By Leika Kihara TOKYO (Reuters) -Sanae Takaichi, Japan’s minister in charge of economic security and a leading candidate in the ruling party’s leadership race, said on Saturday the central bank should maintain ultra-low interest rates to support the fragile economic recovery. “Frankly, it was too early,” she told a news conference gathering the nine candidates …
Japan’s PM hopeful Takaichi warns BOJ against raising rates Read More »
By Kevin Yao, Ellen Zhang and Ethan Wang BEIJING (Reuters) -China’s industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering the case for aggressive stimulus to shore up the economy and help it hit its annual growth target. The sluggish data released on Saturday …
Downbeat China factory output, retail sales add to urgency for stronger stimulus Read More »
BEIJING (Reuters) -China’s coal output rose 2.8% in August from a year earlier, statistics bureau data showed on Saturday, on higher thermal power generation and robust chemical industry demand. The world’s largest coal producer mined 396.55 million metric tons of the fuel last month, according to the National Bureau of Statistics data on Saturday. That …
China’s August coal output up on more power, chemical demand Read More »
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices. The U.S. Trade Representative’s office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on …
US locks in steep China tariff hikes, some industries warn of disruptions Read More »
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector. New home prices were down 5.3% from a year earlier, the fastest pace …
China new home prices fall at fastest pace in over 9 years in Aug Read More »
By Amy Lv and Colleen Howe BEIJING (Reuters) – China’s crude steel output in August fell 6.1% from July, a third straight month of declines, as steelmakers grappled with losses from a decline in steel prices. The world’s largest steel producing country made 77.92 million metric tons of crude steel last month, data from the …
China August crude steel output slumps as mills grapple with losses Read More »
By Ben Blanchard TAIPEI (Reuters) -Taiwan’s defence ministry said on Friday it was aiming for delivery of the first new F-16V fighter jets by the end of this year, blaming “acute fluctuations” in the international situation for delays in the island receiving them. The United States in 2019 approved an $8 billion sale of Lockheed …
Taiwan hopes delayed F-16s start arriving by end of this year Read More »
By Alexandra Alper, Echo Wang and Karen Freifeld WASHINGTON (Reuters) – A powerful U.S. national security panel reviewing Nippon Steel’s $14.9 billion bid for U.S. Steel faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said. The Committee on Foreign Investment in the …
Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say Read More »
(Reuters) – Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile companies are trying to test investor appetite for IPOs following a prolonged downturn due to rising interest rates and geopolitical turmoil. The …
Chinese courier delivery firm BingEx files for US IPO Read More »
By David Shepardson WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold oral …
TikTok faces crucial court hearing that could decide fate in US Read More »
