By Liangping Gao, Ellen Zhang and Kevin Yao BEIJING (Reuters) – China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. Whether the world’s second-largest economy chugs ahead at 3-4% annually or flirts, as some economists expect, with Japan-like “lost decades” of stagnation, it looks set…
By Valerie Volcovici, Timothy Gardner and Kate Abnett BEIJING (Reuters) – As China and the United States meet this week in Beijing, the world’s two biggest carbon polluters will be looking for ways to cooperate in both domestic policy and international trade in bringing down greenhouse gas emissions as they try to recalibrate ties amid…
SYDNEY, July 18 (Reuters) – Australia’s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on household finances could lead to a sharp downturn and higher unemployment. However, the bank retained a warning that some tightening may still be required to bring…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday is spoiling the party in Asia, and regional markets could struggle again on Tuesday. Data on…
By Philip Pullella and Costas Pitas VATICAN CITY (Reuters) – Italian Cardinal Matteo Zuppi, assigned by Pope Francis to help bring peace to Ukraine, will discuss repatriating children who Kyiv and others say have been deported by Russia with U.S. President Joe Biden in Washington as part of a three-day visit. Zuppi will meet Biden…
GANDHINAGAR, India (Reuters) – The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the…
By Herbert Lash NEW YORK (Reuters) -U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated. China overnight reported growth of 0.8% in the second quarter, above the 0.5% forecast, but the annual pace…
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but held above more than one-year lows reached on Friday with no major catalysts to drive market direction. This week is likely to see…
(Reuters) – Russian President Vladimir Putin said on Monday his defence ministry was preparing proposals for a response to an overnight attack that damaged the road bridge linking Crimea to southern Russia, for which he blamed Ukraine. At the end of a televised video meeting with national and regional officials to assess the consequences of…
By Clare Jim HONG KONG (Reuters) -China Evergrande Group, the world’s most indebted property developer, posted a combined loss of $81 billion in 2021 and 2022 and a rise in total liabilities in its long overdue results on Monday. The developer defaulted in late 2021 and has been struggling to complete projects and repay its…