By Josh Smith SEOUL (Reuters) – When U.S. soldier Travis King sprinted across the border into North Korea from the South this week, he disappeared into a North Korea where lingering COVID-19 concerns and restrictions have made the already secretive country more isolated than ever. During the pandemic North Korea stopped all international travel and…
A look at the day ahead in European and global markets from Sonali Desai Japan’s June inflation data hopped onto a widening trend for price pressures to start showing signs of peaking, although that provided limited cheer to investors in Asia – as did China’s latest measures to stimulate consumption. Both factors softened some of…
JAKARTA (Reuters) – Incoming foreign direct investment to Indonesia grew 14.2% on a yearly basis in rupiah terms in the April-June quarter, the investment ministry said, the slowest growth pace in one and a half years. FDI was worth 186.3 trillion rupiah in the second quarter, or $12.59 billion, using the conversion provided by the…
BEIJING (Reuters) – China’s foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure. China’s currency has lost about 4% to the dollar this year, one of the worst performing Asian currencies, pressured by widening yield differentials with…
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in a Reuters poll, a slight majority of whom were now also expecting another hike in September. Inflation in the euro zone has almost halved, down to 5.5% in June…
(Reuters) – Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. Cybersecurity firms believe many of those groups are backed by China’s government. China’s authorities have consistently denied any form of state-sponsored…
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will hold steady its policy including its yield control scheme at next week’s meeting, more than three-quarters of economists polled by Reuters said, as policymakers stress more time is needed for inflation stability. BOJ Governor Kazuo Ueda has signalled his resolve to maintain its massive…
By Jonathan Landay and Charlotte Greenfield WASHINGTON/ISLAMABAD (Reuters) – A U.S.-funded audit of Afghanistan’s Taliban-run central bank has failed to win Washington’s backing for a return of bank assets from a $3.5 billion Swiss-based trust fund, said two U.S. officials and a former U.S. official, a move that would help ease the country’s financial crisis….
By Amy Tennery AUCKLAND (Reuters) – The U.S. Center for SafeSport responded to criticism from United States national soccer team players on Friday, insisting their goals are aligned on preventing abuse in sport as the athletes called on Congress to change how the organisation operates. U.S. players, including all 23 who are kicking off their…
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said he is willing to take a hard line with airlines when necessary as the Biden administration vows a sweeping upgrade in passenger consumer protections. “We’re continuing to work to make sure that airlines live up to their obligations, which we will enforce,” Buttigieg…
