All-World hits 2-year low Yen stable but traders wary of more intervention Treasuries head for eighth weekly loss LONDON/SYDNEY, Sept 23 (Reuters) – Stocks hit a two-year low on Friday and bonds suffered an eighth weekly loss as investors digested the prospect of a much …

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Analysis: Japan is chasing the intervention on the yen

Analysis: Japan is chasing the intervention on the yen

Japanese yen banknotes are seen in this illustration photo taken September 22, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – As the Bank of Japan enters the foreign exchange markets for the first time in decades to defend a battered yen, it faces many obstacles, chiefly …

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Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Join now for FREE unlimited access to Reuters.com Register BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen TOKYO, Sept 22 (Reuters) – Japan intervened …

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China's Nio takes on BMW and Mercedes in domestic market with flexible battery plan

China’s Nio takes on BMW and Mercedes in domestic market with flexible battery plan

People visit the Nio booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 21 (Reuters) – Chinese electric car startup Nio is seeking to capture a share of the growing European electric vehicle market by …

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