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SHANGHAI/NEW YORK -- At 24 years old, Zhang Ru is not a target customer of the Shanghai community dining hall where she has become a regular. Clean and brightly lit, the eatery typically caters to the elderly with its cheap meals of stir-fried Chinese cabbage and braised pork belly.
SHANGHAI -- China's gross domestic product growth accelerated to 5.3% on the year in the January-March quarter, suggesting policy support measures are propelling the world's second-largest economy through persistent headwinds.
WASHINGTON (Reuters) -- Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for longer and further dashing investors' hopes for meaningful reductions in borrowing costs this year.
WASHINGTON (Reuters) -- Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank may need to keep interest rates higher for longer than previously thought, given what he called a "lack of further progress" this year towards the 2% inflation target.
China's economy in the first quarter grew faster than expected, official data released Tuesday by China's National Bureau of Statistics showed.
The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday.
SHANGHAI -- Chinese President Xi Jinping met German Chancellor Olaf Scholz on Tuesday, calling for a "long-term" and "strategic" approach to ties between the world's second- and third-largest economies amid rising geopolitical tensions and spiraling conflicts.
Tech Latest by Nikkei Asia brings you the newest updates from Asia's technology industry. In this episode, Jada Nagumo is talking with tech correspondents Annie Cheng Ting-Fang and Lauly Li, about the major earthquake that struck Taiwan earlier this month and its impact on the island's tech supply chains.