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IKEA to recall 1.7 million chests, dressers in China: watchdog

July 12, 2016 by · Leave a Comment 

Swedish furniture company IKEA Group [IKEA.UL] said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday. The recall covers MALM chests or dressers manufactured from 1999 to 2016, China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement posted on …

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IKEA to recall 1.7 million chests, dressers in China: watchdog

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

July 12, 2016 by · Leave a Comment 

Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the…

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ