Category: Business

For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips (PHG.AS) and Honeywell (HON.N) with products made in its Chinese factories for the U.S. and other overseas markets. That strategy paid off, helping it grow into the world’s second-largest maker of robotic vacuum cleaners. […]

The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data. The roller-coaster week began with a flight to safety driven by trade […]

Bank of Japan Governor Haruhiko Kuroda said cutting interest rates further into negative territory is among the bank’s policy options, according to an interview with the Nikkei newspaper published on Friday. But he stressed that if it were to ease, the BOJ must take into account the impact such a move could have on Japan’s […]

Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azeri supplies helped the region reduce reliance on Russia. Russian exports to Turkey, the biggest regional market, fell 36% compared to the first half […]

Australia’s ailing housing market is expected to turn around next year, but the recovery will be modest and a far cry from the boom times of double-digit price gains. Australian home prices will likely end this year about 2% lower, according to a median of 12 analysts. But they are forecast to rise 2.75% next […]

The dollar was marginally lower on Friday against a basket of currencies, holding above a one-week low as a mixed report on the U.S. jobs market in August reinforced the view of a slowing expansion and chances of more interest rate cuts from the Federal Reserve. Fed Chair Jerome Powell did little to ruffle those […]

Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday. British gross domestic product shrank in the second quarter of this year and the economy is struggling to pick up […]