By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. China’s economy grew faster than expected in the first…
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. European investors hoping to find some clues on market direction from Asia may be disappointed today. Overall, the market mood was cautious ahead of the week’s trading highlight, Wednesday’s U.S. CPI report, which will put to the test…
HANOI (Reuters) – Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country meet its economic growth target for the year. Vietnam’s growth slowed from 5.92% in late 2022 to 3.32% in the first quarter of 2023, prompting the State Bank of Vietnam…
BEIJING (Reuters) – China’s imports of iron ore rose 5.1% in April from the same period the previous year, customs data showed on Tuesday, as buyers anticipated strong demand for the steelmaking ingredient during the peak spring construction season. The world’s top iron ore consumer brought in 90.44 million tonnes of the steelmaking ingredient last…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday said prosecutors charged him with “troubling” haste and asked a U.S. judge to throw out 10 of the 13 criminal counts against him. In a filing in Manhattan federal court, Bankman-Fried’s lawyers said…
By Pavel Polityuk and Gleb Garanich KYIV (Reuters) -Russia launched about 15 cruise missiles at Ukraine’s capital on Tuesday, the second attack in as many days, with air defence systems shooting all of them down, officials said, after air raid alerts blared over most of the country. “As at the front, the plans of the…
By Luc Cohen and Jack Queen NEW YORK (Reuters) -Donald Trump’s absence from a trial where writer E. Jean Carroll accuses him of rape and defamation shows that “he did it,” a lawyer for Carroll said on Monday, while Trump’s lawyer told jurors the case was “outrageous.” “He never looked you in the eye and…
(Reuters) – Progress in reducing deaths during pregnancy and childbirth and among newborn infants has stalled since 2015, and over 60 countries are on track to miss 2030 targets at current rates, a World Health Organization report released on Tuesday found. The COVID-19 pandemic, poverty, and worsening humanitarian crises have strained already pressured healthcare systems,…
By Makiko Yamazaki and Katya Golubkova TOKYO (Reuters) -Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power, for the second consecutive year in a row. The asset managers are calling on J-Power, Japan’s largest operator of coal-fired power stations, to set…
BEIJING (Reuters) – Chinese President Xi Jinping’s recent call with Ukraine President Volodymyr Zelenskiy was a very positive step, the European Union ambassador to China said on Tuesday, while urging greater efforts to achieve peace. Xi’s hour-long call with Zelenskiy for the first time since Russia’s invasion of Ukraine, fulfilled one of Kyiv’s long-standing goals,…
