SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered its full-year real gross domestic product growth forecast for the world’s second biggest economy from 6% to 5.4%, according to a note published…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on Friday. ECB President Christine Lagarde singled out rising salaries as…
By Stella Qiu SYDNEY (Reuters) – Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China’s rate decision and U.S. Federal Reserve Chair Jerome Powell’s testimonies for clues on the path ahead. Both S&P 500 futures and Nasdaq futures were mostly flat after Wall Street’s…
By David Kirton RUICHANG, China (Reuters) – When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears were reluctant to do. “If you don’t improve their environment, the workers aren’t…
By Katya Golubkova TOKYO (Reuters) – Global oil prices fell on Monday, backing off last week’s gains as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude lost 68 cents to trade at $75.93 a barrel…
By Stella Qiu SYDNEY (Reuters) – Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China’s rate decision and U.S. Federal Reserve Chair Jerome Powell’s testimonies for clues on the rate path ahead. S&P 500 futures rose 0.1% early in Asia while Nasdaq futures firmed…
(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. A separation might not ultimately take place, the report said, citing people familiar with the matter, with one of them saying…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on…
By Tim Hepher, Allison Lampert and Kylie Madry PARIS/MEXICO CITY (Reuters) – Airbus is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. The number of new narrowbody planes being discussed ran into triple digits, meaning at least 100, the sources added, declining to go…
By Tim Hepher and Allison Lampert PARIS (Reuters) – Airbus is in advanced talks for a major new order from Mexican low-cost airline Viva Aerobus, industry sources said on Sunday. Airbus declined to comment on the talks, which the sources said would involve a deal for over 100 airplanes. The airline did not immediately respond…
