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Japan’s core inflation hovers at two-year low

Bloomberg Japan’s key consumer prices continued to rise at the same pace in July, amid increasing speculation that the Bank of Japan (BOJ) may ramp up its stimulus as early as next month. Prices excluding fresh food rose 0.6% in July from a year earlier, matching economists’ median estimate, according to data from the internal affairs ministry. The downward impact of ...

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Asia keen to boost local cocoa supplies

Bloomberg Asia’s cocoa industry is scouring for ways to boost local bean supplies as the region’s chocoholics munch through more candy than ever. The solution is to increase production in Indonesia, the top supplier and processor in the region, according to the Cocoa Association of Asia. But that’s going to be a tough assignment because it means reversing a relentless ...

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In a world of negative yields, Singapore still pays interest

Bloomberg Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative. The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9 billion ($2.1 billion) on Wednesday, the second-largest amount on record for 10-year ...

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Feud with S Korea threatens heating fuel shortage in Japan

Bloomberg Japanese consumers may face a costlier bill to stay warm this winter if South Korea bans exports of heating fuel to its neighbour as the trade feud between the two countries deepens. Kerosene is used as a fuel in portable stoves and fan heaters, particularly in the colder northern part of Japan. While local production accounts for about 90% ...

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US curbs to reduce Huawei mobile unit’s revenue by $10bn

Bloomberg Huawei Technologies Co. expects US export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software. China’s largest technology company is seeking ways to replace key US suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said. ...

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Bankers head to Saudi Arabia to compete for world’s biggest IPO

Bloomberg Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering (IPO), according to people with knowledge of the matter. Dealmakers representing advisory firms from around the world will from Tuesday travel to Saudi Aramco’s headquarters in Dhahran in the kingdom’s Eastern Province to ...

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German industry hit by perfect storm of trade woes, tech shifts

Bloomberg Deep in Europe’s manufacturing core, a German company is taking radical steps to cope with a perfect storm that has sent traditional economic pillars into a tailspin and put the country on the verge of recession. Huebner GmbH — a 73-year-old supplier of rubber and plastics that employs 3,300 people around the world — is selling its unit that ...

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Trump, Abe cite pact in principle on US-Japan trade deal

Bloomberg The US and Japan have agreed in principle on a trade deal that will include Japanese purchases of US agriculture products, US President Donald Trump said. Trump and Japan’s Shinzo Abe made the announcement on Sunday in Biarritz, France, at the Group of Seven summit after holding a bilateral meeting earlier in the day. “We’ve agreed in principle,” Trump ...

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WeWork rival IWG mulls spinoff for US business: Sky

Bloomberg The founder of IWG Plc is planning to spin off the firm’s US business into a separately listed company in New York, Sky News reported. IWG Chief Executive Officer Mark Dixon is in talks with investment banks about creating a standalone business to rival WeWork Cos., London-based broadcaster said on its website. Sky said that IWG’s US operations could ...

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Powell: US economy faces ‘significant risks’

Bloomberg Federal Reserve Chairman Jerome Powell said the US economy is in a favourable place but faces “significant risks,” reinforcing bets for another interest-rate cut next month though the remarks failed to mollify President Donald Trump. “Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” ...

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