By Brenda Goh SHANGHAI (Reuters) -U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China’s cyberspace regulator, which last month said the…
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise forecast after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Helen Qiao said they now expect China’s economy to expand 5.7%…
(Reuters) – BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise forecast after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Helen Qiao said they now expect China’s economy to expand 5.7% this year, compared with an…
A look at the day ahead in European and global markets from Vidya Ranganathan It’s not just the heatwave. UK consumers are paying through their noses for fish and chips too, and Friday brings the next quarterly survey of their views on inflation and rates. Back in March, consumers surveyed didn’t seem so confident the…
By Georgina Lee HONG KONG (Reuters) – Hong Kong interbank rates rose across all tenors on Friday, with the overnight interbank offered rate rising the most, climbing to the highest in four weeks. The overnight Hong Kong interbank offered rate (Hibor) jumped 63.5 basis points (bps) to 4.88%. One-week Hibor rose 62 bps to 4.92%,…
MEXICO CITY (Reuters) -Mexico and the European Union agreed to quickly finalize an updated free trade deal, Mexican President Andres Manuel Lopez Obrador said Thursday in a post on social media after meeting with European Commission President Ursula von der Leyen. Both sides aim to sign a deal by the end of the year, according…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares rose to a four-month high on Friday as U.S. economic data stoked expectations that the Federal Reserve is near the end of its rate-hike campaign, while the yen fell after the Bank of Japan maintained its ultra-easy monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan…
SEOUL (Reuters) – A U.S. nuclear-powered submarine has arrived at a port in the South Korean city of Busan, the South Korean military said on Friday. It is the first time in nearly six years that a submarine classified as “SSGN” by the U.S. Navy, or a cruise-missile submarine, has stopped off in South Korea….
(Reuters) – A judge in Argentina sent arrest warrants to Interpol for four Lebanese men suspected of involvement in the 1994 truck bomb attack on a Jewish community centre in Buenos Aires that killed 85 people, local and international media reported on Thursday. Federal Judge Daniel Rafecas issued the warrants for the four suspects, three…
By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) – South Korea has recovered from the sea part of a rocket used in North Korea’s failed attempt to launch its first military satellite last month, the Joint Chiefs of Staff said on Friday. The announcement came about two weeks after North Korea unsuccessfully tried to launch…
