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China is cutting off cash to Venezuela


After pouring billions into Venezuela over the last decade, China is cutting off new loans to the Latin American nation. It’s a major reversal of relations between the two nations, experts say. It also comes at the worst time for Venezuela, which is spiraling into an economic and humanitarian crisis. “China is not especially interested in loaning more money to ...

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Small Japan firms dying out as aging owners struggle to find successors

Takayasu Watanabe holds a box of chalks at his office where he used to run chalk-making business for decades before closing down last year, during an interview with Reuters in Nagoya, Japan, August 9, 2016. REUTERS/Tetsushi Kajimoto

Japan’s small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world’s third-largest economy. Prime Minister Shinzo Abe has targeted more business start-ups as a crucial part of regenerating activity, but the impact has been minimal so far, ...

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Asia stocks slide as Deutsche sours mood, oil pulls back

A man looks at an electronic board showing the Japanese yen's exchange rate against Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato

t index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 1 percent and was on track for a 0.9 percent drop for the week. But it is poised for a 1.7 percent gain in September, and a 9 percent jump in the third quarter. On Thursday, Wall Street lost about 1 percent as Deutsche Bank shares slumped to a record low ...

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End of an era: BlackBerry will stop making its own phones


It’s the end of an era for BlackBerry. The company, famous for making cellphones with physical keyboards that were once so popular people nicknamed them Crackberries, has decided to stop making its own devices. BlackBerry said on Wednesday that it will rely on partners to manufacture the phones, which will still have BlackBerry’s look and feel. The company announced a ...

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Asia stocks wary, dollar slips before Fed Chair Yellen’s speech

A man looks at an electronic board showing the Japanese yen's exchange rate against Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato

Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. European markets are also heading for a flat start, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 .FTSE and Germany’s DAX .GDAXI to open little changed, and France’s ...

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Asia stocks hold gains before Yellen speech, dollar firm

A man is reflected on a stock quotation board outside a brokerage in Tokyo, Japan July 11, 2016. REUTERS/Issei Kato/File Photo

Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers’ meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged 0.3 percent higher. It is down 1.6 percent after hitting a one-year high ...

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Asian stocks drop from one-year high, dollar rises on Fed rate comments

People are reflected in a screen displaying the Nikkei average outside a brokerage in Tokyo, Japan April 19, 2016.    REUTERS/Thomas Peter

Asian shares pulled back from a one-year high and the dollar strengthened on Wednesday, after an influential Federal Reserve official said interest rates could rise as soon as September. European markets are poised for slight gains, with financial spreadbetter CMC Markets predicting Britain’s FTSE 100 .FTSE and France’s CAC 40 .FCHI will open up about 0.1 percent higher, and Germany’s ...

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Asia:Investors cool on Hong Kong stock market link with ‘Wild West’ Shenzhen

A banner promoting Shenzhen-Hong Kong Stock Connect is displayed at the Hong Kong Exchanges in Hong Kong August 16, 2016. REUTERS/Bobby Yip

A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China’s fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buyers at bay, money managers said on Wednesday. China’s cabinet approved the long-awaited scheme on Tuesday, marking one of the country’s biggest capital ...

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Japan’s economic growth weaker than forecast


Japan’s economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government. Gross domestic product grew at an annualised rate of 0.2% in the three months to June, below market forecasts for 0.7% and a marked slowdown from the 2% rate in the first quarter. The figures come after the government launched a ...

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