By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in trade that analysts say could signal a slowdown ahead. Vietnam, a regional manufacturing hub, has been trying to prop up its economy amid slowing global demand,…
By Gram Slattery WASHINGTON (Reuters) – Florida Governor Ron DeSantis would seek to eliminate the Departments of Energy, Commerce and Education, as well as the Internal Revenue Service, if he were elected president, he suggested in a television interview on Wednesday. “We would do Education, we would do Commerce, we’d do Energy, and we would…
A look at the day ahead in European and global markets from Kevin Buckland The world’s biggest central banks all confirmed their policy stances from one venue on Wednesday, in the finale of the ECB’s Sintra forum. Today we see how much the inflation data backs those views up. Germany, Spain and Denmark all report…
By Raphael Satter WASHINGTON (Reuters) -The U.S. Department of Health and Human Services (HHS) was among those affected by a wide-ranging hack centered on a piece of software called MOVEit Transfer, a source at HHS said on Wednesday. “While no HHS systems or networks were compromised, attackers gained access to data by exploiting the vulnerability…
By Upasana Singh (Reuters) – Investors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world’s second-largest economy, weighed on sentiment, a Reuters poll showed on Thursday. Bearish bets on Thailand’s baht and the Malaysian ringgit rose to their highest since early November, while investors raised their short positions…
By Raphael Satter WASHINGTON (Reuters) -The U.S. Department of Health and Human Services (HHS) was among those affected by a wide-ranging hack centered on a piece of software called MOVEit Transfer, a source at HHS said on Wednesday. “While no HHS systems or networks were compromised, attackers gained access to data by exploiting the vulnerability…
By Amy Lv and Dominique Patton BEIJING (Reuters) – China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world’s biggest producer offload surplus metal due to weak demand at home. China’s massive steel industry has been hard hit by a months-long…
(Reuters) -The Chinese spy balloon that passed over the U.S. early this year used American technology that helped it collect audio-visual information, the Wall Street Journal reported on Wednesday, citing preliminary findings from a closely held investigation. Analysis from several US defense and intelligence agencies, found that the balloon carried commercially available U.S. gear, along…
By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in exports. Gross domestic product (GDP) in the second quarter grew 4.14% from a year earlier, faster than the 3.28% expansion seen in the first quarter, the…
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus to counter weak demand at home and abroad. The official purchasing managers’ index (PMI) is expected to have…
