China’s factory deflation steepens as demand wanes
By Joe Cash BEIJING (Reuters) – China’s factory gate prices fell at the fastest pace in seven years in May…
Economy
Lab-grown meat maker Uncommon raises $30 million from OpenAI’s Sam Altman and others
By Sudip Kar-Gupta PARIS (Reuters) – Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors…
Australian banks may face heightened supervision if home loan guideline not followed
(Reuters) -Australian banks could face heightened supervisory attention if they make large exceptions in granting home loans to borrowers who…
Chinese investors flock to Riyadh conference seeking new markets, capital
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this…
Australia recession risk heightens after RBA warns of bumpy path to low inflation
By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central…
Japanese investors plan to sue MUFG unit over Credit Suisse bonds – Nikkei
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including…
South Korean household borrowing climbs in May, biggest rise in 19 months
SEOUL (Reuters) – Borrowing by South Korean households grew in May, marking the biggest increase in 19 months, as demand…
US weekly jobless claims race to 1-1/2-year high, economists urge caution
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest…
Odey’s prime brokers review ties after misconduct allegations -sources
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs…
China to build spy base in Cuba, WSJ says; US and Cuba cast doubt on report
By Matt Spetalnick and Dave Sherwood WASHINGTON/HAVANA (Reuters) -China has reached a secret deal with Cuba to establish an electronic…