By Laurie Chen and Albee Zhang (Reuters) -China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world’s second-largest economy. The decision announced shortly after the release of weaker-than-expected factory…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade…
By Andy Sullivan, Joseph Ax and Sarah N. Lynch (Reuters) – Former U.S. President Donald Trump was hit with a sweeping fourth set of criminal charges on Monday when a Georgia grand jury issued an indictment accusing him of efforts to overturn his 2020 election loss to Democrat Joe Biden. The charges, brought by Fulton…
By Jorge Garcia and Mike Blake KAHULUI, Hawaii (Reuters) – Search teams with cadaver dogs have combed through 25% of the Lahaina disaster zone from the Maui wildfires, discovering the remains of a 99th victim on Monday, but perhaps hundreds more people were unaccounted for nearly a week after the disaster. Fueled by winds gusting…
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s economy grew much faster than expected in April-June, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-COVID consumer recovery, although global recession prospects cloud the outlook. The 6.0% annualised growth in Japan’s economy translated into a quarterly gain of 1.5%,…
A look at the day ahead in European and global markets from Ankur Banerjee A star-studded line up of economic events in Asia on Tuesday has kept investors busy, and jittery, with markets weighed down by yet another set of weak economic data from China, a day after contagion fears in the property sector also…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s trade surplus shrank more than expected in July to $1.31 billion, as imports contracted less than predicted, data from the statistics bureau showed on Tuesday. A Reuters poll of economists had expected a July surplus of $2.53 billion. Trade surplus in the previous month was…
By Stella Qiu SYDNEY (Reuters) -Australian wage growth held steady in the June quarter while the pace of annual pay awards unexpectedly slowed, raising hopes that inflationary pressures are weakening and building the case against further increases in interest rates. Coupled with the release of dovish minutes from the July policy meeting , investors doubled…
By Clark Mindock (Reuters) – Montana is violating the rights of young people with policies that prohibit the state from considering climate change effects when it reviews coal mining, natural gas extraction and other fossil fuel projects, a state judge said Monday. The decision by Judge Kathy Seeley in Helena marked a major victory in…
BEIJING (Reuters) – There is no deflation in China and there will be no deflation in the future, a spokesman of China’s statistics bureau said on Tuesday. China’s economic recovery faces challenges, National Bureau of Statistics spokesperson Fu Linghui told a press conference in Beijing. Still, the bureau expects a decline in producer price index…
