Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23…
Business
Nvidia CEO feels safe relying on Taiwan for chips
By Ben Blanchard TAIPEI (Reuters) – Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI),…
Euro zone factory downturn deepens in May despite price cuts
LONDON (Reuters) – The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices…
German manufacturing shrinks at fastest in 3 years in May -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for…
Surging temple and lottery stocks mirror China’s weak recovery
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Shares in some Chinese temple operators and lottery sellers surged for…
US debt ceiling bill passes House with broad bipartisan support
By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill…
China’s Henan plans ‘zero-dynamic’ end to youth unemployment
(Refiles to correct spelling of ‘dynamic’ in headline) By Farah Master HONG KONG (Reuters) – China’s Henan province has unveiled…
Major central banks renew rate hike push in May
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes across major central banks showed…
Elon Musk met with Chinese Vice Premier Ding in Beijing -source
By Julie Zhu HONG KONG (Reuters) – Tesla Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on…
China new home prices, sales fall on soft demand in May
BEIJING (Reuters) – China’s new home prices fell for the first time in four months in May and home sales…