China data met with relief by stock markets, Brexit Plan B in focus

LONDON (Reuters) – World stock markets kept their nerve on Monday, as data showed the Chinese economy slowed last year, underlining the need for more stimulus from Beijing. FILE PHOTO – An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee European stock markets opened […]

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China’s 2018 growth slows to 28-year low, more stimulus seen

BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. A woman works on a production line manufacturing paper tableware at a […]

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China’s economy cools in the fourth quarter, 2018 growth hits 28-year low

BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central business […]

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Detained ex-Nissan exec Ghosn promises not to flee Japan if freed

(Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn on Sunday promised to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO […]

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Ghosn may have had questionable ethics, co-chair of external Nissan probe says

TOKYO (Reuters) – The co-chair of a committee set up by Japanese automaker Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front […]

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ProSieben sees pressure easing as Netflix raises prices

MUNICH (Reuters) – ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said. FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. […]

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Small electric cars may be unaffordable for some: VW chairman to newspaper

FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the […]

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Eurotunnel boss says a second referendum would still back Brexit

Jacques Gounon, Chairman and Chief Executive Officer of Channel tunnel operator Getlink, formerly known as Eurotunnel, poses before the company’s 2017 annual results presentation in Paris, France, February 21, 2018. REUTERS/Stephane Mahe PARIS (Reuters) – Britons would back Brexit again if asked to vote in a second referendum, the head of Eurotunnel said on Sunday. […]

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China set to post slowest growth in 28 years in 2018, more stimulus seen

BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in […]

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