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Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:** Australia's Perpetual ASX:PPT said it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB OMXSTO:EQT that values the financial services provider at A$2.45 billion ($1.6…

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Factory activity was strong in June despite war-driven cost pressures, PMIs show

By Jonathan Cable and Leika KiharaEuro zone manufacturing output closed out its best quarter since early 2022 last month while an AI boom powered Asian producers, business surveys showed on Wednesday, offering some relief from the U.S.-Israeli war with Iran.Cost pressures did dip but they remain el…

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Economy

BYD's sales rise for second month, buoyed by exports

Chinese electric vehicle maker BYD SZSE:002594 logged a second straight month of rising sales globally in June, as strong exports offset sluggish domestic demand.Total vehicle sales were up 5.5% from a year earlier to 403,472 units last month, according to Reuters calculations based on a stock fil…

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