By Jessie Pang and Ben Blanchard HONG KONG/TAIPEI (Reuters) – Hong Kong police said they detained 23 people on Sunday for “breaching public peace” and arrested a 53-year-old woman for “obstructing police officers” as authorities ramped up security for the 34th anniversary of the 1989 Tiananmen Square crackdown. Restrictions in Hong Kong have stifled what…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s annual inflation rate eased to 4% in May, matching the upper end of the central bank’s target range earlier than expected, data from the statistics bureau showed on Monday. Inflation in Southeast Asia’s largest economy had been above Bank Indonesia’s (BI) 2% to 4% target…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is up 2.5% from its recent low against a basket of currencies and stands near its highest level since March. The nascent rally has defied expectations…
By YP Rajesh NEW DELHI (Reuters) – Investigators are probing an electronic track management system that they suspect malfunctioned and caused India’s deadliest train crash in more than two decades, railways officials said on Sunday. At least 275 people were killed on Friday when a passenger train hit a stationary freight train, went off the…
SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move to tap into the influx of wealth and growth of family offices in the city-state. The lender has appointed Tom Road as its deputy head of Barclays Private Bank in Singapore. Road, who…
TOKYO (Reuters) – Japan’s service sector activity expanded at a record pace in May, a private-sector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) rose to a seasonally adjusted…
By Vivek Mishra BENGALURU (Reuters) – Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found. A surge in savings and minimal income disruption to cash-rich home buyers during the pandemic led to…
By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world’s second-largest economy. Disappointing economic data, widening yield differentials with the United States, upcoming corporate dividend payments and…
WASHINGTON (Reuters) – A Chinese warship came within 150 yards (137 meters) of a U.S. destroyer in the Taiwan Strait in “an unsafe manner,” U.S. military officials said, as China blamed the United States for “deliberately provoking risk” in the region. U.S. and Canadian navies on Saturday were conducting a joint exercise in the strait,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a strong start on Monday, extending last week’s upward momentum and rising risk appetite on growing hopes the U.S. economy is headed for a ‘soft landing’ after Congress’s approval last week of a…
