South Korean exports saw their steepest decline in three months with a 10.2% drop last month from a year earlier, partly due to fewer working days. Minus exceptional factors, however, exports were down 1.6%, the […]
A July rout in oil prices amid signs of a global glut extended into the first trading day in August, falling below US$40 a barrel for the first time since April. The market is nearing […]
Investors continue to shift money from global equity funds to bonds and emerging market debt, according to Bank of America Merrill Lynch. European equity funds have seen withdrawals of $76 billion so far this year. […]
China’s industrial sector shifted to contraction in July as a surprise slowdown in factory activity hit small and midsize companies. The official purchasing manager’s index reached 49.9, down from 50 in June, on a scale […]
Didi Chuxing, the dominant ride-hailing service in China, said it will acquire Uber Technologies Inc.’s operations in the country, ending a battle that cost the two companies billions as they competed for customers and drivers. […]
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