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BOJ highlights broadening wage, price hikes in report on regional Japan
By Leika Kihara TOKYO (Reuters) - Many regional areas of Japan saw small and mid-sized firms aggressively raise wages, reflecting intensifying labour shortages, the Bank of Japan (BOJ) said on Monday,...
Syndicated Content Jul 10, 2023
China urges ‘practical’ U.S. action on sanctions after Yellen talks
BEIJING (Reuters) - China on Monday called on the U.S. to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after U.S. Treasury Secretary Janet Yellen wrapp...
Syndicated Content Jul 10, 2023
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar with th...
Syndicated Content Jul 09, 2023
China should shift stimulus to consumption, ease residency curbs -PBOC adviser
BEIJING (Reuters) - China should shift the focus of its stimulus from investment to consumption and further loosen urban residency curbs to boost migrant workers' spending power, a central bank policy...
Syndicated Content Jul 09, 2023
Marketmind: China disinflation a mix of good and bad
(Reuters) - A look at the day ahead in European and global markets from Wayne Cole China's inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave a...
Syndicated Content Jul 09, 2023
SVB Financial sues US FDIC to recover $1.93 billion
(Reuters) -SVB Financial Group has sued the U.S. Federal Deposit Insurance Corporation (FDIC) to recover $1.93 billion from the regulator seized during the takeover of the failed Silicon Valley Bank i...
Syndicated Content Jul 09, 2023
China factory gate deflation deepens in June on weak demand
(Corrects to add dropped words in paragraph 3.) BEIJING (Reuters) - China's factory gate deflation deepened in June and missed expectations, while consumer prices were unchanged, data showed on Monday...
Syndicated Content Jul 09, 2023
China mutual funds cut fees as regulator targets $3.7 trillion sector
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 trillio...
Syndicated Content Jul 09, 2023
Alibaba shares rise 5.5% amid hopes Ant regulatory crackdown is ending
HONG KONG (Reuters) -Hong Kong shares of Alibaba Group opened 5.5% higher on Monday after China fined its affiliate, Ant Group, $984 million for violating laws and regulations, fuelling hopes that a y...
Syndicated Content Jul 09, 2023
Oil eases ahead of China, US data, but OPEC+ cuts support market
By Florence Tan SINGAPORE (Reuters) - Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this we...
Syndicated Content Jul 09, 2023
Peoria, IL, USA
50 °F Partly cloudy
