Town Hall News

By Pavel Polityuk and Gleb Garanich KYIV (Reuters) -Russia launched about 15 cruise missiles at Ukraine’s capital on Tuesday, the second attack in as many days, with air defence systems shooting all of them down, officials said, after air raid alerts blared over most of the country. “As at the front, the plans of the aggressor failed,” Serhiy Popko, head of the Kyiv’s city military administration, said in comments posted […]

By Pavel Polityuk and Gleb Garanich KYIV (Reuters) -Russia launched about 15 cruise missiles at Ukraine’s capital on Tuesday, the second attack in as many days, with air defence systems shooting all of them down, officials said, after air raid alerts blared over most of the country. “As at the front, the plans of the aggressor failed,” Serhiy Popko, head of the Kyiv’s city military administration, said in comments posted […]

By Joe Cash BEIJING (Reuters) -China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by 7.9% year on year, while exports grew by 8.5% in the same period after an […]

BEIJING (Reuters) – Chinese President Xi Jinping’s recent call with Ukraine President Volodymyr Zelenskiy was a very positive step, the European Union ambassador to China said on Tuesday, while urging greater efforts to achieve peace. Xi’s hour-long call with Zelenskiy for the first time since Russia’s invasion of Ukraine, fulfilled one of Kyiv’s long-standing goals, which it had publicly sought for months. “We would like China to go further and […]

By Rae Wee SINGAPORE (Reuters) – The dollar inched higher on Tuesday after a loans survey showed U.S. credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on expectations that the Bank of England will raise interest rates this week. In Asia, trade data released on Tuesday showed that China’s imports dropped 7.9% in April from a year earlier, while exports grew at a […]

By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by 7.9% year on year, while exports grew by 8.5% in the same period after […]

By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by 7.9% year on year, while exports grew by 8.5% in the same period after […]

By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by 7.9% year on year, while exports grew by 8.5% in the same period after […]

By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday the central bank will end its yield curve control policy and then start shrinking its balance sheet, once prospects heighten for inflation to sustainably hit its 2% target. Speaking in parliament, Ueda said Japan’s economy was picking up and inflation expectations remain at high levels. “We’re seeing some positive signs in trend inflation, including inflation […]