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Falling prices, not markets, the real headache for Chinese firms Falling prices, not markets, the real headache for Chinese firms The dramatic collapse of China`s stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind - the remorseless erosion of profits thanks to nearly four years of price deflation.
Japan inflation stalls and spending slides, keeps BOJ under pressure Japan inflation stalls and spending slides, keeps BOJ under pressure Japan`s core consumer inflation was flat in the year to July and household spending unexpectedly fell, casting deeper doubt on the central bank`s forecast that a solid economic recovery will help accelerate inflation to its 2 percent target.
Oil markets catch breath after biggest gains in six years Oil markets catch breath after biggest gains in six years Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.
Asia extends stocks rally as upbeat US GDP calms nerves Asia extends stocks rally as upbeat US GDP calms nerves Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week.
McDonald's, Tyson Foods drop farm after videotape shows animal cruelty McDonald's, Tyson Foods drop farm after videotape shows animal cruelty McDonald`s Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, beating and stomping on chickens in an undercover video shot by animal rights activists.
UBS pays $1.7 mn for `apparent` sanctions violations UBS pays $1.7 mn for `apparent` sanctions violations The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.
Wall Street surges for second day as China fears fade Wall Street surges for second day as China fears fade Wall Street rallied on Thursday as investors grew optimistic that the worst of recent market turmoil was over after strong U.S. economic data and hints that a September interest-rate hike was unlikely.
French Economy Minister pledges love, reforms, to business leaders French Economy Minister pledges love, reforms, to business leaders France`s Socialist government will keep making changes aimed at helping businesses until the end of its mandate in 2017, Economy Minister Emmanuel Macron said on Thursday, pledging both "love" and "demonstrations of love."
US oil jumps more than 10% to $42.56 a barrel US oil jumps more than 10% to $42.56 a barrel US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.
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