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Bloomberg As the world sinks into an era of ever-lower interest rates and a chasm of negative-yielding bonds, Japan’s experience offers investors an invaluable precedent. It’s two decades since the nation pioneered zero rates and more than six years into central bank chief Haruhiko Kuroda’s record stimulus. The money managers who’ve witnessed it all provide unique insights into strategies to ...

Bloomberg President Donald Trump attacked the Federal Reserve in a tweet on Monday, saying the US central bank “probably will do very little” to counteract actions by Europe and China to ease monetary policy. Fed officials are widely expected to lower interest rates by a quarter-percentage point when they meet on Tuesday and on Wednesday in Washington. Trump has been ...

Bloomberg JPMorgan Chase & Co is hoping to a grab a larger slice of Germany’s private-banking market as wealthy individuals increasingly turn to international companies for advice. Traditionally, rich Germans have often maintained loyal relationships with one local lender and one from Switzerland, according to HakanStraengh, who runs JPMorgan’s private-banking business in Germany from Frankfurt. However, the company is seeing ...

Bloomberg Each year, banks reap billions of dollars from overdraft and other fees. A new analysis of more than 500,000 US users on investing app Stash found women pay a disproportionate amount of those penalties. Male Stash users, the survey found, pay $182 per year in fees, while women pay $214, or 18 percent more. That includes late fees as ...

Bloomberg JPMorgan Chase & Co and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion). Barclays Plc, Citigroup Inc and Royal Bank of Scotland Group Plc are the other three targets of the UK suit that will say pension funds, asset managers, hedge ...

Bloomberg SoftBank Group Corp will invest $2 billion in Indonesia through ride-hailing giant Grab over the next five years and plans to explore investment opportunities in the country’s electric battery and renewable energy sectors. The Japanese conglomerate, which announced plans last week to raise a total of $108 billion for its second Vision Fund, will also increase its investment in ...

Bloomberg With no let-up apparent in global and regional trade tensions, Singapore’s business community has slashed its expectations for the near-term economic outlook. “Because we are hugely export-dependent, because of the slowing down in the economy, because of tension, because of loss of business confidence — we need to adjust” growth expectations, Ho Meng Kit, CEO of the Singapore Business ...

Bloomberg India’s growing affluence is seeing its population turn more carnivorous, leading the country with the world’s highest number of vegetarians to import more corn for chicken feed than ever before. Corn purchases by Asia’s second-biggest grower are set to climb to a record 1 million tons in the year starting in November, said Jaison John, general manager for procurement ...

Bloomberg China Evergrande Group may be a long way from challenging Tesla Inc, but it’s at least thinking about how customers can charge their electric cars more cheaply. The property developer has established a joint venture with State Grid Corp of China to co-develop smart car-charging technology, according to a statement on Evergrande’s website. In China, electric-vehicle owners pay about ...

Bloomberg Japan’s unusually long and cool rainy season dampened demand for apparel, furniture and other goods, with some retailers already reporting steep drops in merchandise sales. Shimamura Co, a chain of affordable clothing shops, reported that same-store sales through July 20 fell 18 percent from a year earlier. Many of Shimamura’s customers reach the company’s 1,433 locations in Japan via ...