By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for…
By Leika Kihara (Reuters) -Bank of Japan (BOJ) policymakers agreed to keep ultra-low interest rates at Governor Kazuo Ueda’s debut meeting but some saw the need to avoid being too late in raising interest rates, minutes of the April rate review showed on Wednesday. While Japan was making progress toward achieving the BOJ’s 2% inflation…
By Hussein Waaile, YP Rajesh and Tanvi Mehta NEW YORK/NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi arrived in the United States on Tuesday for a state visit that has been projected as a milestone in ties between the two countries that would deepen and diversify their partnership. Modi has been to the U.S. five times…
By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic recovery though uncertainty remains high amid slowing global growth, a Reuters poll showed. Underlining the prospects for a service sector-led recovery, the non-manufacturers’ index hovered…
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Pressure is mounting on China’s cash-strapped local governments as authorities move to shut a private funding route for their financing arms, according to planned new rules and people familiar with their aims, raising credit risks and default worries. Beijing has been tightening rules on local government…
SEOUL (Reuters) – North Korea on Wednesday criticised U.S. Secretary of State Anthony Blinken’s recent visit to Beijing as a “begging trip” to ease tensions in what it called a policy failure to pressure China. At one of the most significant U.S.-China exchanges since U.S. President Joe Biden took office, Blinken and Chinese President Xi…
By Trevor Hunnicutt and Kanishka Singh SAN FRANCISCO (Reuters) -The risks of artificial intelligence to national security and the economy need to be addressed, U.S. President Joe Biden said on Tuesday, adding he would seek expert advice. “My administration is committed to safeguarding Americans’ rights and safety while protecting privacy, to addressing bias and misinformation,…
LONDON (Reuters) – Secretary of State Antony Blinken said on Tuesday that the United States would have deep concerns about Chinese military activities in Cuba, after the Wall Street Journal reported that Beijing was planning a new training facility there. Speaking at a press conference in London after wrapping up a trip this week to…
By Humeyra Pamuk BEIJING (Reuters) -The United States on Tuesday pressed its call for military communication channels with China and signalled concern over reports that China plans a military training facility in Cuba following Secretary of State Antony Blinken’s trip to Beijing over the weekend. Establishing military-to-military communications is essential to reduce frictions between the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A deepening sense of caution descends over Asian markets as the trading week reaches its mid-point, as investors give a lukewarm reaction to China’s interest rate cut and await key remarks from Federal Reserve Chair…
