Chinese industrial production and retail sales growth slowed last month, though a pickup in investment may indicate that stimulus is beginning to reach the real economy.
U.S. stock index futures dropped for a second day as a lack of improvement in trade relations between the U.S. and China gave investors little reason to buy after equities languished in New York Thursday.
Taiwan’s banks, voracious lenders to Chinese companies in recent years, are starting to cool their appetite as they contemplate the longer-term consequences of the U.S.-China trade war.
Turiya Advisors Asia Ltd., the Hong Kong-based hedge fund firm led by former Goldman Sachs Group Inc. trader Davide Erro, is the latest to be hit by industry woes, cutting jobs after losing investors’ money.
The luxury yacht once owned by fugitive financier Low Taek Jho is being put on sale for a minimum price of $130 million, a discount to the $250 million that Low allegedly paid for it in 2014.
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