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21 hours 53 minutes ago

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

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22 hours ago

Global stocks slide as U.S.-China trade war takes toll on earnings

Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.

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22 hours 4 minutes ago

Japan-South Korea gloom spurs worries of 'never seen before' chip price spike

Memory chip spot prices have risen for the first time this year, indicating grim warnings of "never seen before" spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

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22 hours 20 minutes ago

ASOS warns on profit again, blames overseas warehouse problems

British online fashion retailer ASOS dented profit expectations for the third time in eight months on Thursday, saying problems in ramping up warehouses in the United States and Germany had hit sales and increased costs.

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22 hours 25 minutes ago

Anglo American's second-quarter output rises 2%, on track to hit 2019 targets

Anglo American on Thursday posted a 2% rise in second quarter output and reaffirmed full-year production targets, boosted by a restart of operations at its Brazilian iron ore mine and higher volumes of coking coal.

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22 hours 51 minutes ago

Truckmaker Volvo lifts market view, picks Samsung for batteries

Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.

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23 hours 8 minutes ago

Britain's easyJet reassures on outlook, hires Ryanair operations chief

Britain's easyJet on Thursday reported third quarter trading in line with expectations, boosted by more customers taking optional extra services and enabling it to reiterate its full-year profit forecasts.

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23 hours 35 minutes ago

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

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23 hours 44 minutes ago

Volvo Cars to cut costs as trade war dents profits

Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

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23 hours 50 minutes ago

Britain's ASOS blames overseas warehouse issues for latest profit alert

British online fashion retailer ASOS warned on profit for the third time in eight months on Thursday, saying it had struggled to overhaul warehouses in the United States and Europe to meet demand.

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