Taiwan reports Chinese ‘combat patrol’ after Beijing slams US arms deal
By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) -Taiwan’s defence ministry said on Sunday that Chinese warplanes and warships had carried out another “combat patrol” near the island, after Beijing threatened to take countermeasures in response to a $2 billion…
China industrial profits plunge in September, extending slump
BEIJING (Reuters) – China’s industrial profits plunged in September, extending their declines with the year’s steepest monthly fall, official data showed on Sunday, as policymakers ramp up stimulus to revitalise economic growth. Profits fell 27.1% in September from a year…
Washington Post reports Elon Musk briefly worked illegally in US in 1990s
WASHINGTON (Reuters) – The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s while building a startup company. The news outlet reported that Musk…
German finance minister will soon announce his proposals to boost growth
By Maria Martinez WASHINGTON (Reuters) – German Finance Minister Christian Lindner said he is working on his own proposals to stimulate growth in Europe’s biggest economy, which will not focus only on industry, but also on other economic sectors. “In…
Argentina risk index breaks below 1,000-point barrier as markets cheer
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s closely-watched country risk index, a reflection of how investors view the country’s debt, broke below a key level of 1,000 basis points on Friday, the lowest in at least four years as…
French finance minister says deficit reduction was top priority before Moody’s warning
By David Lawder WASHINGTON (Reuters) – French Finance Minister Antoine Armand on Friday, following a Moody’s (NYSE:MCO) credit rating warning on his country’s debt, said that France’s top fiscal priority is to reduce its public deficit to a targeted 5%…