After jumbo Fed rate cut, market hopes ride on US soft landing

One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly.
19 September 2024, 05:52 AM

China urges more economic cooperation with UK

China is ready to boost economic ties with the United Kingdom, Vice Premier He Lifeng said Wednesday, state media reported, as part of a diplomatic thaw following years of frosty relations
19 September 2024, 05:45 AM

Cash-strapped Sri Lanka eyes China development

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend
18 September 2024, 06:34 AM

US retail sales see slight rise, beating expectations

US consumer spending rose only slightly in August, government data showed Tuesday, with consumers appearing to shift towards essentials in the face of high interest rates
18 September 2024, 06:16 AM

As Fed cuts loom, health of US economy could determine markets' path

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the US economy.
17 September 2024, 05:52 AM

Intel delays Germany, Poland chip factories for two years

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.
17 September 2024, 05:48 AM

India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
15 September 2024, 05:08 AM

US Fed expected to announce its first interest rate cut since 2020

The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.
15 September 2024, 05:01 AM

India sharply raises import tax on edible oils to support farmers

India has raised the basic import tax on crude and refined edible oils by 20 percentage points
14 September 2024, 08:04 AM

Cash-strapped Maldives says no need for IMF bailout

The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default
14 September 2024, 07:48 AM

US moves to curb 'trade loophole' over China worries

The US government said Friday it will work to curb the "overuse and abuse" of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments
14 September 2024, 06:09 AM

China retail sales, industrial production slow in August

Chinese retail sales and industrial production growth slowed in August, official data showed Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers' reluctance to spend
14 September 2024, 06:03 AM

Kenya court halts Adani airport deal

Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
14 September 2024, 05:49 AM

With inflation slowing, ECB to cut rates again

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves
12 September 2024, 05:54 AM

China slams Canadian tariff proposal as 'dangerous'

China's Commerce Ministry on Wednesday called Canada's intention to impose further tariffs on its batteries, tech products and critical minerals "dangerous," according to state media
12 September 2024, 05:07 AM

Optimism of US firms in China at record lows: report

American firms in China are grappling with an unprecedented web of challenges, a business group said Thursday, as economic woes and geopolitical tensions drag optimism and profitability to all-time lows
12 September 2024, 05:02 AM

Zara owner Inditex posts record profit for first half

Zara owner Inditex, the world's biggest fashion retailer, posted a record net profit for the first half of the year on Wednesday, despite slower sales growth.
11 September 2024, 06:52 AM

Boeing August MAX deliveries to China highest since 2018

Corrects to say the August China MAX deliveries were highest since December 2018, not December 2019, with error due to incorrect information from Boeing. Headline has been corrected, along with story
11 September 2024, 05:41 AM

EU business lobby head says 'enormous waste' in Chinese EV sector

Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.
11 September 2024, 05:36 AM

China coal production threatens climate goals: study

China's planned expansion of coal mining threatens the country's climate goals and risks vastly increasing its methane emissions, a study warned on Tuesday
10 September 2024, 11:46 AM