By Joice Alves LONDON (Reuters) – The safe-haven U.S. dollar rose on Monday after a new batch of disappointing Chinese data bolstered global recession worries, while the yuan weakened following a surprise key rate cut by the People’s Bank of China. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates…
BANGKOK (AP) — Recent executions of four democracy activists in Myanmar have reenergized efforts to get the United States and other countries to impose further sanctions against military leaders who ousted an elected government early last year. Human rights advocates and comments by U.S. lawmakers suggest the Senate is inching toward passage of the Burma…
(Reuters) – European shares inched higher on Monday, boosted by fresh gains for healthcare stocks, while signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and consumer staples typically seen as immune to the economic cycles. The pan-European STOXX 600 index rose 0.3% by 0720 GMT after hitting two-month highs…
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…
BEIJING (Reuters) -China’s economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing’s zero-COVID policy and a property crisis, while the central bank surprised markets with key lending rates cuts to revive demand. Industrial output grew 3.8% in July from a year earlier, after expanding 3.9% in June,…
TOKYO (AP) — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. After keeping its borders closed to most travelers throughout the pandemic, Japan has slowly begun reopening to tourism, as meanwhile business has returned more…
