Category Archives:
China to step up policy adjustments to steady economy
BEIJING (Reuters) - China will step up macroeconomic policy adjustments to stabilise the economy as challenges and risks increase, state media quoted the Politburo, a top decision-making body of the r...
Apr 28, 2022
Australia’s central bank enters political minefield as rate hike nears
By Wayne Cole SYDNEY (Reuters) - Australia's central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to antagonise one of the main po...
Apr 28, 2022
Gold up, but headed for worst month in seven on U.S. rate hike bets
By Bharat Gautam (Reuters) - Gold rose on Friday as worrying U.S. economic data rekindled some interest in the safe-haven metal, but was likely to log its biggest monthly drop since September on bets ...
Apr 28, 2022
Investment banks rush to cut yuan forecasts following rapid losses
SHANGHAI (Reuters) - Global investment houses have rushed to cut their yuan forecasts as China's currency heads for its worst month in decades, with optimism souring amid a domestic economic slowdown ...
Apr 28, 2022
RBA to raise rates to 0.25% on Tuesday, to end year at 1.50%
By Vivek Mishra BENGALURU (Reuters) - The Reserve Bank of Australia will raise interest rates for the first time in more than a decade on Tuesday and join a long list of central banks now expected to ...
Apr 28, 2022
China’s hotels brace for May holiday bust as COVID lockdowns weigh
By Sophie Yu and Brenda Goh BEIJING (Reuters) - For the Fengxi Inn guest house, China's annual May Day holiday is usually a sell-out period, with guests booking out its rooms weeks in advance due to i...
Apr 28, 2022
China’s PMI likely to show steeper factory activity decline in April – Reuters poll
BEIJING (Reuters) - The decline in Chinese factory activity likely steepened in April, a Reuters poll showed, as extensive lockdowns halted production and disrupted supply chains, boding ill for the e...
Apr 28, 2022
Musk told banks he will rein in Twitter pay, make money from tweets-sources
By Krystal Hu and Anirban Sen (Reuters) - Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social med...
Apr 28, 2022
Asia shares brace for worst month in 2 years on growth fears, dollar buoyant
By Alun John HONG KONG (Reuters) - Asian shares clung on to small gains on Friday thanks to a solid Wall Street session, but were still set for their worst month in two years, as China growth fears an...
Apr 28, 2022
China’s COVID policy in line with pursuing economic progress, expert says
BEIJING (Reuters) - China's "dynamic-zero" policy against COVID-19 is in line with pursuing economic progress, rather than in conflict with it, a senior health expert said on Friday. The battle agains...
Apr 28, 2022
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