By Stella Qiu SYDNEY (Reuters) -Australian employment blew past expectations in May, while the jobless rate edged lower and participation rate climbed to a record high, an extraordinarily strong repor[...]
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June 15, 2023
BofA expects two more interest rate hikes from Fed, growth in Q4
(Reuters) – BofA Global Research said it now expected two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year, taking its terminal rate forecast to 5.5% to[...]
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China pushes platform firms to protect consumer, vendor rights
BEIJING (Reuters) – China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers an[...]
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China’s May factory output, retail sales growth miss expectations
BEIJING (Reuters) – China’s industrial output rose 3.5% in May from a year earlier, official data showed on Thursday, slightly missing expectations, as faltering demand at home and abroad[...]
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Japan exports grow unexpectedly on solid car sales, global demand still uneven
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed to a crawl as inflation and rising inte[...]
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Australian state bans PwC from new tax contracts for three months
SYDNEY (Reuters) – An Australian state on Thursday imposed a three-month ban on PricewaterhouseCoopers’ (PwC) local unit from receiving new tax-related contracts – the latest repercu[...]
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China’s slower home price growth, deepening investment slump signal more easing
BEIJING (Reuters) -China’s new home prices rose at a slower pace in May, while the steepest slump in property investment in over two decades underlined the depth of demand problems in the crisis[...]
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Analysis-In China’s lithium hub, mining boom comes at a cost
By Siyi Liu and Dominique Patton YICHUN, China (Reuters) – Down a steep dirt road from the Baishi Huashan lithium mine in southern China, trucks laden with silvery grey ore rumble towards a clus[...]
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China cuts medium-term lending rates as economy sputters
SHANGHAI (Reuters) – China’s central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday, in line with expectations, as Beijing ramps up[...]
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