India inflation likely rose to 4.58% in June on higher food prices: Reuters poll

By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in interest rates unlikely any time soon, while the Reserve Bank of India is also expected to resist pressure to raise rates. “We believe…

Read More

China kindergarten attack kills six, sparks safety worries

BEIJING (Reuters) – A 25-year-old man was suspected of attacking a kindergarten in China’s Guangdong province on Monday, killing six people and injuring one, triggering an outpouring of concern about violence against children at school. Media reported the attack in Lianjiang county in the southern province was a stabbing. The suspect, with the surname Wu…

Read More

Soaring vegetable prices may tip India’s delicate inflation balance -economists

MUMBAI (Reuters) – A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5% in the July-September quarter, at least three economists said. The country’s inflation eased to between 4% and 5% in April and May, inching towards the central bank’s 4% target, and…

Read More

US, Ukraine’s top diplomats hold ‘important’ call before NATO summit

(Reuters) – U.S. Secretary of State Antony Blinken and Ukraine’s Foreign Minister Dmytro Kuleba said late on Sunday they held a phone call to discuss this week’s NATO summit and Kyiv’s counteroffensive campaign to reclaim land taken by Russia. “I had an important discussion with Ukrainian Foreign Minister Dmytro Kuleba today ahead of this week’s…

Read More

Analysis-U.S. military deals not enough to wean India off Russian arms yet

By Krishn Kaushik and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) – India’s multi-billion-dollar purchases of U.S. arms are less about shifting its reliance on Russian defence equipment and moving towards the West – it’s more about developing its own domestic weapons industry, security officials and analysts say. India is the world’s biggest arms importer but almost…

Read More

China urges ‘practical’ US action on sanctions after Yellen talks

By Joe Cash BEIJING (Reuters) – China on Monday called on the U.S. to take “practical action” in response to its “major concerns” about sanctions on Chinese firms, after U.S. Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing. Yellen came to Beijing seeking to ease tensions…

Read More