China will take steps to spur growth amid a trade war with the United States, but there is limited room for aggressive stimulus in an economy already laden with massive debts and a property market prone to credit-driven spikes, policy insiders said.
Toyota Motor Corp aims to raise vehicle sales in China by 8 percent to 1.6 million this year, the Japanese automaker said on Friday.
France’s L’Oreal, whose beauty brands range from Lancome creams to Maybelline make-up, is stocking up cosmetics in Britain as part its preparations for Britain leaving the European Union, its chief executive said.
U.S. homebuilder D.R. Horton Inc missed analysts’ estimates for first-quarter profit on Friday, as higher house prices and mortgage rates priced some buyers out of the market, squeezing sales of more expensive homes.
The Kazakh authorities are urgently looking for a bank to take over no. 2 lender Tsesnabank as they believe it needs new financing to prevent a collapse, three sources familiar with the discussions told Reuters.
Global stocks rose on Friday, as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China.
Oil prices fell slightly on Friday as concerns about U.S.-China trade talks and fresh data on surging U.S. fuel stocks sent a chill through markets.
Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.
Accenture Plc, SunTrust Banks Inc and the American Bankers Association, a trade group for U.S. banks, said on Friday that they had joined a $30 million investment round in Finxact, a startup that develops the back-end technology used by banks to process some transactions.
U.S. fund managers are retreating from consumer-related stocks and increasing exposure to loan-focused companies as investors worry the U.S. government shutdown – now the longest in U.S. history – may leave some deep scars on the economy.
U.S. life insurers are expected to report messy fourth-quarter results starting next week, with their massive investment portfolios getting hit by tumultuous markets.
U.S. homebuilder D.R. Horton Inc missed analysts’ estimates for first-quarter profit on Friday, as higher home prices made buyers delay purchases.
There is no desire among Deutsche Bank’s supervisory board members for a merger with rival Commerzbank in the near-term, a Deutsche board member said.
A senior Alibaba executive slammed the United States’ treatment of China’s Huawei Technologies as “extremely unfair”, saying measures by the country to curb the firm’s access to their markets was “very politically motivated”.
A Hindu nationalist group close to Prime Minister Narendra Modi’s party has urged him to resist pressure from the United States and not defer new regulations for the e-commerce sector, according to a letter seen by Reuters.
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