Japan firms’ price expectations slide, keep BOJ under pressure
TOKYO (Reuters) – Japanese companies’ inflation expectations fell slightly in June from three months ago, the Bank of Japan’s tankan survey showed, adding to growing doubts over its argument that aggressive money printing will accelerate price growth t…
Bank of Israel buying ‘hundreds of millions’ of dollars: sources
JERUSALEM (Reuters) – The Bank of Israel bought “hundreds of millions” of dollars of foreign currency on Monday, dealers said, after the shekel <ILS=> continued to strengthen for a fifth straight session.
Prosecutors seek detention for Lotte Group founder’s daughter: Yonhap
SEOUL (Reuters) – South Korean prosecutors conducting a bribery investigation on Monday requested a detention warrant for the daughter of the founder of South Korea’s Lotte Group conglomerate, Yonhap News Agency reported, citing the prosecutors’ office…
Saudi energy minister says oil market heading toward a balance, prices beginning to settle: state media
DOHA (Reuters) – The energy minister of Saudi Arabia, the world’s largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to settle, according to comments carried…
Volkswagen brand chief says no plans to step down despite investigation
FRANKFURT (Reuters) – Volkswagen’s brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper.
Credit Suisse CEO blames Brexit on low UK education spending
AIX-EN-PROVENCE, France (Reuters) – Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executi…
Tax haven route won’t work for post-Brexit UK, OECD says
LONDON (Reuters) – The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rule…
Kuka investor to sell 25 percent stake to Chinese bidder Midea
BERLIN (Reuters) – German mechanical engineering group Voith [VOITH.UL] has decided to sell its 25.1 percent stake in robot maker Kuka to Chinese bidder Midea for about 1.2 billion euros ($1.34 billion), it said on Sunday.
Californians seek pot of gold in marijuana legalization
SACRAMENTO, Calif. – There is no guarantee California will vote to legalize recreational marijuana in November, but political operative and father of four Daniel Conway has already staked his future on it.
Lotte Group Chairman Shin says to cooperate fully with South Korea probe
SEOUL (Reuters) – Lotte Group Chairman Shin Dong-bin said on Sunday he will cooperate fully with a probe by South Korean prosecutors into alleged wrongdoing by Lotte’s owner family members and executives.
