(Correct to add percentage indicator in headline) BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6% …
China’s Q1 property investment falls 5.8% year-on-year Read More »
(Reuters) -Taiwan will buy as many as 400 U.S. land-launched Harpoon missiles in the face of rising threat from China, Bloomberg News reported on Monday, citing a trade group’s leader and people familiar with the issue. The Pentagon announced a $1.17 billion contract for 400 of the anti-ship missiles on April 7 without naming the …
Taiwan to buy 400 US anti-ship missiles to face China threat -Bloomberg News Read More »
SHANGHAI (Reuters) – Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for …
BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year …
China Q1 GDP grew 4.5% year-on-year, above expectations Read More »
SYDNEY (Reuters) – Australia on Tuesday reaffirmed its commitment to improving agriculture ties with China after a ministerial meeting, as Canberra cheered progress made toward restoring trade in barley amid a thawing in diplomatic relations. Australia last week said it had reached an agreement with China to resolve their dispute over barley imports which followed …
Australia, China agriculture ministers meet amid diplomatic thaw Read More »
By Hyonhee Shin SEOUL (Reuters) – South Korea, the United States and Japan staged joint naval missile defence exercises on Monday to improve responses to North Korean threats, as Pyongyang accused Washington of ramping up “nuclear blackmail” with military drills. The three nations agreed at talks in Washington on Friday to hold regular missile defence …
S.Korea, US, Japan hold drills as N.Korea slams US ‘nuclear blackmail’ Read More »
By Deep Kaushik Vakil (Reuters) – Gold reversed course to slip below the key $2,000 level on Monday, pressured by a stronger dollar and higher Treasury yields, while investors looked for cues on whether the market will see a ‘one and done’ rate hike by the U.S. Federal Reserve in May. Spot gold was down …
Gold slides below $2,000, market eyes Fed rate hike cues Read More »
By Emma Farge and Gabrielle Tétrault-Farber GENEVA (Reuters) -A World Trade Organization panel said on Monday that India had violated global trading rules in a dispute with the European Union, Japan and Taiwan over import duties on IT products. “We recommend that India bring such measures into conformity with its obligations,” the WTO panel’s report …
WTO panel rules against India in IT tariffs dispute with EU, others Read More »
TOKYO (Reuters) -Japan’s Sega Sammy Holdings Inc said on Monday it planned to acquire Finland’s Rovio Entertainment Oyj for 706 million euros ($776 million) to bolster its mobile gaming business, sending Rovio shares soaring. Sega Sammy will offer 9.25 euros for each share of the company behind the mobile game Angry Birds, a 19% premium …
Sega Sammy in $776 million deal to buy Angry Birds maker Rovio Read More »
BENGALURU (Reuters) – Indian stockbroker Angel One Ltd reported a 30.4% rise in its quarterly profit on Monday, helped by a surge in trading volumes and orders. The company, which offers various trading apps, said its total client base rose 49.5% to 13.8 million during the three months ended March 31. Angel One’s consolidated profit …
India’s Angel One posts 30% jump in Q4 profit as orders spike Read More »
