Mercedes Benz cuts guidance on slump in China’s economy
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MarketWatch - Business
Oil on track for weekly gains after Fed rate cut, rising Middle East tensions
Oil futures were on track for solid weekly gains, boosted by the Federal Reserve’s large rate cut and a renewed rise in tensions in the Middle East.35 minutes ago - Federal Reserve -
The New York Times - Business
China To ‘Gradually’ Resume Imports of Japanese Seafood
China imposed a ban last year after Japan began releasing treated water from the Fukushima nuclear plant into the sea. They have agreed to expand monitoring of the water.37 minutes ago - China -
ABC News - World
EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations57 minutes ago - Ukraine -
Financial Times - World
Abrdn to drop China from emerging markets fund
Manager says move is designed to give investors more choice as Chinese market lags behind rivals1 hour ago - China -
BBC News - Top stories
'Painful' Budget warning spooks people's confidence
Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.1 hour ago -
NBC News - Top stories
Apple and Huawei battle for sales as their new phones launch on the same day in China
Many of Apple’s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched ...2 hours ago - China -
CNBC - Business
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.2 hours ago -
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Financial Times - World
US and Taiwan seek to strengthen drone supply chain to keep out China
Co-operation would be part of wider western ‘de-risking’ because of security fears over Chinese products2 hours ago - China -
NBC News - Top stories
China and Japan end dispute over Fukushima water discharge
China and Japan reached a consensus in August on the discharge of radioactive water from the Fukushima nuclear plant, the Chinese foreign ministry said Friday.2 hours ago - China -
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Financial Times - Business
Fatal stabbing of 10-year-old rattles Japanese community in China
Spate of attacks reignites concern among expatriates and companies about anti-Japanese sentiment3 hours ago - China -
MarketWatch - Business
Treasury yields just shy of two-week highs amid optimism on the U.S. economy
Bond yields inched lower early Friday as as Wednesday’s jumbo rate cut by the Federal Reserve continued to be absorbed3 hours ago -
Financial Times - Business
Mercedes-Benz shares fall after profit warning
German carmaker lowers full-year outlook on weakness in Chinese demand3 hours ago -
Financial Times - Business
Why half of voters think Labour has done a poor job so far
Dodgy donations, infrastructure challenges and anticipation of October’s ‘painful’ Budget weigh on party’s approval ratings3 hours ago -
MarketWatch - Business
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July4 hours ago - China -
CNBC - Business
Japan's Nikkei leads gains in Asia Pacific after Wall Street soars; BOJ and PBOC hold rates
Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People's Bank of China.4 hours ago - Japan -
CNBC - Business
China unexpectedly leaves benchmark lending rates unchanged after Fed’s jumbo cut
The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.6 hours ago - China -
Financial Times - World
Canada opens new critical minerals hub in push to end China’s dominance
Saskatchewan facility marks small step in drive to challenge Beijing’s control of processing rare earths8 hours ago - China -
Financial Times - World
Coffee producers fear being cut off from EU by new land protection law
Drinks company JDE Peets pleads for year’s delay on ban on supplies from deforested areas over lack of guidelines8 hours ago - European Union -
The New York Times - Business
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.15 hours ago