China’s Nov industrial profits narrow decline but demand remains soft
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery. The world’s second-largest economy has been struggling…
India’s widening bank liquidity deficit warrants more measures, traders say
By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection. The banking system’s liquidity shortfall has jumped to its highest level in…
China says new housing metrics behind upward revision to 2023 GDP
BEIJING (Reuters) – China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact…
China’s fast-expanding commercial space sector logs rare rocket failure
BEIJING (Reuters) – CAS Space, one of China’s leading commercial rocket firms, said its Lijian-1 rocket unexpectedly failed on Friday, marking the first setback for the company’s main launch vehicle since its inaugural flight in 2022. Until now, CAS Space,…
Japan says its economy likely to mark first positive output gap in 7 years
TOKYO (Reuters) – Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market. Japan’s…
Russia’s inflation reaches 9.5% this year, weekly data shows
MOSCOW (Reuters) – Russia’s inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday. This…