A sales tax refund counter of a shop in Osaka, Japan. Reuters
Japan’s industrial output rebounded more than expected in July, but retail sales declined sharply and production was set to contract again next month, signalling a bumpy road for an economy facing growing global strains.
Japan’s retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending, raising a red flag over the strength of domestic demand.
Japanese households cut their spending for the first time in almost a year in October as a sales tax hike prompted consumers to rein in expenses and natural disasters disrupted business.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Investor nerves over the spread of a deadly new virus from China hammered equities and oil benchmarks on Thursday, as authorities moved to contain the disease,
The second edition of the Global Investment in Aviation Summit (GIAS 2020), which is due to take place on January 27-29 at Madinat Jumeirah, will see the participation of high-profile delegations and 10 ministers
Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs2,751.66 crore.