BEIJING (Reuters) – China will maintain support for the economy, focusing on domestic demand which remains inadequate, the Politburo, a top decision-making body of the ruling Communist Party, said on Friday, the state-run Xinhua news agency reported. The triple pressures facing the economy – shrinking demand, supply shocks and weakening expectations – have eased amid…
By John Revill ZURICH (Reuters) – The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much power lies in the hands of its chairman Thomas Jordan and that more transparency is needed. The SNB played a major role in the state-sponsored rescue of Credit Suisse making 250…
BERN (Reuters) – Swiss banking regulation and supervision must be reviewed following the collapse of Credit Suisse, Swiss National Bank Chairman Thomas Jordan said on Friday, although he warned against “quick fixes.” The central bank played a key role in the state-engineered rescue of Credit Suisse, making 250 billion francs of emergency liquidity available to…
TAIPEI (Reuters) -A Chinese uncrewed combat aircraft has flown around Taiwan, the island’s defence ministry said, showcasing Beijing’s ability to attack its fall-back east coast bases, as a U.S. maritime patrol aircraft transited the Taiwan Strait. China, which views democratically governed Taiwan as its own territory, has increased military pressure on the island over the…
(Reuters) – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates, but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to phase out his predecessor’s massive stimulus programme. As widely expected, the BOJ made no changes to its yield curve control (YCC) policy that sets…
By Sharon Bernstein (Reuters) – The states of Vermont and Washington took steps on Thursday to protect the availability of medication abortions in the event that a lawsuit challenging federal approval for a commonly used abortion drug prevails in court. A series of bills were either passed or signed in the two states days after…
By Steve Holland and Kanishka Singh WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence appeared before a grand jury investigating former President Donald Trump’s role in efforts to overturn the 2020 election, a source familiar with the matter told Reuters on Thursday. Pence was inside U.S. District Court in Washington for more than seven hours,…
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Sudan’s eruption into conflict has left international consumer goods makers racing to shore up supplies of gum arabic, one of the country’s most sought-after products and a key ingredient in everything from fizzy drinks to candy and cosmetics. About 70% of the world’s supply of…
By Alessandro Parodi and Alberto Chiumento (Reuters) – Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci. Now aged 49, she works as a housekeeper in Rome, counting cobwebs and crockery, and has…
(Reuters) -Three U.S. Army pilots were killed and one was injured in Alaska on Thursday when two Apache helicopters returning from a training mission collided in flight, the 11th Airborne Division of the Army said. Two soldiers were declared dead at the scene and a third died on the way to hospital, the army unit…
