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Ex-head of PBOC urges China to deepen reforms, limit government role in economy Jun 7, 2024 06:19AM

BEIJING (Reuters) - China should deepen reforms to let market forces play a decisive role in the economy while limiting the state's role, Yi Gang, former governor of the People's Bank of China (PBOC), said in remarks published on Friday ahead of a key meeting on reforms.

The ruling Communist Party's Central Committee gathers next month for a meeting known as a plenum, the third since the body of elite decision-makers was elected in 2022, focusing on... (continue reading...)


Ukraine has right to strike targets in Russia, NATO's Stoltenberg says Jun 7, 2024 06:18AM

BERGA, Sweden (Reuters) - Ukraine has the right according to international law to attack legitimate military targets in Russia to defend itself, NATO Secretary General Jens Stoltenberg said during a visit to new alliance member Sweden on Friday.

"Ukraine has the right to self defence," Stoltenberg told a news conference with Swedish Prime Minister Ulf Kristersson at a military base near Stockholm.

"The right to self defence also includes... (continue reading...)


Futures steady as markets brace for jobs data Jun 7, 2024 06:14AM

(Reuters) - U.S. stock index futures were little changed on Friday, as investors awaited a crucial employment report for confirmation that growing slackness in the U.S. labor market meant the Federal Reserve has more room to reduce interest rates.

The benchmark S&P 500 and the Nasdaq closed Thursday's session slightly lower, dragged by falling technology stocks despite touching intraday record highs in early trading.

Some megacap... (continue reading...)


Pakistan Prime Minister Sharif meets China's Xi in Beijing ahead of IMF talks Jun 7, 2024 06:10AM

BEIJING (Reuters) - China's President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing on Friday, Chinese state media reported, days before Pakistan presents its annual budget and applies for a new International Monetary Fund (IMF) loan.

Pakistan's location on the Arabian Sea gives it strategic importance for China, providing an overland route out towards the Gulf of Aden and onto the Suez Canal, and enabling Chinese ships to avoid the... (continue reading...)


Exclusive-US House committee grills Carney, Schapiro in push against climate coalitions Jun 7, 2024 06:10AM

By Isla Binnie and Virginia Furness

(Reuters) - A U.S. lawmakers' committee conducted interviews with two Glasgow Financial Alliance for Net Zero (GFANZ) leaders, former central bank governor Mark Carney and former U.S. Securities and Exchange Commission Mary Schapiro, in an escalation of their push against global coalitions to tackle climate change.

The House of Representatives' judiciary committee, which is controlled by Republicans led... (continue reading...)


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