By Tingshu Wang, Laurie Chen, Kevin Yao and Farah Master
BEIJING/HONG KONG (Reuters) - After three decades selling homemade buns on the streets of the Chinese city of Xian, 67-year-old Hu Dexi would have liked to slow down.
Instead, Hu and his older wife have moved to the edge of Beijing, where they wake at 4 a.m. every day to cook their packed lunch, then commute for more than an hour to a downtown shopping mall, where they each earn... (continue reading...)
MANILA (Reuters) - The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday.
Imports fell 20% to $9.3 billion in March from a year earlier, the biggest drop since a 20.8% drop in July 2020, while exports fell 7.3% to $6.13 billion, the Philippine Statistics Authority said.
(Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair)
By Rae Wee
SINGAPORE (Reuters) - The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high.
The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its... (continue reading...)
By Nidal al-Mughrabi, Steve Holland and Mohammad Salem
CAIRO/WASHINGTON/RAFAH, Gaza Strip (Reuters) - The United States believes the remaining differences between Israel and Hamas can be bridged in negotiations over the Palestinian militant group's latest ceasefire proposal, as talks resume in Cairo on Wednesday.
Israeli forces on Tuesday seized the main border crossing between Gaza and Egypt in Rafah, the southern Gaza city where more... (continue reading...)
WASHINGTON (Reuters) - Two Republican lawmakers said they believe the security clearance of Rob Malley, who is on unpaid leave from his post as U.S. special envoy for Iran, was suspended because he allegedly sent classified documents to his personal email account and downloaded them to his personal mobile phone.
Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, and House Foreign Affairs Committee Chairman Michael McCaul... (continue reading...)
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