Japan second-quarter GDP seen revised down as external risks hit capex: Reuters poll

Japan’s gross domestic product likely grew at a slower rate than initially estimated in further signs the Sino-U.S. trade war is hurting manufacturing investment in the world’s third largest economy. A Reuters poll of 18 analysts predict Japan’s GDP grew at an annualized 1.3% in April-June, slower than the preliminary reading of 1.8%, reflecting slowdown […]

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Exclusive: Petrobras unit head removed amid bribery allegations

The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras (PETR4.SA) has been removed, the company told on Thursday, after a middleman in a graft scheme implicated him in plea bargain testimony. Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil, said […]

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Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls – sources

U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. The congressional inquiry found instances where Deutsche Bank staff in the United States […]

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Trade uncertainty to trim $850 billion global output: Fed paper

Trade policy uncertainty driven by the Trump administration’s escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests. The Fed researchers analyzed newspaper articles and corporate earnings calls to estimate […]

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