By David Brunnstrom and Karen Lema
WASHINGTON/MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. meets U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.
Marcos will be the first Southeast Asian leader to meet Trump in his second term. Trump has already struck trade deals with two of Manila's regional partners, Vietnam and Indonesia,... (continue reading...)
By John Geddie and Tim Kelly
TOKYO (Reuters) -Japanese premier Shigeru Ishiba vowed to stay on after his ruling coalition suffered a bruising defeat in upper house elections on Sunday as some of his own party discussed his future and the opposition weighed a no-confidence motion.
In a series of televised remarks as the results came in on Sunday evening, Ishiba told reporters he would remain as prime minister, citing a looming tariff deadline... (continue reading...)
SEOUL (Reuters) -South Korea's new industry minister Kim Jung-kwan said on Monday that tariff talks with the U.S. are in a critical phase that could result in all kinds of possible scenarios, according to the ministry.
Kim pledged an all-out effort to smoothly wrap up the talks as August 1, the date when the U.S. has said its "reciprocal" tariffs will take effect, approaches, the ministry said.
South Korea's national security adviser, Wi... (continue reading...)
HANOI (Reuters) -Vietnam's Prime Minister put coastal provinces on emergency footing for Typhoon Wipha, saying it could cause flooding and landslides, as airlines cancelled flights ahead of the storm's expected landfall early on Tuesday.
Wipha is expected to complicate the search for people still missing after a tourist boat capsized during a thunderstorm in Halong Bay in northern Vietnam on Saturday, killing more than 30 people.
The... (continue reading...)
SYDNEY (Reuters) -The Reserve Bank of New Zealand (RBNZ) said on Monday its sectoral factor model of core inflation was 2.8% year-on-year in the second quarter, down from 2.9% in the prior quarter.
The country's official statistics agency earlier in the day released figures that showed annual inflation came in at 2.7% in the second quarter, its highest in a year, leading markets to narrow the odds on a rate cut next month given weakness in the broader... (continue reading...)
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