By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economy expanded at the fastest pace in a year in the second quarter as eased COVID-19 restrictions boosted activity and tourism, reinforcing views that more rate hikes will be needed to curb inflationary pressures. Southeast Asia’s second-largest economy is making a steady recovery after the lifting…
SLOVIANSK, Ukraine (AP) — Anastasiia Aleksandrova doesn’t even look up from her phone when the thunder of nearby artillery booms through the modest home the 12-year-old shares with her grandparents on the outskirts of Sloviansk in eastern Ukraine. With no one her age left in her neighborhood and classes only online since Russia’s invasion, video…
By Kevin Buckland TOKYO (Reuters) – The Australian and New Zealand dollars retreated from near two-month highs on Monday after a new batch of dissappointing data from China, a key trading partner, while the yuan weakened following a surprise rate cut. The greenback edged higher as traders continued to hawkish comments by Federal Reserve policymakers’…
BEIJING (AP) — China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying to extend his hold on power. The decision suggested Beijing is temporarily setting aside worries over high debt to act to head off a slump before…
TOKYO (AP) — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained in morning trading. Falling oil prices are one positive factor…
