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China's September property investment slows, sales fall

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BEIJING (Reuters) – growth in China’s real estate investment eased in September and home sales fell for the first time since April, pointing to growing strains in a major driver of economic activity. FILE PHOTO: A woman points at the model of a residential compound by China Vanke as a sales agent introduces the property Read More

China's third quarter GDP growth slowest since 2009, misses expectations

26 mins ago DieselGasoil Comments Off on China's third quarter GDP growth slowest since 2009, misses expectations
BEIJING (Reuters) – China’s third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind, Read More

Asia shares slide further as weak China growth adds to woes

26 mins ago DieselGasoil Comments Off on Asia shares slide further as weak China growth adds to woes
SHANGHAI (Reuters) – Asian stocks slipped further on Friday as China posted its weakest economic growth since the global financial crisis, adding to market concerns about trade disputes, rising U.S. interest rates and Italy’s free-spending budget. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September 7, 2018. REUTERS/Jason Lee/File Read More

China January-September property investment up 9.9 percent year-on-year

1 hour ago DieselGasoil Comments Off on China January-September property investment up 9.9 percent year-on-year
BEIJING (Reuters) – Real estate investment in China rose 9.9 percent in the first three quarters of 2018 versus the same period a year earlier, official data showed on Friday. FILE PHOTO: A woman points at the model of a residential compound by China Vanke as a sales agent introduces the property to the visitors Read More

China September industrial output weakens; investment, retail sales beat expectations

1 hour ago DieselGasoil Comments Off on China September industrial output weakens; investment, retail sales beat expectations
BEIJING (Reuters) – China’s industrial output grew 5.8 percent in September from a year earlier, missing expectations, while fixed-asset investment growth rose to 5.4 percent in the first nine months, above forecasts, data showed on Friday. FILE PHOTO: A worker cuts steel plates inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan August 26, Read More

China shares fall as GDP growth slows; regulators pledge support

1 hour ago DieselGasoil Comments Off on China shares fall as GDP growth slows; regulators pledge support
SHANGHAI (Reuters) – Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind, at Read More

Australia's NAB cuts 300 bankers over wrongdoing

2 hours ago DieselGasoil Comments Off on Australia's NAB cuts 300 bankers over wrongdoing
SYDNEY (Reuters) – About 300 staff of National Australia Bank (NAB.AX) have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector. FILE PHOTO: The National Australia Bank logo is seen on a branch in central Read More

Asia shares extend slump as global sentiment sours

2 hours ago DieselGasoil Comments Off on Asia shares extend slump as global sentiment sours
SHANGHAI (Reuters) – Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy’s 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session. People walk past an electronic board showing Japan’s Nikkei average (top R) Read More

Exclusive: U.S. asks for WTO panel over metals tariff retaliation

3 hours ago DieselGasoil Comments Off on Exclusive: U.S. asks for WTO panel over metals tariff retaliation
WASHINGTON/OSLO (Reuters) – The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter. A overhead crane places a steel slab for storage at the Novolipetsk Steel PAO steel Read More

Tesla launches new $45,000 Model 3

3 hours ago DieselGasoil Comments Off on Tesla launches new $45,000 Model 3
(Reuters) – Tesla Inc (TSLA.O) on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, Read More