SHANGHAI (Reuters) – China surprised markets by lowering a string of major short and long-term interest rates on Monday, in an effort to boost growth in the world’s second-largest economy. Analysts said the move showed the yuan, which has been undermined all year by its low yields versus U.S. rates, is less of a priority …
China’s surprise rate cuts will not hurt a fragile yuan, analysts say Read More »
FARNBOROUGH, England (Reuters) – Aviation leaders will meet at a marque summit outside London on Monday as the industry struggles with supply chain disruptions, aircraft delays and floundering plans to reduce carbon emissions. The July 22-26 Farnborough Airshow, a gathering of top executives from airlines, aircraft makers and weapons manufacturers, has often been a festival …
Aviation summit opens amid jet shortages, supply chain turbulence Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to hold interest rates for a second straight meeting on Wednesday as it attempts to maintain monetary stability in the shadow of a dragging financial crisis and counter simmering political tensions. Nine out of 14 economists and analysts polled by Reuters expect the …
Sri Lanka central bank seen holding rates to foster stability: Reuters poll Read More »
BEIJING (Reuters) – China’s fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged weakness in domestic demand dampened the outlook for an economic recovery. Fiscal expenditure was up 2% in the first half, against …
China’s fiscal revenue shrinks 2.8% on year in first half Read More »
NEW DELHI (Reuters) – India’s annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased geopolitical tensions between New Delhi and Beijing since 2020. India’s Chief Economic Adviser V. Anantha Nageswaran said in the annual economic survey tabled in …
Indian economic adviser backs more Chinese direct investment in annual report Read More »
TAIPEI (Reuters) – Taiwan’s export orders rose less than expected in June on weak demand from the island’s top trading partner China and for laptops and mobile phones, even as chips saw continued strength from a boom in artificial intelligence (AI) applications. Export orders last month expanded 3.1% from a year earlier to $45.56 billion, …
Taiwan June export orders miss forecast, China demand weakens Read More »
HONG KONG (Reuters) – China’s finance ministry said on Monday it would extend tariff exemptions for the import of some US products until Feb. 28, 2025. (Reporting by Farah Master and the Beijing newsroom; Editing by Bernadette Baum)
BEIJING (Reuters) – China’s government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday. Revenue from government land sales fell 18.3% year-on-year, compared with a 14% drop in the first five months of the year. Land sales, a key barometer tracking property sector momentum …
China’s revenue from government land sales down 18.3% year on year Read More »
SHANGHAI (Reuters) -China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signalling intent to boost growth in the world’s second-largest economy just days after a Communist Party leadership meeting. The cuts to the central bank’s key short-term policy rate, its market operations …
China cuts several major interest rates to support fragile economy Read More »
By Joe Cash and Kevin Yao BEIJING (Reuters) – As imbalances in China’s economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years. Faced with deflationary pressures and weak demand at home and …
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges Read More »
