JAKARTA (Reuters) – Indonesia’s inflation rose slightly in December and remained above the central bank’s target range for the seventh straight month, official data showed on Monday. The headline annual inflation rate picked up to 5.51% in December, compared with 5.42% in November and 5.39% expected by analysts polled by Reuters. Bank Indonesia’s inflation target …
Indonesia’s Dec inflation inches up to 5.51% y/y Read More »
BEIJING (Reuters) – China Energy Investment Corporation said on Monday China’s National Development and Reform Commission in Qinghai province has approved a hydro power plant worth 17 billion yuan ($2.46 billion) on Dec. 30 in the province. The plant is a so-called pumped storage hydropower facility that is used to pump water from a lower …
China approves 17 billion yuan hydro power plant in Qinghai province Read More »
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global purchasing managers’ index (PMI) for South Korea manufacturers fell to a …
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI Read More »
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global purchasing managers’ index (PMI) for South Korea manufacturers fell to a …
South Korea December factory activity weakens on demand slump, trucker strike Read More »
MANILA (Reuters) -Philippine authorities halted flights in and out of Manila on New Year’s Day due to a malfunction of air traffic control, which also prevented airlines bound to other destinations from using the country’s airspace. A total of 282 flights were either delayed, cancelled or diverted to other regional airports, affecting around 56,000 passengers …
Power outage forces Philippines to suspend flights, shut airspace Read More »
BEIJING (Reuters) -China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines across the country after Beijing’s abrupt reversal of anti-virus measures. The official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau …
China Dec manufacturing contracts sharply as COVID infections soar Read More »
By Dan Burns (Reuters) -For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher …
Global economy faces tougher year in 2023, IMF’s Georgieva warns Read More »
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken spoke with incoming Chinese Foreign Minister Qin Gang over the phone on Sunday, Blinken said on Twitter, after China last week appointed its ambassador to the United States to be its new foreign minister. Blinken said he discussed the U.S.-China relationship and maintaining open lines of …
Blinken discussed U.S.-China relationship in call with China’s Qin Read More »
By Martin Quin Pollard, Xiaoyu Yin and Tingshu Wang WUHAN (Reuters) -Thousands of Chinese took to the streets to mark the New Year as authorities and state media sought to reassure the public that the COVID-19 outbreak sweeping across the country was under control and nearing its peak. Though many people in major cities have …
Chinese state media seek to reassure public over COVID-19 Read More »
By Hyonhee Shin and Joyce Lee SEOUL (Reuters) -North Korean leader Kim Jong Un called for developing new intercontinental ballistic missiles and a larger nuclear arsenal to counter U.S.-led threats, state media said on Sunday, amid flaring tension between the rival Koreas. At a meeting of the ruling Workers’ Party, Kim highlighted the need to …
North Korea’s Kim orders new ICBM, bigger nuclear arsenal amid tension Read More »
