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Vietnam's power crisis hits local firms, foreign investors
Vietnam's power crisis hits local firms, foreign investors
by  AFP

An intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to "uncountable" losses among local firms and foreign manufacturers.

Asian markets mostly up as traders eye China stimulus
Asian markets mostly up as traders eye China stimulus
by  AFP

Hopes China will unveil fresh measures to kickstart its ailing economy lifted most markets Friday, while the dollar struggled to bounce from losses fuelled by bets the Federal Reserve is near the end of its tightening cycle. However, Tokyo struggled on a stronger yen, even as the Bank of Japan on Friday stood pat on its ultra-loose monetary policy.

Top executive quits Nissan in new leadership turmoil
Top executive quits Nissan in new leadership turmoil
by  AFP

Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership. Nissan said Gupta had "elected to leave the company to pursue other opportunities effective June 27", without detailing the reasons for his departure.

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