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…
SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary hurdle on Wednesday as it was passed in the House of Representatives. Australians will be asked to vote in a referendum, likely to be held between October and December, on whether they support altering the…
TOKYO (Reuters) -Japan’s factory output unexpectedly fell in April, government data showed on Wednesday, as production machinery orders slowed amid weakening global demand, casting doubts about recovery in the world’s third-largest economy. Japan has so far been spared the impact of deteriorating global economic conditions thanks in part to a recovery in services sector activity…
By Stella Qiu SYDNEY (Reuters) – Australian consumer prices rose by more than expected in April on a jump in fuel prices and strong gains in housing, suggesting sticky inflation will likely keep pressure on the central bank. The consumer price index (CPI) rose 6.8% in April from a year earlier, Australian Bureau of Statistics…
SEOUL (Reuters) -South Korea’s factory production and retail sales fell in April, underscoring another tough quarter after the economy narrowly averted a recession in the first three months of the year. Factory production in April fell 1.2% from March, on a seasonally adjusted basis, official data showed on Wednesday, slightly softer than a 1.6% loss…
By Brendan O’Brien (Reuters) -Two people still counted as missing after the partial collapse of an Iowa apartment building on the weekend were likely inside at the time, officials said on Tuesday, but the structure was too unstable to resume a search for them. Officials suspended a search out of concern for the safety of…
By Martin Quin Pollard BEIJING (Reuters) – Tesla Inc CEO Elon Musk kicked off his second day in China with a visit to the country’s commerce ministry on Wednesday morning. A day earlier, he met with Chinese Foreign Minister Qin Gang. He also had dinner with Zeng Yuqun, chairman of CATL, the Chinese battery giant…
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) -When the pandemic forced Nvidia Corp to hold a major product launch virtually, CEO Jensen Huang beamed video to promote the event from his kitchen, where he pulled the company’s latest chip out of his oven. “I’ve got something I’ve gotta show you,” Huang says while…
