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China unveils new steps to aid growth

Bloomberg China unveiled a package of policies to boost domestic demand as trade tensions threaten to worsen the nation’s economic slowdown, sending stocks higher. From a tax cut aimed at fostering research spending to special bonds for infrastructure investment, the measures announced following a meeting of the State Council in Beijing are intended to form a more flexible response to ...

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Japan’s manufacturing sector sees slowdown

Bloomberg Japan’s manufacturing sector lost steam in July as demand for exports weakened. The Nikkei Japan Purchasing Managers Index for manufacturers for July showed a preliminary reading of 51.6, the lowest since November 2016, and down from 53.0 in June. Output came in at 52.4, down from 53.6, and the index for stocks of finished goods fell. A reading above ...

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Bowing Samsung chief heralds economy shift by S Korea’s Moon

Bloomberg When South Korean President Moon Jae-in was greeted with four deep bows from de facto Samsung Group chief Lee Jae-yong earlier this month in India, the footage quickly went viral back home. The overseas encounter between two of South Korea’s most powerful men — their first since Moon’s election on an anti-establishment platform last year — struck a chord. ...

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