By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus to counter weak demand at home and abroad. The official purchasing managers’ index (PMI) is expected to have…
By Wayne Cole SYDNEY (Reuters) – Australian retail spending rebounded in May as consumers were tempted by online sales events and promotional discounting, a sign of resilience in consumption that might add to the case for another rise in interest rates. Data from the Australian Bureau of Statistics (ABS) on Thursday showed nominal retail sales…
SYDNEY (Reuters) – Job vacancies in Australia fell in the three months to May, the fourth straight quarter of decline, but were still far above pre-pandemic levels as demand for labour remains strong. Figures from the Australian Bureau of Statistics (ABS) out on Thursday showed vacancies in the May quarter fell 2.0%, from the previous…
SYDNEY (Reuters) – New Zealand’s business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first time in 14 months, an ANZ Bank survey showed on Thursday. The survey’s headline measure showed a net 18% of respondents expected the economy to deteriorate over…
BRISBANE (Reuters) – Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate change, gold miner Newcrest’s interim head said on Thursday. “We are urgently off course and we need to course correct immediately,” Sherry Duhe, interim…
By Matt Tracy (Reuters) -Several overseas investors were interested in SL Green Realty’s 245 Park Ave tower before Japanese real estate developer Mori Trust bought half of it, a source familiar with the matter said, an illustration of how some corners of the property market have withstood falling prices. Office space in Manhattan has sold…
By Jihoon Lee SEOUL (Reuters) – South Korea’s downtrend in exports likely slowed in June, with the trade balance set to swing to a surplus for the first time in 16 months, a Reuters survey showed, raising the prospect of an end to a sustained fall in shipments that began late last year. South Korea…
By Katherine Masters NEW YORK (Reuters) – Republican leaders of two House committees are requesting United States Postal Service data on retailers’ goods shipped from China under an exemption in U.S. trade law that excludes some packages worth $800 or less from tariffs. The exemption, known as the de minimis rule, has earned growing scrutiny…
By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over…
(Reuters) -U.S. Treasury Secretary Janet Yellen said she hopes to travel to China to reestablish contact with Beijing, acknowledging there were disagreements between the two countries, MSNBC on Wednesday reported her saying during an interview. The are heightened tensions and pessimism in the U.S.-China relationship over national security issues, including Taiwan, Russia’s war in Ukraine,…
