Reuters

NEW DELHI (Reuters) - Newly elected lawmakers of Prime Minister Narendra Modi's National Democratic Alliance (NDA) arrived in New Delhi on Friday for their first meeting at which he will be formally elected as their leader, ahead of presenting his claim to form a new coalition government.

Although Modi will become prime minister for a record-equalling third consecutive term, this is the first time his Hindu nationalist Bhartiya Janata Party (BJP) has... (continue reading...)

(Corrects to fix typographical error in forth paragraph)

By Joe Cash

BEIJING (Reuters) -China's exports grew more quickly and for a second month in May, suggesting factory owners are managing to find buyers overseas and providing some relief to the economy as it battles to mount a durable recovery.

The jury is still out, however, on whether the export sales are sustainable while a protracted property crisis has led to... (continue reading...)

BEIJING (Reuters) - China's trade surplus with the United States was $30.8 billion in May, customs data showed on Friday, widening from the $27.24 billion surplus in April.

The trade surplus with the United States stood at $128.2 billion for January-May.

(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)

BEIJING (Reuters) - China's exports rose 7.6% year-on-year by value in May, while imports increased 1.8%, customs data showed on Friday.

A Reuters poll of economists had forecast 6.0% growth in exports and a 4.2% increase in imports, compared with 1.5% and 8.4%, respectively, in the previous month.

Over recent months, a flurry of data has shown different parts of the $18.6 trillion economy recovering at varying speeds.

TOKYO (Reuters) - Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are considering selling 1.32 trillion yen ($8.5 billion) worth of strategic shareholdings in Toyota Motor, Bloomberg News reported on Friday, citing sources.

The two Japanese megabanks seek to sell into Toyota's share buybacks, Bloomberg said, citing people with knowledge of the matter.

($1 = 155.8100 yen)

(This story has been... (continue reading...)