BANGKOK (AP) — Shares were lower in Asia after China reported Monday that its economy expanded at a 4.8% annual pace in January-March. Benchmarks fell in Tokyo, Seoul and Shanghai. Hong Kong and Sydney were closed for holidays. Oil prices rose and U.S. futures were lower. Wall Street benchmarks declined last week before closing for…
BEIJING (AP) — China’s economic growth edged up to a still-weak 4.8% over a year earlier in the first three months of 2022 as industrial cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing. Growth in the world’s second-largest economy crept up from the previous quarter’s 4% following a slump…
BEIJING (Reuters) -China’s economy grew at a faster than expected clip in the first quarter, data showed on Monday, expanding 4.8% year-on-year, but the risk of a sharp slowdown over coming months has risen as sweeping COVID-19 curbs and the Ukraine war take a heavy toll. The downturn in activity was evident in March indicators,…
BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Monday, expanding 4.8% year-on-year, but the risk of a sharp slowdown over coming months has risen as sweeping COVID-19 curbs and the Ukraine war take a toll. Gross domestic product (GDP) had been forecast to…
By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas…
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines. President Gotabaya Rajapaksa’s government has come under growing pressure for its…
LONDON (Reuters) – British employers are offering annual pay settlements worth an average increase of 2.8% to staff, well below the rate of inflation, a survey showed on Monday. The Chartered Management Institute said many businesses were wary of offering pay rises when other costs were soaring and some feared that consumer demand would soon…
By Simon Jessop LONDON (Reuters) – Global Citizen, an international non-profit aiming to help end poverty, said on Monday it plans to launch six funds of up to $1 billion each focused on generating environmental and social impact in the developing world. The Global Citizen Impact Funds aim to help plug a large gap in…
DETROIT (AP) — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has…
NEW DELHI (Reuters) – The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said in a statement on Sunday. Without specifying the ratio of the stock split, it said the meeting on May 3 would consider a sub-division…
