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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the…

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

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Global shares gain as Brexit tensions ease amid stimulus hopes

Europe's STOXX 600 rose 0.5 percent, helped by gains in Daimler and Unicredit , while sterling jumped 1.1 percent against the dollar, pulling further from a 31-year low hit last week. In Britain, interior minister Theresa May was set to become prime minister on Wednesday, offering some relief from the political uncertainty that has dogged the market since the country voted to leave the European Union last month. “U.S. real interest rates are now negative.

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Global shares gain as Brexit tensions ease amid stimulus hopes

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Bond yields sink as central banks head for easier policy

The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years. Signs that the world's big central banks will go even easier on monetary conditions, extending …

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Bond yields sink as central banks head for easier policy

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Kuka nears deal with Chinese bidder: source

BERLIN/FRANKFURT (Reuters) – German robotics maker Kuka is on the brink of agreeing to an investor agreement with Chinese bidder Midea that includes a long-term commitment to existing headquarters, factories and jobs, a source close to the negotiations said. Kuka needs to decide in the coming week whether it wants to recommend the acceptance of Midea's 4.5 billion euro ($4.99 billion) bid, the biggest German industrial technology company to be targeted by a Chinese buyer in a wave of recent deals. …

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Kuka nears deal with Chinese bidder: source

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Volkswagen group to phase out more than 40 car models: report

Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it

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Volkswagen group to phase out more than 40 car models: report

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Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

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Siemens CEO says not interested in robot maker Kuka

Siemens has no interest in becoming a white knight for German robot maker Kuka , which is the target of a 4.5 billion euro ($5.06 billion) takeover bid by Chinese home appliance maker Midea , Siemens' chief executive said. “If we had been interested, we would have acted on it some time ago,” Joe Kaeser told German broadcaster ntv in an interview. Midea's bid has fanned a furious debate over Chinese takeovers in Europe, with politicians such as German Economy Minister Sigmar Gabriel calling for tougher restrictions.

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Siemens CEO says not interested in robot maker Kuka

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Why China’s private sector needs a ‘high degree of attention’

By Kevin Yao BEIJING (Reuters) – Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to invest more in the economy and take up the slack as the government tries to engineer a shift away from largely state-run heavy industry to more entrepreneurial and services-led growth. Unfortunately, just when China needs the private

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Why China’s private sector needs a ‘high degree of attention’

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Norway’s wealth fund to sue Volkswagen over emissions scandal

(Reuters) – Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal. “Norges Bank Investment Management intends to join a legal action against Volkswagen arising

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Norway’s wealth fund to sue Volkswagen over emissions scandal

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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday. The deal, disclosed in a filing in federal court in Manhattan, …

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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

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