Small business distress index hits mid-2020 high
(This July 13 story has been corrected to say Gotshal, not Gotschal, in paragraph 1) By Chiara Elisei LONDON (Reuters)…
Economy
Divisive China, Taiwan bids to join Pacific trade pact in focus at meet
By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set…
Australia No.3 bank clinches union deal for staff to work from home
By Byron Kaye SYDNEY (Reuters) – National Australia Bank (NAB), the No.3 lender, reached a deal that lets employees work…
Tesla begins sale of cheaper Model Y vehicle in South Korea
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price…
Cathay Pacific expects up to $576 million first-half profit as demand jumps
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion…
Exclusive-China invites global investors for rare meeting as economy sputters-sources
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China’s financial regulators have invited some of the world’s biggest…
China central bank to use tools such as RRR to tackle economic woes
By Kevin Yao BEIJING (Reuters) -China’s central bank will use policy tools such as the reserve requirement ratio (RRR) and…
Fed’s rate hike lags are about to bite: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -For the Fed and the U.S. economy, the hard bit starts now. Depending on…
Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming…
Analysis-BOJ in a bind as price pressures heighten case for early policy tweak
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is caught in a dilemma with growing prospects of sustained…