Town Hall News

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 adds pressure on policymakers to shore up a shaky economic recovery. May’s expansion marked the slowest growth since February. Analysts polled by Reuters had expected output growth to cool to 3.6% from 5.6% in April. Retail sales, a key gauge of […]

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 adds pressure on policymakers to shore up a shaky economic recovery. May’s expansion marked the slowest growth since February. Analysts polled by Reuters had expected output growth to cool to 3.6% from 5.6% in April. Retail sales, a key gauge of […]

SHANGHAI/SINGAPORE (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 stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a sign that authorities are increasingly concerned about the economy’s fragility despite the dismantling of tough […]

SHANGHAI/SINGAPORE (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 stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a sign that authorities are increasingly concerned about the economy’s fragility despite the dismantling of tough […]

BEIJING (Reuters) -China’s new home prices rose for the fifth straight month in May, but at a slower pace, official data on Thursday showed, as the government looks to shore up the crisis-hit property sector. New home prices in May rose 0.1% month-on-month, slower than a 0.4% gain in March, according to Reuters calculations based on National Bureau of Statistics (NBS) data. The slower rise in home prices adds to […]

BEIJING (Reuters) -China’s new home prices rose for the fifth straight month in May, but at a slower pace, official data on Thursday showed, as the government looks to shore up the crisis-hit property sector. New home prices in May rose 0.1% month-on-month, slower than a 0.4% gain in March, according to Reuters calculations based on National Bureau of Statistics (NBS) data. The slower rise in home prices adds to […]

SHANGHAI/SINGAPORE (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 stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a sign that authorities are increasingly concerned about the economy’s fragility despite the dismantling of tough […]

SHANGHAI/SINGAPORE (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 stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a sign that authorities are increasingly concerned about the economy’s fragility despite the dismantling of tough […]

By Tom Balmforth KYIV (Reuters) – After a week of heavy fighting, the real tests of Kyiv’s counteroffensive lie ahead, with Ukrainian troops some distance from Russia’s main defensive line and the bulk of forces prepared for the push still on standby. Ukraine struck in two areas along the southeastern front last week as it began the main phase of its long-awaited operation, reporting seven retaken villages but also taking […]