BEIJING (Reuters) – China’s State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the “fundamental role” of consumption in economic development. The State Council said in a document the government will improve the infrastructure for charging to promote more…
By Leika Kihara TOKYO (Reuters) – Some Bank of Japan (BOJ) policymakers baulked at former chief Haruhiko Kuroda’s idea of deploying a “bazooka” massive stimulus a decade ago, unconvinced central banks had the power to jolt public perceptions, accounts of the meeting released on Monday showed. The 2013 deliberation underscores a challenge central banks around…
BEIJING (Reuters) – China’s biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing few signs of recovery. This comes after top leaders at a Politburo meeting pledged this month to…
TOKYO (Reuters) – Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Many countries, including Japan, are relying on domestic consumption to underpin growth while the risk of global recession persists. Output rose 2.0% in June from…
By Nicholas P. Brown (Reuters) – A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display. On Friday, the company erected an “X” logo on the roof…
By Sinead Cruise, Lucy Raitano and Lewis Jackson LONDON/SYDNEY (Reuters) – Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest…
(Reuters) – A senior Ukrainian official reported heavy fighting in the northeast of the country on Sunday, with Kyiv’s forces holding their lines and making gains in some areas. Russia’s military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to…
(Reuters) – A system in the Central Atlantic has a 70% chance of becoming a cyclone in the next two days and a tropical depression is likely to form, the U.S. National Hurricane Center (NHC) said on Sunday. “The system is expected to move northwestward at about 15 miles per hour during the next day…
NEW YORK (Reuters) – A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Goodbye, July. Asian stocks could be in for a bumpy start to the week if they expect to outdo robust gains enjoyed the week prior, under the power of potential stimulus in China, Japan’s biggest-ever minimum…
By Andrew Osborn MOSCOW (Reuters) -Russia’s Defence Ministry said it had brought down three Ukrainian drones early on Sunday that had tried to strike Moscow in the second such attack in a week, which damaged a high rise building reported to house government offices. Nobody was hurt and there was only minor damage to the…
