Bloomberg Japanese trade returned to surplus in June, with both imports and exports continuing the strong growth they have had all year. Exports rose 9.7% from a year earlier (estimate 9.5%). Imports increased 15.5% (estimate 14.4% ). The trade surplus was 439.9 billion yen (estimate +488 billion yen). The nation’s modest economic recovery reflected in the trade data and the …

Bloomberg Software giant SAP SE raised its annual revenue outlook and said it would buy back up to a half billion dollars in stock after reporting a better-than-expected jump in sales, lifted by a revamped version of its flagship software. The German maker of applications that run businesses’ finances, manufacturing and personnel is projecting sales of 23.3 billion euros ($26.8 …

Bloomberg The European Commission and the German cartel office have received information about possible collusion among German automakers and are studying the matter, according to a statement. ‘It is premature at this stage to speculate further,” according to the statement from the commission’s executive arm. “The commission and national competition authorities cooperate closely with each other on such issues in …