By Clare Jim HONG KONG (Reuters) -For most young adults, moving out of home is a rite of passage but in Hong Kong – notorious for its chronic lack of housing – it’s usually an unaffordable dream. Silver Ho, a 26-year-old hair stylist assistant who was tired of arguing with his parents, counts himself as…
BEIJING (Reuters) -China’s producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation, adding to the case for policymakers to use more stimulus to revive sluggish demand. The worsening factory-gate price deflation and the move by consumer prices towards deflation for the first…
(Reuters) -Here are some facts about NATO Secretary General Jens Stoltenberg, whose contract will be extended for a further year under a decision by the Western defence alliance: * Stoltenberg took on the NATO role in 2014 after serving as U.N. climate envoy and prime minister of Norway. He led Norway between 2005-2013 in a…
By Andrius Sytas VILNIUS (Reuters) -NATO holds a summit on July 11-12 in Lithuania, one of the three Baltic states that lived under Soviet rule for decades and were among the first NATO countries to send weapons to Kyiv after Russia’s invasion of Ukraine. Here are some details about the Baltic states – Estonia, Latvia…
(Reuters) -Trade tensions between Washington and Beijing are riding high while U.S. inflation data will inform the Federal Reserve’s next move and rate setters in New Zealand and Canada meet. Here’s a look at the week ahead in markets from Lewis Krauskopf and Nupur Anand in New York, Li Gu in Shanghai, Kevin Buckland in…
SYDNEY (Reuters) – Australia’s central bank is set to lose a top official to the private sector amid a broader shake-up that could soon see its chief replaced. Westpac announced on Monday that it has appointed Reserve Bank of Australia (RBA) assistant governor Luci Ellis as Westpac’s chief economist, starting on Oct. 9, and she…
(Reuters) – U.S. Secretary of State Antony Blinken and Ukraine’s Foreign Minister Dmytro Kuleba said late on Sunday they held a phone call to discuss this week’s NATO summit and Kyiv’s counteroffensive campaign to reclaim land taken by Russia. “I had an important discussion with Ukrainian Foreign Minister Dmytro Kuleba today ahead of this week’s…
(Corrects to clarify Li Qiang is head of the State Council, not state planner) BEIJING (Reuters) – China’s state planner said on Monday it held a meeting with private firms including Baidu and LONGi Green Energy Technology. The next step will be to continue to improve the communication mechanism with private enterprises and address the…
By Krishn Kaushik and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) – India’s multi-billion-dollar purchases of U.S. arms are less about shifting its reliance on Russian defence equipment and moving towards the West – it’s more about developing its own domestic weapons industry, security officials and analysts say. India is the world’s biggest arms importer but almost…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave annual CPI dead flat. Producer prices fell 5.4% on the year, the sharpest decline since late 2015. On the face…
