SEOUL (Reuters) – South Korea’s exports are expected to recover going forward, but at a sluggish pace compared with the past due to a narrower gap in competitiveness against China, the central bank said in a report published on Friday. “Even if the sluggishness of the information technology (IT) industry cycle eases from the second…
By David Shepardson and Mrinalika Roy (Reuters) -New York Governor Kathy Hochul on Thursday directed state departments to investigate health risks associated with old lead-clad cables left by telecommunication companies. The Wall Street Journal this month reported that telecom companies, including AT&T and Verizon Communications, had left toxic lead cables on poles, underwater and buried…
By Andrea Shalal WASHINGTON (Reuters) – The United States and Vietnam on Thursday said they had agreed to hold regular, senior staff-level talks on macroeconomic policies and efforts to maintain financial stability, and would also explore a possible technical assistance partnership. U.S. Treasury Secretary Janet Yellen and State Bank of Vietnam Governor Nguyen Thi Hong…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Japan’s core inflation stayed above the central bank’s 2% target in June for the 15th straight month but an index stripping away the effect of energy costs slowed, data showed, suggesting the prolonged commodity-driven price pressures may have peaked. Yet, with services price growth also slowing last…
By Andrea Shalal (Reuters) – The United States sees Vietnam as a key partner in expanding green energy sources and building more resilient supply chains, U.S. Treasury Secretary Janet Yellen said in a speech to be delivered in the country’s capital of Hanoi on Friday. Yellen, continuing her travels in Asia, told the U.S.-ASEAN Business…
By Jarrett Renshaw and Jeff Mason PHILADELPHIA (Reuters) – President Joe Biden traveled on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is…
By Wayne Cole and Alasdair Pal SYDNEY (Reuters) – Australia on Friday launched a “national wellbeing” dashboard of indicators to measure progress on issues like health, education and the environment, one that it hopes will lead to a better balance between economic and social objectives. It will track indicators across five categories – healthy, secure,…
By Rachel Nostrant NEW YORK (Reuters) – The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was the largest class action settlement ever paid to protesters in the United States. The protests in…
TOKYO (Reuters) – Core inflation in Japan’s capital likely stayed above the central bank’s 2% target but slowed sharply in July, a Reuters poll showed on Friday, suggesting that easing cost pressures will moderate the pace of price gains nationwide. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel…
By Jonathan Landay WASHINGTON (Reuters) -The United States on Thursday imposed Russia-related sanctions against nearly 120 people and entities aimed at blocking Moscow’s access to electronics and other goods that aid its war against Ukraine, the Treasury and State departments announced. The new measures also are designed to “reduce Russia’s revenue from the metals and…
