BEIJING (Reuters) – Property investment in China fell at a faster pace in January-May, dropping 7.2% from the same period a year earlier, official data showed on Thursday, adding to concerns about the outlook for the world’s second-biggest economy. The figure compared with a 6.2% annual decline in January-April. Property sales by floor area declined…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday, in line with expectations, as Beijing ramps up stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank would need to hike interest rates further but creating a new headwind for the government’s re-election hopes. Gross domestic product (GDP) matched analysts’ expectations of a 0.1%…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank would need to hike interest rates further but creating a new headwind for the government’s re-election hopes. Gross domestic product (GDP) matched analysts’ expectations of a 0.1%…
By Costas Pitas LOS ANGELES (Reuters) – Texas Governor Greg Abbott on Wednesday said the first group of migrants bused from his state to Los Angeles had arrived in the California city, the latest move by Republicans opposed to Democratic President Joe Biden’s immigration policies. Los Angeles Mayor Karen Bass, a Democrat, said more than…
By Brad Brooks (Reuters) – The former morgue manager at Harvard Medical School was among five people indicted by a grand jury on Wednesday over allegations they stole and sold body parts from cadavers donated to the school, federal prosecutors said. Cedric Lodge, 55, who was fired from his job on May 6, and the…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets. The bullish trades occur as investors, who started this year…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets. The bullish trades occur as investors, who started this year…
(Reuters) – Former President Donald Trump’s 2024 White House campaign said on Wednesday he had raised $7 million since being indicted on federal charges last week, as his message of political persecution continues to resonate with die-hard supporters. “President Trump Raises Over $6.6 Million and Counting Since Deranged Jack Smith Announced Political Prosecution,” Trump’s campaign…
By Andrew Hay (Reuters) – Prosecutors say they have evidence pointing to the possibility the armorer for the movie “Rust” introduced live rounds onto the set where a gun that actor Alec Baldwin was holding fired a bullet, killing cinematographer Halyna Hutchins in 2021. Prosecutors had previously said it might never be clear how live…
