Category Archives:
Asia stocks gain as Fed hike bets recede, debt vote eases nerves
By Kevin Buckland TOKYO (Reuters) - Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill throug...
May 31, 2023
Asia’s factories struggle for momentum amid patchy recovery
By Leika Kihara TOKYO (Reuters) - Factories in Asia's largest economies stepped up a gear in May as supply chain problems eased, business surveys showed on Thursday, but sluggish global demand remaine...
May 31, 2023
McCarthy’s moment: Debt ceiling win secures Republican US House speaker’s standing
By David Morgan WASHINGTON (Reuters) - Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt c...
May 31, 2023
Sri Lanka cenbank unexpectedly cuts rates by 250 bps on improving inflation outlook
COLOMBO (Reuters) - Sri Lanka's central bank caught markets off-guard by cutting its key rates by 250 basis points on Thursday as inflation slowed at a faster-than-expected pace and the price outlook ...
May 31, 2023
Dollar retreats as Fed pause eyed; U.S. debt deal clears House
By Rae Wee SINGAPORE (Reuters) - The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets that the Federal Reserve will raise interest rates this month, t...
May 31, 2023
China’s factory activity swings to surprise growth in May – Caixin PMI
BEIJING (Reuters) - China's factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling ...
May 31, 2023
Australia business investment up 2.4% in Q1
SYDNEY (Reuters) - Australian business investment rose strongly in the March quarter, helped by a jump in spending on mining, manufacturing and transport, while firms remained upbeat about spending fo...
May 31, 2023
Australia says tougher laws needed on artificial intelligence
SYDNEY (Reuters) - Australia said on Thursday it planned to regulate artificial intelligence (AI) including a potential ban on deep fakes and realistic-looking but false content, amid concerns the tec...
May 31, 2023
UPDATE: US House passes debt ceiling deal as default threat looms
UPDATED 8:34 p.m. WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats ...
May 31, 2023
US House votes to suspend debt ceiling and avoid default
WASHINGTON (Reuters) - A majority of the U.S. House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government's $31.4 trillion debt ceiling, just five days before th...
May 31, 2023
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