SHANGHAI (Reuters) -China is widely expected to leave its benchmark lending rates unchanged at a monthly fixing on Monday, a Reuters survey showed, as signs of economic resilience reduced the urgency for further monetary easing.
The loan prime rate (LPR), normally charged to banks' best clients, is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC).
In a Reuters survey of 20... (continue reading...)
TAIPEI (Reuters) -Taiwan does not seek conflict with China and will not provoke confrontation, but Beijing's "aggressive" military posturing was counterproductive, Vice President Hsiao Bi-khim said on Friday.
China considers democratic Taiwan as part of its own territory and calls President Lai Ching-te a "separatist". Taiwan's government disputes China's claim.
Speaking to the Taiwan Foreign Correspondents' Club in the capital Taipei, Hsiao... (continue reading...)
MANILA (Reuters) -Philippine President Ferdinand Marcos Jr will visit the United States next week with a clear message to President Donald Trump that the Philippines must become economically stronger if it is to serve as a truly robust partner, an official said on Friday.
The visit, the first by an ASEAN head of state since Trump took office in January, will focus on economic cooperation, with Marcos expected to discuss concerns over proposed U.S. tariffs... (continue reading...)
BEIJING (Reuters) -China's central bank governor Pan Gongsheng met Bank of America's president of international business Bernard Mensah earlier this week to discuss economic and financial matters, the People's Bank of China said in a statement on Friday.
The Tuesday meeting included an exchange of views on the global economic and financial situation, China's macroeconomic policies, and its financial markets, the PBOC said.
FRANKFURT (Reuters) -Building permits for apartments in Germany fell 5.3% in May from a year earlier, statistics office data showed on Friday, as the nation's troubled property industry continues to struggle.
The drop is a setback after some improvements earlier this year. The nation's property sector has been in a funk since 2022.
"The hope was recovery, but the reality is unchanged: no momentum," said Aygul Ozkan, CEO of the property... (continue reading...)
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Japan's markets brace for election impact on JGBs, yen
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Japan's markets brace for election impact on JGBs, yen
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Japan's markets brace for election impact on JGBs, yen
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Japan's markets brace for election impact on JGBs, yen
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Japan's markets brace for election impact on JGBs, yen
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