World News

China to boost loan support to manufacturers, small bank reforms: regulator

BEIJING (Reuters) – China will offer extra financial support to manufacturers next year, the banking and insurance regulator said on Friday, after a run of bond defaults by private firms in the sector. The Banking and Insurance Regulatory Commission (CBIRC) has encouraged banks not to pull loans to firms facing temporarily liquidity issues, notably in […]

World News

J&J to buy remaining stake in Verb Surgical to strengthen digital surgery portfolio

(Reuters) – Johnson & Johnson said on Friday it would acquire the remaining stake in Verb Surgical Inc, from Verily, Alphabet Inc’s life sciences division. Bolstering its Ethicon unit, which makes surgical equipment, J&J in 2015 formed an independent company called Verb Surgical with Verily to create smaller, smarter and less costly robotic-assisted systems for […]

World News

German economy likely to contract in fourth quarter, DIW says

BERLIN (Reuters) – The German economy probably shrank in the fourth quarter as export-oriented manufacturing continued to decline, the DIW economic institute said on Friday. DIW said Europe’s largest economy probably contracted by 0.1% in the October-December period. “We could at most hope for stagnation,” said DIW economist Claus Michelsen. DIW’s forecast contrasted with a […]

World News

Exclusive: Huawei and Deutsche Telekom held advanced talks over 5G network deal – sources

By Douglas Busvine BERLIN (Reuters) – Deutsche Telekom was in advanced talks to retain China’s Huawei as its main supplier of radio equipment for new mobile networks before it put the negotiations on hold for political reasons, according to three sources familiar with the matter. The United States has urged its allies to freeze out […]

World News

German consumer morale darkens heading into January: GfK

BERLIN (Reuters) – The mood among German consumers deteriorated unexpectedly heading into January, a survey showed on Friday, suggesting that household spending in Europe’s largest economy could weaken at the beginning of next year. The consumer sentiment indicator, published by the Nuremberg-based GfK institute and based on a survey of around 2,000 Germans, edged down […]

World News

Brexit clarity helped Germany avert recession: German economy minister

BERLIN (Reuters) – Increased clarity about Britain’s planned departure from the European Union has helped Germany avert the danger of a recession, Economy Minister Peter Altmaier said in remarks published on Friday. Altmaier also said he expects trade tensions between the United States and the European Union to ease. Donald Trump and the European Commission […]