A look at the day ahead in European and global markets from Ankur Banerjee Before investors get consumed by the U.S. inflation data, markets will likely focus on European banks in the wake of the Italian government announcing a windfall tax and then hastily easing its stance, unnerving fragile investor confidence. Italy’s government announced late…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine economy grew at its slowest pace in nearly 12 years in the second quarter as high inflation and interest rates hurt consumer demand, reducing pressure on the central bank to tighten monetary policy further. Gross domestic product (GDP) rose 4.3% in the April-June…
(Reuters) – Australian Prime Minister Anthony Albanese will travel to the United States for an official visit in late October, the first since winning election last year, according to a statement from his office on Thursday. The leaders will hold talks on topics including the AUKUS security deal, climate change and critical minerals during the…
By Josh Ye HONG KONG (Reuters) -China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on a tight leash. The Ministry of Industry and Information Technology (MIIT) said late on Tuesday that apps without proper…
SEOUL (Reuters) – A South Korean government think-tank revised its annual inflation projection upwards on Thursday, citing the recent rise in energy prices, although it said the need for interest rate hikes has lessened. The Korea Development Institute (KDI) said in its quarterly revision of economic forecasts this year’s inflation would be 3.5%, compared with…
By David Brunnstrom and Stanley Widianto WASHINGTON/JAKARTA (Reuters) -U.S. President Joe Biden is unlikely to attend summits with Southeast Asian leaders in Jakarta next month, multiple sources told Reuters, an absence that would raise questions about U.S. commitment to a region vital in its efforts to push back against China’s expanding influence. Biden is due…
By Nate Raymond (Reuters) -A federal judge has blocked the state of Hawaii from enforcing a recently enacted ban on firearms on its prized beaches and in other areas including banks, bars and parks, citing last year’s landmark U.S. Supreme Court ruling expanding gun rights. U.S. District Judge Leslie Kobayashi in Honolulu on Tuesday concluded…
By Ismael Lopez (Reuters) – Nicaraguan authorities froze the bank accounts of the country’s top private university, a source from the institution told Reuters, marking the latest move against a Catholic-led institution in an ongoing crackdown by the government. The Jesuit-run Central American University (UCA) is the alma mater of many youth leaders who protested…
By Kantaro Komiya TOKYO (Reuters) – Former Japanese Prime Minister Taro Aso’s remark on Tuesday that his country must show “the resolve to fight” to defend Taiwan from attack was in line with Tokyo’s official stance, a lawmaker close to Aso told a TV show late on Wednesday. Aso, vice president of the ruling Liberal…
By Sam Nussey TOKYO (Reuters) -Shares in Japan’s Sony fell 6% in Tokyo trade after first-quarter profit tumbled, with the entertainment conglomerate reporting lacklustre performances by its movie and financial divisions. Operating profit slid 31% and comments by Sony executives over demand for its games and image sensors units also sparked concern. The PlayStation 5…
