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EU drops Hungary meeting over Ukraine war stance
BRUSSELS (Reuters) -The European Union's top diplomat, Josep Borrell, stripped Hungary on Monday of its role as host of an EU foreign ministers meeting in a sign of widespread anger in the bloc at Budapest's overtures to Russia about the war in Ukraine.
China's fiscal revenue shrinks 2.8% on year in first half
BEIJING (Reuters) - China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged weakness in domestic demand dampened the outlook for an economic recovery.
Taiwan June export orders miss forecast, China demand weakens
TAIPEI (Reuters) - Taiwan's export orders rose less than expected in June on weak demand from the island's top trading partner China and for laptops and mobile phones, even as chips saw continued strength from a boom in artificial intelligence (AI) applications.
Indian economic adviser backs more Chinese direct investment in annual report
NEW DELHI (Reuters) - India's annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased geopolitical tensions between New Delhi and Beijing since 2020.
China to extend tariff exemptions for some US imports until 2025
HONG KONG (Reuters) - China's finance ministry said on Monday it would extend tariff exemptions for the import of some US products until Feb. 28, 2025. (Reporting by Farah Master and the Beijing newsroom; Editing by Bernadette Baum)
China's revenue from government land sales down 18.3% year on year
BEIJING (Reuters) - China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday. Revenue from government land sales fell 18.3% year-on-year, compared with a 14% drop in the first five months of the year.
Vulnerabilities in non-banks leave door open to 'shocks', says G20 watchdog
LONDON (Reuters) -Patchy progress on implementing reforms to make money market funds and other types of "non banks" safer has left the global financial system vulnerable to more shocks, the G20's risk watchdog said on Monday.
India's inflation targeting framework must be re-examined, government report says
NEW DELHI (Reuters) - India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24 economic survey said on Monday.
EU's Borrell to discuss security, climate policy with Vietnam next week
HANOI (Reuters) - European Union foreign policy chief Josep Borrell will visit Vietnam next week to discuss how to boost cooperation with the Southeast Asian country in areas including security and sustainable development, the EU ambassador in Hanoi said.
UK stocks close higher as investors weigh corporate updates, US politics
(Reuters) -British stocks kicked off the week on a positive note following a slew of upbeat corporate updates, while investors weighed the impact of U.S. President Joe Biden's decision to end his re-election campaign.
Philippines says it to still assert South China Sea rights after resupply deal with China
MANILA (Reuters) -The Philippines will keep asserting its rights in the South China Sea after it reached a "provisional arrangement" with China about its resupply missions to the contested Second Thomas Shoal, the foreign ministry said on Monday.
China to allow delayed retirement to combat population woes
HONG KONG (Reuters) -China will gradually raise its statutory retirement age, now among the world's lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension budgets, with many provinces already facing deficits.
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
BEIJING (Reuters) - As imbalances in China's economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years.
Dolce&Gabbana CEO ready to open capital to new investors
MILAN (Reuters) - Dolce&Gabbana is ready to consider opening up its capital to new investors either through a listing or other routes, the Italian fashion house's CEO said. "We are now ready to consider opening our capital to third parties through a listing or other financial instruments," CEO Alfonso Dolce said in an interview published on Monday in Corriere della Sera's L'Economia weekly supplement.
India government somewhat cautious on economic outlook, sees growth of 6.5%-7%
NEW DELHI (Reuters) - India's government has taken a more cautious stance than private economists on the outlook for growth this fiscal year, predicting the world's fifth-largest economy will expand between 6.5% and 7%.
Amplats says on track to demerge in 2025, plans secondary London listing
JOHANNESBURG (Reuters) -South Africa's Anglo American Platinum (Amplats) expects its demerger from parent company Anglo American to be completed next year and is planning a secondary listing in London, its CEO said on Monday.
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