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  • They may also be incorrect, with China's current account surpluses understated as a result. This would mean that China's current account surpluses over the past few years are actually larger than reported, and possibly as big as before the financial crisis. China's capital controls make it difficult for wealthier Chinese to invest abroad.

  • PARIS, June 28- France's hardline CGT labour union looked isolated in its call for a September strike over President Emmanuel Macron's plans to ease labour regulations, as two other leading unions sounded a more conciliatory note on talks with the government. The CFDT, France's largest private-sector union, on Wednesday said it did not share the...

  • PARIS, June 28- France's hardline CGT labor union looked isolated in its call for a September strike over President Emmanuel Macron's plans to ease labor regulations, as two other leading unions sounded a more conciliatory note on talks with the government. The CFDT, France's largest private-sector union, on Wednesday said it did not share the...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...

  • DHAKA, June 28- Unipec and Vitol have won a tender to supply oil products to Bangladesh, two government sources with direct knowledge of the matter said on Wednesday. Unipec- trading arm of Chinese state oil major Sinopec- offered to sell gasoil to Bangladesh at a premium of $2.27 to $2.47 a barrel to Middle East quotes, versus other offers at $2.47 to $4.65.

  • MUMBAI, June 28- Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday. The port has been trying to clear containers manually, but operational capacity has dropped to a third at the terminal, Anil Diggikar, chairman of Jawaharlal...

  • BEACHWOOD, Ohio _ Omnova Solutions Inc. on Wednesday reported a fiscal second-quarter loss of $6.3 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. This story was generated by Automated Insights using data from Zacks...

  • *Next round of talks with EU nations due July 10. BRUSSELS, June 28- European Union nations and the European Parliament remain divided on how to reform the EU carbon market and whether it should mention aviation and shipping, EU sources said on Wednesday. In talks this week- the first held with British deputy Julie Girling, who took over as parliament's lead...

  • GANZHOU, China— Chinese authorities have released on bail three activists who had been detained after investigating labor conditions at a factory that produced shoes for Ivanka Trump and other brands. The activists were working with China Labor Watch, a New York- based group, and were investigating Huajian Group factories in the southern Chinese cities of...

  • TOKYO— A Japanese airline has apologized for making a wheelchair user hoist himself up the stairs from the tarmac to board his flight. Hideto Kijima faced the problem this month while returning to Osaka from the southern island of Amami with his friends. Vanilla Air, the budget affiliate of All Nippon Airways, told him the tiny airport requires use of stairs and...

  • BRUSSELS— The European Union has officially extended economic sanctions against Russia by six months for destabilizing Ukraine. EU leaders endorsed the move last week, agreeing that Russia had not done enough to respect the peace agreement aimed at ending the conflict in eastern Ukraine. The EU first slapped sanctions on Russia three years ago after it...

  • The sanctions were imposed in July 2014 following Russia's annexation of Ukraine's Black Sea peninsula and Moscow's direct support for separatists in eastern Ukraine. EU leaders agreed to the extension at their summit in Brussels last week, after France and Germany cited no progress in efforts to negotiate an end to the conflict in eastern Ukraine that has...

  • President Donald Trump is taking issue with a New York Times story that portrays him as disengaged in the push for the Senate Republican health care bill. The Times, in its Wednesday editions, said Trump was less involved in the press for the Senate bill than with the earlier House bill— making fewer phone calls to senators, for instance. The newspaper said an...

  • Selling and other expenses fell 10.2 percent to $2.80 billion in the fourth quarter, with advertising and media expenses dropping 17 percent. Net income attributable to the company rose to $408.9 million, or 69 cents per share, in the three months ended May 28, from $379.6 million, or 62 cents per share, a year earlier. Analysts on average had expected earnings of 71...

  • *A delay in the Republican healthcare bill also weighed after a planned vote on a bill to dismantle the Affordable Care Act was put off to after the Senate's July 4 recess. *The healthcare legislation, which has encountered resistance from several Republicans, is the first plank of President Donald Trump's domestic policy agenda, with investors eager for him to...

  • *India launches Goods and Services Tax on July 1. MEERUT, India, June 28- Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust. Jain is one of millions of small business owners who face wrenching change from India's biggest tax...

  • *Riyal increasingly volatile since sanctions imposed. DUBAI/ ABU DHABI, June 28- Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the...

  • PARIS, June 28- A global cyber attack has hit the property arm of France's biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading. BNP Paribas Real Estate provides advisory, property and investment management and development services mostly in...

  • June 28- Online meal-kit company Blue Apron Holdings slashed the expected pricing range for its initial public offering amid growing concerns about the potential impact from Amazon.com' s deal to buy Whole Foods. Blue Apron said on Wednesday it expects its initial public offering to be priced between $10 and $11 per share, down from its previous expectation of...

  • AMSTERDAM, June 28- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it would appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. "We need to know the rules of the game," NAM director Gerald Schotman told reporters. " NAM's appeal will be heard starting July 13 at the...