By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers rose on Tuesday after regulators extended some policies in a rescue package introduced in November to shore up liquidity in the embattled sector. Analysts said while the extended policy could ease the short-term financial pressure on property developers and ensure their home project completions,…
(Reuters) -Meta Platforms’ social media apps Instagram and Facebook, messaging app WhatsApp and Twitter-rival Threads were all back up after a brief outage affecting thousands of users on Monday, according to Downdetector.com. At the peak of the outage, lasting over an hour, over 14,000 users reported issues with accessing Instagram, while around 7,000 and 2,700…
By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail Consortium survey showed on Tuesday, but consumers spent less on big-ticket items as high food prices continued to squeeze their budgets. The BRC said retail spending increased by 4.9% in annual…
HAVANA (Reuters) – Cuba will look to expand cooperation at an upcoming summit of European Union, Latin American and Caribbean leaders next week, its foreign minister said, but accused the EU of “manipulative behavior” that could hamper leaders’ ambitions. Heads of state from the EU and the Community of Latin American and Caribbean States (CELAC)…
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China’s new top economic officials would immediately ease tensions between the world’s two largest economies. There was no breakthrough. And it’s far from clear whether the 10 hours of meetings, covering issues ranging from U.S….
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with “candor” and “respect.” Yellen told American Public Media’s Marketplace in an interview taped shortly before her departure from Beijing on Sunday that she believed her trip, during which both sides discussed “significant…
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as inflation continued to ease, a Reuters poll of economists predicted, but rate cut forecasts were pushed back by a quarter to early 2024. While inflation…
By David Morgan and Richard Cowan WASHINGTON (Reuters) -More than 20 U.S. House Republican hardliners warned Speaker Kevin McCarthy on Monday that they will try to block their party’s fiscal 2024 appropriations bills unless spending levels are cut below levels that McCarthy and Democratic President Joe Biden agreed to in May. The hardliners, including members…
By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year…
LOS ANGELES (Reuters) – Pop superstar Madonna said on Monday that all of the North American dates on her upcoming tour will be postponed while she recovers from a multi-day hospitalization for a serious infection. The “Celebration” tour had been scheduled to kick off this month in Vancouver. Now, the plan is to start the…
