China’s housing minister urges efforts to strengthen property recovery
BEIJING (Reuters) -China needs more effective implementation measures such as lower home mortgage rates and down payment ratios for first-time…
2023
US congressional committee advances stablecoin bill
By Hannah Lang (Reuters) -The U.S. House Financial Services committee on Thursday advanced a bill to establish a federal regulatory…
North Korea economy shrank for third year in 2022 -South’s central bank
By Jihoon Lee SEOUL (Reuters) – North Korea’s economy shrank for a third consecutive year in 2022, as COVID-19 restrictions…
China tops agenda as Biden meets Italy’s Meloni in Washington
By Andrea Shalal and Angelo Amante WASHINGTON/ROME (Reuters) -U.S. President Joe Biden and Italian Prime Minister Giorgia Meloni met at…
China Evergrande’s EV unit shares plunge 69% after 16-month halt
By Clare Jim HONG KONG (Reuters) -Shares of China Evergrande New Energy Vehicle Group (NEV) plunged on Friday as trading…
Jose Cuervo distiller’s profit dips, hit by North America headwinds
By Kylie Madry MEXICO CITY (Reuters) -Mexican distiller Becle, the world’s largest tequila producer, on Thursday posted a 5% drop…
Analysis-China’s gasoline demand peak nears as EV boom hastens transition
By Mohi Narayan (Reuters) – China’s demand for petrol is likely to peak as early as next year as electric…
Walmart Mexico posts slightly higher profit amid June sales uptick
By Carolina Pulice MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit on Thursday posted a 5% year-on-year rise in…
Meta plans retention ‘hooks’ for Threads as more than half of users leave app
By Katie Paul and Sheila Dang NEW YORK (Reuters) – Meta Platforms executives are heavily focused on boosting retention on…
Explainer-How does Japan’s yield curve control work?
By Leika Kihara TOKYO (Reuters) – One of Bank of Japan Governor Kazuo Ueda’s main challenges will be to phase…