By Leika Kihara TOKYO (Reuters) -Japan has a “prime opportunity” to raise interest rates as its economy is weathering the hit from U.S. tariffs, central bank board member Hajime Takata said on Monday, reiterating his case for resuming a hike in borrowing costs. Takata, who voted against keeping rates steady in September, said Japan has …
Hawkish BOJ board member keeps up calls for more rate hikes Read More »
BEIJING (Reuters) -Apple’s iPhone 17 series outperformed its predecessor in early sales in China and the United States, research firm Counterpoint said on Monday. The newer models outsold the iPhone 16 series by 14% during their first 10 days of availability in the two countries, Counterpoint said in a report. Sales of the base model …
iPhone 17 outsells predecessor by 14% in early China, US sales, research firm says Read More »
(Reuters) -China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged property slump and trade tensions hurt demand, keeping pressure on policymakers to roll out more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing from …
Instant view: China Q3 GDP growth slows to 4.8% y/y, in line with forecast Read More »
BEIJING (Reuters) -China’s economy grew 4.8% in the third quarter from a year earlier, official data showed on Monday, in line with analysts’ expectations and maintaining pressure for fresh stimulus as a trade war with the U.S. saps confidence. Analysts polled by Reuters had forecast July-September gross domestic product (GDP) would expand 4.8% from a …
China Q3 GDP growth slows to 4.8% y/y, in line with forecast Read More »
(Reuters) -Sany Heavy Industry is seeking to raise as much as HK$12.36 billion ($1.59 billion) through its Hong Kong listing, a filing showed on Monday, as the machinery maker taps into renewed investor appetite for Chinese listings in the city. The company is selling 580.4 million shares in a price range of HK$20.30 to HK$21.30 …
China’s Sany Heavy Industry seeking up to $1.6 billion in Hong Kong listing Read More »
SHANGHAI (Reuters) -China left benchmark lending rates unchanged for the fifth consecutive month in October on Monday, meeting market expectations despite signs of slowing economic momentum. WHY IT’S IMPORTANT The decision to hold steady on Loan Prime Rate (LPR) fixings highlights policymakers’ caution in introducing fresh monetary stimulus ahead of a key policy meeting this …
China leaves key lending rates unchanged for 5th straight month in October Read More »
By Sudarshan Varadhan and Ashley Tang KUALA LUMPUR (Reuters) -Thailand has delayed renewing a Southeast Asian multilateral power trade deal due to local political changes, Malaysia’s energy minister said on Friday. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy …
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda likely left Washington last week with little conviction that global headwinds will allow the central bank to raise interest rates as soon as this month, with finance officials from around the world warning of downside risks amid renewed U.S.-China trade tensions. But the resilience …
Bank of Japan’s Ueda keeps cards close to chest ahead of October meeting Read More »
By Karen Freifeld (Reuters) -U.S.-based electronic components distributor Arrow Electronics said on Saturday the U.S. government was reversing trade restrictions placed on Arrow’s China-based affiliates for facilitating the sale of U.S. components found in weaponized drones used by Iran-backed groups like the Houthis. Arrow (China) Electronics Trading Co and another Arrow entity with six aliases …
Arrow Electronics says that US trade curbs on its Chinese affiliates are being reversed Read More »
(Reuters) -A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions of dollars, industry leaders said on Sunday. The blaze broke out on Saturday afternoon in the import section of …
Fire at airport cargo complex disrupts Bangladesh’s garment exports Read More »
