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TOKYO (Reuters) - Japan’s machinery orders slipped in July, albeit at a slower-than-expected pace, as slowing global demand and protracted trade tensions hit corporate investment in the world’s third-largest economy. Cabinet Office data on Thursday showed core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, fell 6.6% in...
MEXICO CITY (Reuters) - A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about 3.6 billion pesos ($185 million) a year, a senior lawmaker in Mexico’s ruling party said on Tuesday. The finance ministry said Monday it is in talks to levy the charge on foreign online businesses, and the National...
TOKYO (Reuters) - As the fallout from the U.S.-China trade war broadens, Bank of Japan policymakers are more open to discussing the possibility of expanding stimulus at their board meeting on Sept 18-19, sources familiar with their thinking say. Increasing signs of a slowdown in global demand have made Japanese central bankers less confident about an early pickup in global...
GENEVA (Reuters) - Pakistan’s foreign minister told the United Nations human rights forum on Tuesday that India’s military presence in the disputed Muslim-majority territory of Kashmir raised the spectre of genocide. India, which stripped Kashmir of its autonomy on Aug. 5, in response accused Pakistan of “offensive rhetoric..of false allegations and concocted charges” against it. India and Pakistan both rule parts...
SAO PAULO (Reuters) - Amazon.com Inc said it will launch its Prime subscription service in Brazil on Tuesday as it seeks to broaden its footprint in Latin America’s largest economy, where it has struggled against tough local competition. In a bid to dislodge established local e-commerce rivals including Magazine Luiza and Mercado Livre, Amazon is offering Prime subscribers unlimited nationwide...
NEW YORK (Reuters) - Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant’s closure and before the company filed for bankruptcy a few weeks later, court documents show. PES announced plans to permanently shut its refinery following the June 21 explosive blaze and immediately...
HONG KONG (Reuters) - An escalation of violence cannot solve social issues in Hong Kong, the leader of the Chinese-ruled city, Carrie Lam, said on Tuesday, adding that she deeply regretted interference by foreign parliaments in the Asian financial hub’s matters. Lam was speaking after another weekend of sometimes violent clashes in the former British colony, with police firing tear...
DUBAI (Reuters) - Saudi Aramco is likely to give roles to Citi, Goldman Sachs, HSBC and Samba Financial Bank for its planned initial public offering (IPO), a source familiar with the transaction said on Sunday. The four banks would likely get these roles in addition to Morgan Stanley and JP Morgan Chase & Co. who were chosen to play a...
LONDON (Reuters) - This week’s European Central Bank meeting is shaping up as one of the most anticipated in years as the central bank gears up to boost a frail economy with a series of stimulus measures. A global trade war threatens to push the powerhouse German economy into recession and headwinds from Brexit are becoming stronger. No wonder the...
GIJON (Reuters) - Spain homed in on Euro 2020 by easing past the Faroe Islands 4-0 on Sunday for a sixth straight qualifying win that featured two goals each from Rodrigo and Paco Alcacer and moved them further clear at the top of Group F. Sergio Ramos equalled Iker Casillas’ record of 167 appearances for Spain on an emotional night...

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