Profits at China's industrial firms shrank at a slower pace in May following a big slump in April, due to the resumption of activity in major manufacturing hubs, but COVID-19 curbs still weighed on factory production and squeezed factory margins.
China's central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations.
Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country's banking regulator's approval to begin operations.
Rogers Communications Inc, Shaw Communications Inc and Canada's competition bureau have agreed to start a mediation process to overcome the agency's antitrust issues posed by Rogers' C$20 billion ($15.5 billion) acquisition of Shaw, the competition tribunal said on Friday.
PARIS (Reuters) -Production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, two sources close to Stellantis said on Friday.
(Corrects to say Canada's competition bureau would also join mediation process in headline, first paragraph)
The Bank of Japan must closely watch the impact currency moves could have on the economy, its deputy governor Masayoshi Amamiya said on Friday, reiterating a warning over the damage the currency's fall to 24-year lows may have on a fragile recovery.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
