By Kevin Yao, Joe Cash and Yukun Zhang BEIJING (Reuters) – China’s factory output and retail sales reported their weakest growth since last year in August, keeping pressure on Beijing to roll out more stimulus to fend off a sharp slowdown in the world’s second-largest economy. The disappointing data split economists over whether policymakers would …
China’s economy slumps in August, casts doubt on growth target Read More »
TAIPEI (Reuters) -Taiwan’s central bank is likely to maintain its policy interest rate this week and keep it steady through the first quarter of 2026 because of the strong performance of the tech-focused economy, according to economists in a Reuters poll. In June, the central bank left the benchmark discount rate at 2%, as expected. …
Taiwan likely to hold rates steady with economy buoyant for now: Reuters poll Read More »
By Jihoon Lee and Ju-min Park SEOUL (Reuters) – South Korea’s top trade envoy, Yeo Han-koo, is heading to the United States on Monday for follow-up tariff negotiations, the trade ministry said, as the countries struggle to overcome obstacles to finalise a trade deal agreed in July. Details of the broad trade agreement still need …
South Korea’s top trade envoy heading to US amid stalled trade talks Read More »
(Corrects typo in paragraph 1) SEOUL (Reuters) – The chairman of South Korean K-pop agency HYBE said on Monday he will cooperate with a police investigation into allegations he conducted illicit stock transactions. Bang Si-hyuk, who made the remarks to reporters when he arrived at a police office for questioning, said he was sorry “to …
HYBE chairman says to cooperate with probe into alleged unfair share trading Read More »
BEIJING (Reuters) -China’s coal output fell by 3% year-on-year in August, statistics bureau data showed on Monday, as curbs on production continued to weigh. Output was 390.5 million metric tons, down from a year earlier but up from July’s 380.99 million tons, which was the lowest level for a month in over a year. Mines …
China’s coal output falls 3% in August on production curbs Read More »
BEIJING (Reuters) -Property investment in China fell 12.9% in the first eight months of the year from the same period last year, following a 12% drop in the January-to-July period, official data showed on Monday. Property sales by floor area declined 4.7% year-on-year, compared with a 4.0% drop in the first seven months. New construction …
China’s property investment falls 12.9% y/y in January-August Read More »
By David Shepardson and Nandita Bose WASHINGTON (Reuters) – The Trump administration is expected to again extend a September 17 deadline for China’s ByteDance to divest the U.S. assets of short-video app TikTok or shut it down, a source familiar with the matter told Reuters. It would be the fourth reprieve granted by President Donald …
Trump seen again pushing deadline on TikTok sale or divestment, source says Read More »
By Casey Hall SHANGHAI (Reuters) -China’s leaders have pledged to put an end to aggressive price cuts by some Chinese companies which regulators say are spurring excessive competition that is damaging the economy. The so-called “anti-involution” campaign has been sparked by overcapacity among Chinese manufacturers – a legacy of past government efforts to stimulate the …
Explainer-What is “involution”, China’s race-to-the-bottom competition trend? Read More »
By David Lawder MADRID (Reuters) – U.S. and Chinese officials concluded a first day of talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short-video app TikTok, amid Washington’s demands that its allies place tariffs on imports from China over its purchases of Russian oil. U.S. Treasury Secretary …
US, China end first day of talks in Spain on trade, TikTok deadline Read More »
(Reuters) – Brookfield Asset Management is in talks to buy Yes! Communities, a U.S. company that manages manufactured homes, from Singaporean sovereign wealth fund GIC for more than $10 billion, the Financial Times said on Sunday, citing unnamed sources. Reuters could not immediately verify the report. GIC declined to comment. Brookfield Asset Management and Yes! …
