News & Analytic Centre

HONG KONG, May 16 Reuters Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a protracted property crisis. Hong Kong39;s Hang Seng Mainland Properties Index closed up 4.9 to the highest since Nov […]

BERLIN, May 16 Reuters High energy costs, weak global demand, a disruptive shift towards netzero economies, and growing competition from China are raising existential questions for Germany39;s economic model. CEOs and business lobbies say its historically strong industrial base is close to cracking, a deindustrialisation risk often accompanied by calls for government support. But how real is […]

Unemployment pops up to 4.1 in April, above forecasts Employment rises 38,500, but lags growth in workforce Markets price out rate hike, see chance of cut this year SYDNEY, May 16 Reuters Australian employment rose by more than expected in April, data showed on Thursday, but the jobless rate still climbed to a threemonth top […]

TOKYO, Reuters Japan39;s three biggest banks forecast record income in the coming year on Wednesday, signalling increased optimism about an economy that has only just exited from years of negative interest rates. The results from Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group also show how Japanese banks are benefiting from higher interest rates […]

SEOUL, May 16 Reuters South Korea39;s staterun think tank on Thursday raised its economic growth forecast for this year and said inflation is expected to ease at a slightly slower pace, as it noted the need for gradual easing of monetary policy. In its biannual economic forecast, the Korea Development Institute KDI projected the economy […]

US imports from Vietnam largely match Vietnam imports from China Vietnam has huge trade surplus with US, relies on China input Vietnam is most sanctioned country in US over Xinjiang ban HANOI, May 16 Reuters As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which […]

Japan39;s Q1 GDP falls faster than expected Consumption, capex both fall more than expected Thrifty consumers, geopolitical factors among risks to outlook Data creates doubts about timing of BOJ rate hikes analysts TOKYO, May 16 Reuters Japan39;s economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing […]

FRANKFURT, May 16 Reuters Commercial property has become the weak link of the euro zone39;s financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report showed on Thursday. Commercial real estate CRE companies have been hit by a triple whammy of higher borrowing costs, falling demand for office space in the […]