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China office developers offer sweeteners, lower rents to lure tenants

By Clare Jim HONG KONG (Reuters) -Chinese commercial property developers are seeking to lure tenants with value-added services such as subsidies for charging electric vehicles in addition to lower rents, as they battle record-high vacancy rates across the country. Empty offices are increasingly common even in ...
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Morning Bid: From one political kerfuffle to another

A look at the day ahead in European and global markets from Ankur Banerjee: Investors will get more political drama as France is all but certain to start looking for its fifth prime minister in three years, plunging the euro zone’s second-biggest economy into turmoil. Francois ...
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Chevron to go ‘investment heavy’ in South Korea on refining, petrochemicals

(Reuters) -Chevron expects to go “investment heavy” in South Korea on refining and petrochemicals, an executive with the U.S. oil major said at the Asia Pacific Petroleum Conference on Monday. “So there’ll be places like Korea where we go investment heavy in petrochemicals and in ...
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China’s August exports growth slowest in 6 months, missing forecasts

BEIJING (Reuters) -China’s export growth slowed in August, weighed down by weaker shipments to the U.S. as a temporary boost from Beijing’s tariff truce with its top consumer market fades, keeping alive calls for further fiscal stimulus in the fourth quarter. Outbound shipments from China ...
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StanChart revises Fed cut expectations to 50 bps in Sept after weak US jobs data

(Reuters) -Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its September 17 meeting, after August jobs growth came in far below expectations and unemployment rose to 4.3%, it said in a note on Friday. The brokerage had ...
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China’s export growth slows in August amid trade tensions with US

BEIJING (AP) — China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached $321.8 billion in August, a 4.4% increase compared to the same month last year. That was down from a 7.2% ...
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Are we done already? Five questions for markets ahead of ECB

By Yoruk Bahceli and Stefano Rebaudo LONDON/MILAN (Reuters) -The European Central Bank is set to hold interest rates steady for a second straight meeting on Thursday, with investors watching for any hints that the bank is done with cutting them. A hawkish tone from ECB chief ...
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Hyundai Motor advises employees to delay US business trips, newspaper says

SEOUL (Reuters) -Hyundai Motor has advised staff who were about to go on business trips next week to the U.S. to delay them unless considered indispensable, a South Korean newspaper reported on Monday. The reports comes after hundreds of South Korean workers were detained ...
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Stocks gain on rate cut optimism, yen dives after Ishiba resigns

By Ankur Banerjee SINGAPORE (Reuters) -Stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for rate cuts this month, while the yen fell as investors girded for uncertainty in Japan following the resignation of Prime Minister Shigeru Ishiba. Gold ...
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Woolworths, Coles flags extra costs after staff underpayments ruling

(Reuters) – Australia’s top supermarket chains Woolworths and Coles said on Monday they could incur millions in additional remediation costs following the federal court’s decision on historical underpayments to staff. Woolworths expects A$180 million ($117.9 million)-A$330 million in post-tax charge and ...
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Europe’s electric car industry urges EU not to delay CO2 emission targets

(Reuters) -Over 150 bosses from Europe’s electric car industry signed a letter on Monday urging the European Union to stick to its 2035 zero emission target for cars and vans. The electric car industry’s signatories, including Volvo Cars and Polestar, warned against any delays to ...
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Yen slides after Japan PM Ishiba resigns

By Rae Wee SINGAPORE (Reuters) -The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak U.S. jobs report that cemented expectations for a Federal Reserve rate cut this ...
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