By Libby George LONDON (Reuters) – Foreign investors piling into Asian fixed income and stocks propelled emerging market portfolio inflows to $10.4 billion in May, offsetting Chinese bonds suffering a third straight month of outflows, the Institute of International Finance (IIF) found. The fifth consecutive month of positive foreign investor cash flows to emerging markets…
BEIJING (Reuters) – China’s foreign ministry on Friday said “spreading rumours and slander” is a common tactic of “hacker empire” the United States, after a media report that China has reached a deal with Cuba to set up an electronic eavesdropping facility on the island. Citing U.S. officials familiar with classified intelligence, the Wall Street…
WASHINGTON (Reuters) – A U.S. official said American spy satellites detected an explosion at Ukraine’s Kakhovka dam just before it collapsed and unleashed a torrent of flood water into surrounding areas this week, the New York Times reported on Friday. The official said that satellites equipped with infrared sensors detected a heat signature consistent with a…
BRUSSELS (Reuters) – NATO allies on Friday condemned Russia’s decision to withdraw from the Treaty on Conventional Armed Forces in Europe (CFE). “Russia’s decision to withdraw from the CFE Treaty is the latest in a series of actions that systematically undermines Euro-Atlantic security,” the alliance said in a statement. “Russia’s decision further demonstrates Moscow’s continued…
By Jeff Mason WASHINGTON (Reuters) – The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China. Australia, Britain, Canada, Japan, and New Zealand jointly released the…
LONDON (Reuters) – WikiLeaks’ founder Julian Assange has lost his latest attempt to fight extradition from Britain to the United States where he is wanted on criminal charges, though he will renew his appeal next week. Assange, 51, is wanted by U.S. authorities on 18 charges relating to WikiLeaks’ release of vast troves of confidential…
BEIJING (Reuters) -China’s economic growth is expected to be “relatively high” in the second quarter compared to the prior year, mainly due a low base of comparison, while consumer inflation is projected to be above 1% by December, the central bank governor said. As rising interests rates and inflation squeeze demand in the United States…
A look at the day ahead in U.S. and global markets from Mike Dolan As S&P500 stocks clock their highest close of the year, marking a technical 20% ‘bull market’ from October’s low, disinflation signals around the world may help calm G3 central bankers meeting next week. Much like the winter euro zone recession that…
BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The planes will include five 737 Max aircraft, the Gurugram-based airline said, without disclosing the list price. As of June 2023, its fleet comprised…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the country’s corporate price-setting behaviour was showing changes that could work to push up inflation more than expected, suggesting the economy was making steady progress toward hitting its 2% price target. But he stressed anew the central bank’s resolve to keep ultra-loose policy,…
