By Aleksandra Michalska and Michael Martina NEW YORK (Reuters) -The hope for a “free China” lives on in a new Manhattan museum dedicated to China’s 1989 suppression of pro-democracy demonstrations around Tiananmen Square, exhibit organizers said on Thursday ahead of the 34th anniversary of the crackdown. The June 4th Memorial Museum in New York will…
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut on Thursday, as it tries to boost economic growth and lower borrowing costs for the government in the crisis-hit economy. In a sign of confidence that the worst of Sri…
By Selena Li and Kane Wu (Reuters) -Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co, is visiting Taiwan on Friday, a source with direct knowledge of the matter said, his first trip to the island in a nearly a decade, after concluding a visit to China this week. Dimon’s trip to…
BANGKOK (Reuters) – Trafficking of synthetic drugs in East and Southeast Asia is surging, with new smuggling routes for methamphetamine emerging and ketamine production expanding, the United Nations said on Friday. High volumes of methamphetamine continue to be produced in Shan State, Myanmar and trafficked from there through Thailand and Laos as well as new…
Beijing/Hong Kong (Reuters) -China is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators are considering reducing downpayments in some non-core neighborhoods of major cities, lowering agent commissions on transactions, and further…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling removed, world markets see the sky again – encouraged that robust U.S. labor markets continue to defy recession fears as interest rates near peaks. May’s U.S. employment report later on Friday now stands as the last…
By Mike Dolan LONDON (Reuters) -The economic airplane hasn’t reached the runway yet and has hit some more heavy turbulence in 2023 – but investors suspect a relatively gentle touchdown may be back on the cards. It’s not even midyear yet, but the full gamut of scenarios has been juggled in just five months. World…
By Takaya Yamaguchi and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s government will pledge to pull the economy out of deflation through bold monetary policy, flexible fiscal policy and a growth strategy, according to a draft outline of its long-term economic policy platform obtained by Reuters on Friday. “The government hopes the Bank of Japan achieves…
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June…
