By Rae Wee SINGAPORE (Reuters) – The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors remained cautious ahead of key U.S. inflation data due later in the day just as the Federal Reserve kicks off its two-day monetary policy meeting. In Asia, China’s yuan fell to a six-month low…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration has taken diplomatic steps that have slowed down a Chinese effort to project military power around the world, Secretary of State Antony Blinken said on Monday ahead of a visit to Beijing later this week. Washington’s top diplomat was asked at a press…
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on Tuesday. The decision will be revisited after debt talks are finalised in September, added Gunawardena, who is also the transport minister…
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a…
By David Shepardson (Reuters) -The Federal Trade Commission asked a court to temporarily block Microsoft Corp’s acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government’s case against the $69 billion deal is heard. The FTC said Microsoft and Activision had signaled the deal could close as soon as…
