Town Hall News

SYDNEY (Reuters) – Australian billionaire Mike Cannon-Brookes on Thursday stood by the economics of a plan to ship energy from a giant solar farm in the country’s north to Singapore via undersea cable as he took possession of the A$20 billion ($12.73 billion) project. Cannon-Brookes, the co-founder of tech firm Atlassian turned environmental activist, said he continued to believe outside investors would be drawn to the Sun Cable project, adding […]

BEIJING (Reuters) – China’s exports and imports fell in August, data showed on Thursday, as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world’s second-largest economy. While the trade numbers beat analysts’ expectations, they show China’s manufacturing sector remains under significant pressure and that policymakers will need to focus on boosting domestic demand to shore up growth, after export orders and imported parts […]

BEIJING (Reuters) – China’s exports and imports fell in August, data showed on Thursday, as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world’s second-largest economy. While the trade numbers beat analysts’ expectations, they show China’s manufacturing sector remains under significant pressure and that policymakers will need to focus on boosting domestic demand to shore up growth, after export orders and imported parts […]

By Stanley Widianto and Kate Lamb JAKARTA (Reuters) – World leaders were on Thursday set for a series of meetings on security and trade against a backdrop of simmering tensions and open conflicts in parts of the world, as an ASEAN-hosted summit in Indonesia entered its final day. U.S. Vice President Kamala Harris, Chinese Premier Li Qiang, and Russian Foreign Minister Sergei Lavrov are attending the summit led by the […]

By Stanley Widianto and Kate Lamb JAKARTA (Reuters) – World leaders were on Thursday set for a series of meetings on security and trade against a backdrop of simmering tensions and open conflicts in parts of the world, as an ASEAN-hosted summit in Indonesia entered its final day. U.S. Vice President Kamala Harris, Chinese Premier Li Qiang, and Russian Foreign Minister Sergei Lavrov are attending the summit led by the […]

(Corrects commodities data in paragraph 8) BEIJING (Reuters) -China’s exports and imports fell in August, data showed on Thursday, as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world’s second-largest economy. While the trade numbers beat analysts’ expectations, they show China’s manufacturing sector remains under significant pressure and that policymakers will need to focus on boosting domestic demand to shore up growth, after […]

(Corrects commodities data in paragraph 8) BEIJING (Reuters) -China’s exports and imports fell in August, data showed on Thursday, as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world’s second-largest economy. While the trade numbers beat analysts’ expectations, they show China’s manufacturing sector remains under significant pressure and that policymakers will need to focus on boosting domestic demand to shore up growth, after […]

BEIJING (Reuters) -Four of China’s major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home loans, reducing them to levels in place when a home was purchased. Industrial and Commercial Bank of China Ltd (ICBC), China Construction Bank Corp, Agricultural Bank of China and Bank of China issued separate statements announcing the planned reduction. The reduction will come into effect on Sept. […]

BEIJING (Reuters) -Four of China’s major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home loans, reducing them to levels in place when a home was purchased. Industrial and Commercial Bank of China Ltd (ICBC), China Construction Bank Corp, Agricultural Bank of China and Bank of China issued separate statements announcing the planned reduction. The reduction will come into effect on Sept. […]