WELLINGTON (Reuters) -The FBI has opened a standalone office in New Zealand's capital in part to improve the United States and New Zealand's ability to counter China's presence in the Pacific region, FBI Director Kash Patel said on Thursday.
Patel said in a statement that opening a dedicated law enforcement attache office in Wellington would strengthen and enhance Washington's longstanding co-operation with one of its key partners in the southwestern... (continue reading...)
TOKYO (Reuters) -The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan's trade deal with the U.S. would help the economy avert a steep downturn.
As widely expected, the central bank maintained short-term interest rates at 0.5% by a unanimous vote at the two-day policy meeting that ended on Thursday.
In a quarterly outlook report, the... (continue reading...)
SYDNEY (Reuters) -Australia’s parliament on Thursday passed a law to cut student loans by 20%, wiping more than A$16 billion ($10.31 billion) in debt for 3 million people, and fulfilling a key election promise to help mitigate the rising cost of living.
The law is the first passed by Prime Minister Anthony Albanese’s centre-left Labor Party since being re-elected in May with one of the country's largest-ever majorities.
“We promised cutting... (continue reading...)
By Gregor Stuart Hunter
SINGAPORE (Reuters) -Asian equities slipped on Thursday after weaker-than-expected Chinese activity data and a plunge in copper prices, while investors weighed a trade deal between South Korea and the U.S.
The dollar held near a two-month high as investors weighed a Federal Reserve decision to hold rates steady and strong earnings from megacap tech firms.
Nasdaq futures surged 1.2% higher after... (continue reading...)
SYDNEY (Reuters) -Australian retail sales surged in June as the launch of Nintendo's Switch 2 and discounting at the end of the financial year drew consumers back to the shops, though sales volumes for the second quarter as a whole were subdued.
Raising hopes that a long-awaited recovery in consumption could be on the way, retail sales jumped 1.2% in June from May, when they rose 0.5%, data from the Australian Bureau of Statistics showed.
... (continue reading...)More Reuters
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