[ad_1] TOKYO (Reuters) – Japan’s gross domestic product likely grew at a slower rate than initially estimated in further signs the Sino-U.S. trade war is hurting manufacturing investment in the world’s third largest economy. The
BOJ’s Kuroda says deepening negative rates is among options: Nikkei
[ad_1] Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said cutting
Fitch downgrades Hong Kong as city braces for more protests
[ad_1] People take photos of general view of the city of Hong Kong from the Peak Tower, China September 5, 2019. REUTERS/Amr Abdallah Dalsh (Reuters) – Global credit rating agency Fitch Ratings on Friday downgraded
Merkel hopes China-U.S. trade problems will be over soon
[ad_1] BEIJING (Reuters) – German Chancellor Angela Merkel said on Friday that China-U.S. trade problems affect the whole world and that she hopes they will be resolved soon. FILE PHOTO: Chancellor Angela Merkel attends the
Alibaba to buy luxury e-commerce business from Netease for $2 billion
[ad_1] SHANGHAI (Reuters) – Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese
In China, P2P insiders say regulatory shortcomings have choked industry
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[ad_1] BEIJING/SHANGHAI (Reuters) – Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the
NetEase sells Kaola unit to Alibaba for $2 billion
[ad_1] FILE PHOTO: The company sign of Alibaba Group Holding Ltd is seen outside its Beijing headquarters in China June 29, 2019. REUTERS/Stringer (Reuters) – Nasdaq-listed gaming giant NetEase Inc (NTES.O) said on Thursday it
Exclusive: Petrobras unit head removed amid bribery allegations
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[ad_1] RIO DE JANEIRO/BRASILIA (Reuters) – The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras (PETR4.SA) has been removed, the company told Reuters on Thursday, after a middleman in
Peugeot, Dongfeng agree to restructuring plan for Chinese venture
[ad_1] FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen factory before it starts up production in Chengdu, Sichuan province, China, September 6, 2016. Picture taken September 6, 2016.China Daily/via REUTERS ATTENTION EDITORS –
U.S. Treasury calls for recapitalising Fannie, Freddie in long-awaited overhaul plan
[ad_1] WASHINGTON (Reuters) – The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalising mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen comprehensive housing