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Dollar subdued ahead of key inflation data; sterling gains on wage growth
Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket […]
Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
BEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. The guidelines were mentioned in a cabinet document that was circulated among local governments, […]
Dollar subdued ahead of key inflation data; sterling gains on wage growth
Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket […]
Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
BEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. The guidelines were mentioned in a cabinet document that was circulated among local governments, […]
Dollar subdued ahead of key inflation data; sterling gains on wage growth
Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket […]
Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
BEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. The guidelines were mentioned in a cabinet document that was circulated among local governments, […]
Analysis-How an executive’s arrest struck a blow to Japan-China business
By Yukiko Toyoda, Kiyoshi Takenaka and Laurie Chen TOKYO/BEIJING (Reuters) -If Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping for the first time in a year later this week, he will likely raise the case of a detained company executive that has dealt an outsized blow to their close economic ties. The employee […]
Analysis-How an executive’s arrest struck a blow to Japan-China business
By Yukiko Toyoda, Kiyoshi Takenaka and Laurie Chen TOKYO/BEIJING (Reuters) -If Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping for the first time in a year later this week, he will likely raise the case of a detained company executive that has dealt an outsized blow to their close economic ties. The employee […]
Analysis-How an executive’s arrest struck a blow to Japan-China business
By Yukiko Toyoda, Kiyoshi Takenaka and Laurie Chen TOKYO/BEIJING (Reuters) -If Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping for the first time in a year later this week, he will likely raise the case of a detained company executive that has dealt an outsized blow to their close economic ties. The employee […]
Foxconn books surprise quarterly profit rise, has conservative outlook for 2024
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Apple Inc supplier Foxconn logged a surprise 11% increase in third-quarter profit, helped by gains in non-operating income but reiterated revenue was set to fall slightly for the year. For 2024, the world’s largest contract electronics maker has a “relatively conservative and neutral” outlook, its chairman, Young […]
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