By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s property sales between June and May showed the largest monthly drop this year, based on sales by floor area, and investment in property also slumped, official data showed on Monday, reinforcing the case for more stimulus to bolster a waning economic recovery. Property sales by…
SEOUL (Reuters) – South Korea’s central bank said on Monday there was a need to manage financial stability in addition to price risks as the country’s high household debts have started to climb. “In terms of monetary policy, it should consider financial stability more actively to prevent excessive leveraging or risky asset investments when monetary…
BEIJING (Reuters) – China’s industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The data released by the National Bureau of Statistics (NBS) on Monday came above expectations for a 2.7% increase in a Reuters poll of…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as the country’s economic recovery falters. The flat result from a month earlier, with rises slowing nationwide, was below May’s 0.1% gain, according…
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea’s Samsung. E-commerce sales in India via Amazon and Walmart’s Flipkart have surged in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The macro and market week in Asia starts with a bang on Monday, with a raft of top-tier economic indicators from China culminating in second-quarter GDP growth data. Just how weak has the world’s second…
(Reuters) – Along with offering a place in the tennis history books, the four Grand Slams – the biggest events on the tennis calendar – also provide serious financial incentives for the champions. Here is what you need to know about the prize pot on offer at Wimbledon: WHAT IS THE TOTAL PRIZE FUND IN…
By Julie Steenhuysen (Reuters) -Alzheimer’s disease experts are revamping the way doctors diagnose patients with the progressive brain disorder – the most common type of dementia – by devising a seven-point rating scale based on cognitive and biological changes in the patient. The proposed guidelines, unveiled by experts on Sunday in a report issued at…
By Daewoung Kim and Soo-hyang Choi SEOUL/CHEONGJU, South Korea (Reuters) -The bodies of eight people trapped in a tunnel flooded by heavy rain in central South Korea were retrieved on Sunday, authorities said, with the death toll from days of torrential downpours that have pounded the country rising to 37. Seo Jeong-il, head of the…
By Kevin Buckland TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News. Suzuki was speaking after a meeting in India of the G7 – the U.S., Japan, Germany,…
