By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau…
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank will do whatever it takes to bring inflation under control, its governor said on Wednesday, warning households to brace for the pain ahead while risks of higher inflation persisted. Data released on Wednesday showed consumer prices rising by much more than expected in April, prompting markets to…
(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant…
(Reuters) -FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in favor of a strike earlier this month seeking higher pay, the package delivery company said in a statement on Tuesday. The Air Line Pilots Association (ALPA) had voted “overwhelmingly” in favor of a strike if needed,…
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia until a scandal over the firm’s misuse of confidential government tax plans is sorted out, the central bank’s governor said on Wednesday. The “big four” firm is on the defense after a former Australian tax…
(Reuters) – Washington is encouraging Kyiv by publicly ignoring the drone attack that struck several districts of Moscow on Tuesday, Russia’s envoy to the United States said on Wednesday, after President Vladimir Putin blamed Ukraine for the strikes. The White House said it did not support attacks inside of Russia and that it was still…
By Leika Kihara TOKYO (Reuters) – Global central banks may already be facing a new economic environment where inflation and interest rates will no longer revert to the low levels of the past, Bank of Japan (BOJ) Governor Kazuo Ueda said on Wednesday. While supply factors have been blamed for the current increase in global…
WASHINGTON (Reuters) – A Chinese fighter jet carried out an “unnecessarily aggressive” maneuver near a U.S. military plane over the South China Sea in international airspace, the United States said on Tuesday. The U.S. military command responsible for the Indo-Pacific said the maneuver by a Chinese J-16 aircraft occurred last week and forced the U.S….
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world’s second biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% in…
