Monthly Archives: July 2019

China will boost economy but won’t use property market for stimulu

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China will step up efforts to boost demand and support the economy, but will not use the property market as a form of short-term stimulus, a top decision-making body of the ruling Communist Party said on Tuesday. With China’s economic growth slowing to near 30-year lows, investors are waiting to see how much more stimulus Beijing
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Italy’s Ferragamo confirms sales recovery with second-quarter figures

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Sales at Italy’s luxury group Salvatore Ferragamo (SFER.MI) rose for the second quarter in a row in the three months to June, driven mainly by consumers in China, confirming a recovery trend in the first part of the year. Closely watched like-for-like sales rose 2.6% in the second quarter, accelerating from a 2.2% rise recorded in
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Takeaway.com lands $10 billion Just Eat deal in food delivery race

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Amsterdam-based Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an 8.2 billion pound ($10.1 billion) deal to create the world’s largest online food delivery firm outside China in a race to rule the $100 billion market. A combined Takeaway and Just Eat would rival Uber Eats (UBER.N) and would have leadership positions in many
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Beijing reiterates support for Hong Kong’s Lam, police

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Hong Kong’s leader, Carrie Lam, and its police, and called on Hong Kong people to oppose violence following another weekend of clashes between protesters and police in the city. Hong Kong bore the scars on Monday of its eighth straight weekend of violent protests, with hard hats, umbrellas and water bottles littering some central streets. Huge crowds
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