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ECB’s Knot says low rate policy risks becoming counterproductive
AMSTERDAM (Reuters) – Interest rates in the euro zone could remain historically low for years, but the European Central Bank’s (ECB) ultra-loose monetary policy risks becoming counterproductive, ECB governing council member Klaas Knot said in an interview published on Monday. “I do not have a crystal ball, but I cannot rule out that the current […]
U.S., Japan, EU to meet on China ahead of Wednesday trade deal signing: USTR
By Andrea Shalal WASHINGTON (Reuters) – Top trade officials from the United States, Japan and the European Union will huddle in Washington on Tuesday to address non-market-oriented trade policies and subsidies by China, a day before Washington and Beijing finalize a preliminary trade deal. U.S. Trade Representative Robert Lighthizer met Monday with his Japanese counterpart, […]
SoftBank profit wiped out by Vision Fund losses, second fund scaled back
By Sam Nussey TOKYO (Reuters) – Quarterly profit at SoftBank Group Corp <9983.T> was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son’s big bets on untested start-ups. While […]