By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) -China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data shows financial institutions issued 5.5…
By Boureima Balima, Abdel-Kader Mazou and Bate Felix NIAMEY/ABUJA (Reuters) -Niger’s junta revoked a raft of military cooperation agreements with France on Thursday – a decision that could drastically reshape a fight against Islamist insurgents in the region after the ouster of President Mohamed Bazoum last week. Like recent coups in neighbouring Burkina Faso and…
By Joe Cash BEIJING (Reuters) – Liquidity in China’s banking system would be kept reasonably ample, an official said during a press conference by the state planner on Friday that left investors dismayed by slow roll out of support for an economy that has lost its post-pandemic bounce. Anticipation was riding high for some positive…
HONG KONG (Reuters) – A new home launch this week by Hong Kong property developer CK Asset at the lowest prices in seven years has shocked the market and could intensify a price war in the financial hub, realtors said. Home prices in one of the world’s most expensive property markets have retreated again since…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s latest policy shift would not have a major impact on Japanese banks unless there are sudden spikes in domestic bond yields, the new head of Japan’s financial regulator told Reuters on Friday. The central bank’s relaxation of its cap on bond yields…
SYDNEY (Reuters) – A U.S. Navy nuclear submarine arrived in Western Australia on Friday as allies Canberra and Washington deepen defence ties and prepare to transfer nuclear submarine capability to Australia. The U.S. Navy Virginia-class submarine arrived at HMAS Stirling for a scheduled port visit as part of a patrol of the Indo-Pacific, officials said….
PARIS (Reuters) -Airbus deliveries rose 11% in the first seven months of the year to 381 airplanes, the European planemaker said on Friday. For July, deliveries stood at 65 aircraft, it said in a monthly commercial update, confirming a Reuters report. After a slow start to the year, deliveries have picked up in pace since…
By Leika Kihara TOKYO (Reuters) – Japan’s economy likely grew an annualised 3.1% in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by resilience in exports despite slowing global demand. The increase would follow an annualised 2.7% in the first quarter. On a quarter-on-quarter basis, the economy probably…
PARIS (Reuters) – The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns over global production. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 123.9 points in July…
LONDON (Reuters) – Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy, a survey showed on Friday. The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) recovered to 51.7, its highest level since February and up from June’s…
