By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll found, giving traction to the idea the cash rate may have peaked. Gross domestic product (GDP) is expected to be down 0.1% in…
BEIJING (Reuters) -China is willing to begin talks on a free trade agreement with Honduras “as soon as possible”, Chinese President Xi Jinping said on Monday, during the first visit by the Central American country’s president since forming diplomatic ties in March. Honduras’ President Xiomara Castro is on a six-day official visit to China. She…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s national radio broadcaster has launched an investigation and put a staff member on leave after it said a series of news stories on its website about Russia’s invasion of Ukraine had been edited to present “a false account of events”. Radio New Zealand (RNZ), which is government-funded but has…
WASHINGTON (Reuters) – The United States is concerned that North Korea is planning to deliver more weapons to Russia, a U.S. State Department spokesperson said on Monday after North Korean leader Kim Jong Un vowed to bolster strategic cooperation with Moscow. Earlier on Monday, North Korea’s KCNA state news agency said Kim made the pledge…
By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting it, but questions remained about how any interoperability would work. The rare agreements between Tesla Inc and each of the two U.S. automakers, who among them…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will the U.S. inflation report spoil the mood? Asian investors are waking up to another upbeat session in global stock markets. Wall Street’s major averages continued…
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other…
By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China. Alliance for Automotive Innovation CEO John Bozzella said Monday in a blog post the…
By Raphael Satter WASHINGTON (Reuters) – Chinese hackers are all but certain to disrupt American critical infrastructure, such as pipelines and railways, in the event of a conflict with the United States, a senior U.S. cybersecurity official said Monday. In comments made during an appearance at the Aspen Institute in Washington, Cybersecurity and Infrastructure Security…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the…
