Page 2939 - Business Finance
Japan second-quarter GDP growth beats expectations but trade risks loom
TOKYO (Reuters) - Japan's economy grew more than expected in the second quarter, helped by improved household spending and rebounding from a contraction in the previous quarter, but global trade tensions loom as major risks to the export and investment outlook.
Japan second-quarter GDP expands annualised 1.9 percent - government
TOKYO (Reuters) - Japan's economy expanded at an annualised rate of 1.9 percent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact.
Japan second GDP expands annualised 1.9 percent - government
TOKYO (Reuters) - Japan's economy expanded at an annualised rate of 1.9 percent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact.
Japan's Motegi says he held frank U.S. trade talks, still prefers TPP
WASHINGTON (Reuters) - Japan's Economy Minister Toshimitsu Motegi said he had a frank exchange about trade on Thursday with U.S. Trade Representative Robert Lighthizer, while appearing to stick with Tokyo's position of avoiding a bilateral free-trade agreement.
Japan economy returns to black after first dip in two years: govt
Japan's economy returned to growth in the second quarter following its first contraction in two years, official figures showed today, but fears of US trade wars clouded the outlook. The world's third-largest economy grew 0.5 percent quarter-on-quarter in the April-June period, compared with a 0.2-percent decline in January-March, the Cabinet Office said. But analysts warned US-led trade wars could be a major risk factor for an economy still struggling to win a long battle against deflation.
Japan's Motegi: Had frank trade talks with U.S., still prefers TPP
WASHINGTON (Reuters) - Japan's Economy Minister Toshimitsu Motegi said he had a frank exchange about trade on Thursday with U.S. Trade Representative Robert Lighthizer, while appearing to stick with Tokyo's position of avoiding a bilateral free-trade agreement.
Japan second-quarter GDP growth expected to recover but trade risks loom
TOKYO (Reuters) - Japan's economy is expected to have recovered from a contraction in the first quarter as household spending improved, but trade tensions between Washington and Tokyo loom as a major risk to the country's exports and investment outlook.
US dollar rallies amid economic data
The US dollar index increased against other major currencies as investors digested a batch of economic reports.
Factbox: U.S. companies with exposure to Russia
(Reuters) - Although the United States and Russia have imposed economic sanctions on each other since 2014, several large U.S. corporations, including PepsiCo Inc and McDonald's Corp , still count Russia as a growth market.
Tesla shares fall 5 percent on Wall Street scepticism, SEC probe reports
NEW YORK (Reuters) - Tesla Inc's shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fuelled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private.
U.S. sanctions slam Russian ruble, Turkey's lira tumbles
NEW YORK (Reuters) - New U.S. sanctions against Moscow drove down Russia's ruble, while worries that Turkey was sliding into a full-blown economic crisis battered the lira on Thursday, but global equity markets largely shrugged off the turmoil to edge higher.
Thyssenkrupp CEO sees job cuts as part of overhaul - FAZ
BERLIN (Reuters) - Germany's embattled industrial group Thyssenkrupp expects job cuts as part of an overhaul of its operations, daily Frankfurter Allgemeine Zeitung (FAZ) reported, citing an interview with the top executive.
Goldman Sachs sued by ex-managing director who said he was whistleblower
NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified, "notorious European businessman."
S&P 500, Dow end lower with drag from energy stocks
(Reuters) - The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy shares.
Oil slips as trade worries weigh on market
NEW YORK (Reuters) - Crude prices settled slightly lower on Thursday, extending the previous session's losses as the escalating China-U.S. trade dispute casts doubt over the outlook for oil demand.
CBDT to scrutinise 0.35% IT returns filed last year
The Central Board of Direct Taxation (CBDT) on Thursday said that only 0.35 per cent of the Income Tax returns, filed last year will be scrutinised.Sushil Chandra, the chairman of CBDT said, "We are only picking 0.35 per cent cases for scrutiny. Simultaneously we are making our enforcement unit stronger so that the cases of tax evaders will be dealt with severely."His statement comes days after the IT Department detected undisclosed income worth Rs. 125 Crore under the Foreign Account Tax Compliance Act (FATCA).Speaking about it, Chandra said that action will be taken against the offenders under Black Money Act."We have got around Rs 124 crore under FATCA. Action will be taken against them (tax offenders). If it is found that they have not disclosed their income in their regular returns. Action in the black money tax (law) will be taken against them," he added.He further said that CBDT had sent notices to everyone who filed their returns this year and also taken into account their ...
Exclusive: Donerail Group in talks to buy Chicago Tribune owner Tronc - sources
(Reuters) - Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc , the publisher of Chicago Tribune, people familiar with the matter said on Thursday.
Tech stocks extend recent gains, S&P 500 nears record high
NEW YORK (Reuters) - The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.
CORRECTED: Thyssenkrupp CEO sees job cuts as part of overhaul - FAZ
BERLIN (Reuters) - (This version of the story corrects final paragraph to clarify that the Thyssenkrupp supervisory board, and not Kerkhoff, is leading the search for a new chairman)
Kremlin considers raising more revenue from mining companies
MOSCOW (Reuters) - Russia is considering propping up the state budget by raising more revenue from metal and mining companies that are earning windfall profits, according to proposals seen by Reuters.