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Japan revises Q2 GDP higher on upbeat consumer spending
Q2 GDP grows 2.2% annualised vs initial 1.0%Consumption, inventories revised up, capex revised downEconomists expect slowdown in July-Sept quarter GDP on tariffsBy Satoshi Sugiyama TOKYO, Sept 8 (Reuters) - Japan's economy expanded much faster than initially estimated in the second quarter, d...Reuters
Mon, Sep 8
SNB’s Schlegel says he has high bar for next rate cut — Bloomberg
The Swiss National Bank (SNB) President Martin Schlegel said that the bar is very high for a return to negative borrowing costs because of their adverse impact on savers and pension funds, Bloomberg reported on Monday.
Fxstreet
Mon, Sep 8
China to reopen bond market to Russian energy firms amid deepening ties — FT
China is resuming its domestic bond market with top Russian energy companies, indicating deeper economic and political relations with Moscow, the Financial Times reported on Monday, citing two people familiar with the matter.
Fxstreet
Mon, Sep 8
Japan's Q2 GDP revised higher to annualised 2.2% expansion
TOKYO, Sept 8 (Reuters) - Japan's economy expanded an annualised 2.2% in the April-June period from the previous quarter, much faster than the preliminary reading, revised government data showed on Monday. The revised figure for gross domestic product (GDP) released by the Cabinet Office co...Reuters
Sun, Sep 7
Japan’s Ishiba to step down after election setback — Bloomberg
Japanese Prime Minister Shigeru Ishiba stated that he will step down, following weeks of calls for his departure in the aftermath of a second national election setback, Bloomberg reported on Sunday. Ishiba added that he would serve as prime minister until his replacement comes up.Fxstreet
Sun, Sep 7
High stakes for high fashion: brands bet on luxury revival on the catwalk
Luxury brands embark on high-stakes rebootsNew designers at Chanel, Dior, Gucci aim to revive consumer interestHigh-end industry struggles amid prolonged economic slumpBy Mimosa Spencer PARIS, Sept 8 (Reuters) - Chanel and Dior are among a record number of top fashion brands that will introduce n...Reuters
Sun, Sep 7
China's WM Motor to restart production after government-backed revival plan
By Che Pan and James PomfretBEIJING, Sept 6 (Reuters) - Chinese electric vehicle maker WM Motor said on Saturday it aimed to resume production and launch new models at its plant in the eastern city of Wenzhou after new owner Shenzhen Xiangfei Auto Sales Co. took over part of the struggling firm.The...Reuters
Sat, Sep 6
Vietnam Aug exports keep strong, PM warns of mounting inflation pressure
By Khanh Vu HANOI, Sept 6 (Reuters) - Vietnam's exports in August rose 14.5% from a year earlier to $43.39 billion, government data showed on Saturday, the first trade figures since a tariff of 20% on shipments to the United States took effect during the month.Imports in the month rose 17.7% ...Reuters
Sat, Sep 6
Trump's short list for Fed: Hassett, Warsh and Waller
Choices include current, former Fed governor and White House aideTrump pushes for significant rate cut as job market weakensTreasury secretary rules himself outBy Trevor Hunnicutt and Ann Saphir WASHINGTON, Sept 5 (Reuters) - U.S. President Donald Trump's short list of candidates to succeed J...Reuters
Sat, Sep 6
