HONG KONG (Reuters) -Hong Kong’s retail sales by value rose by 0.7% in June from a year earlier, the second consecutive month of gains, government data showed on Thursday. Sales increased to HK$30.1 billion ($3.8 billion). In May, retail sales rose 2.4% compared with the same month a year before. In volume terms, June retail …
Hong Kong June retail sales rise 0.7%, up for 2nd straight month Read More »
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The Bank of Japan revised up its inflation forecasts on Thursday and offered a less gloomy outlook on the economy than three months ago, keeping alive the possibility of a resumption in interest rate hikes this year. The central bank also cited persistent rises in food costs …
BOJ turns less gloomy on economy, keeps rate-hike chance alive Read More »
By Alun John and Naomi Rovnick LONDON (Reuters) -The pace of global rate cuts is slowing as the European Central Bank nears the end of its easing cycle, the U.S. Federal Reserve stays cautious about tariff-driven inflation and investors watch to see whether Britain speeds up from here. The Fed struck a hawkish tone on …
Big central bank rate cuts slow, tariffs and politics in focus Read More »
By Trevor Hunnicutt and Ju-min Park WASHINGTON/SEOUL (Reuters) -President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. South Korea also agreed to invest $350 …
Trump says US will set 15% tariff on South Korean imports under new deal Read More »
(Reuters) -The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan’s trade deal with the U.S. would help the economy avert a steep downturn. As widely expected, the central bank maintained short-term interest rates at 0.5% by a unanimous vote …
By Danial Azhar and Ashley Tang KUALA LUMPUR (Reuters) -The U.S. tariff rate on Malaysian goods will be announced on Friday, Malaysian Premier Anwar Ibrahim said on Thursday after speaking to U.S. President Donald Trump. Malaysia is facing a 25% tariff on its exports to the United States unless a deal with Washington is reached …
Malaysia PM says US tariff rate on Malaysian goods to be announced Friday Read More »
Seoul (Reuters) -Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a trade deal. While the agreement reduces auto tariffs from 25%, it removes the 2.5 percentage point …
South Korea automaker shares slip after US trade deal Read More »
SEOUL (Reuters) -South Korea and the United States said they reached a deal that would set U.S. tariffs on most South Korean goods at 15% in return for $350 billion in investment in the U.S. Officials, analysts, and companies in Seoul said the deal removed uncertainty. Here are some key quotes. SOUTH KOREAN PRESIDENT LEE …
By Helen Reid, Dominique Patton and Aishwarya Venugopal (Reuters) -From toys to sneakers and diapers, consumer goods are the focus of a range of company strategies to blunt the impact of U.S. tariffs – depending on the size of their customers’ wallets. Adidas said it could launch new products at higher prices in the U.S., …
Consumer companies confront tariff pricing dilemma Read More »
(Reuters) -A senior former executive at state-owned oil and gas major CNOOC Ltd has been expelled from the Communist Party and placed under investigation for serious violations of party discipline and the law, the Central Commission for Discipline Inspection on Wednesday. Guangyu Yuan, 66, retired as chief executive of CNOOC in September 2019 after reaching …
Former CNOOC executive expelled from Chinese Communist Party, watchdog says Read More »
