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Resale home prices drop at faster pace in China, private survey shows

BEIJING (Reuters) -China’s resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed on Tuesday. Resale home prices dropped 0.75% in June, compared with a ...
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Asian factories hobbled by US tariff risks despite modest relief

By Leika Kihara TOKYO (Reuters) -Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region’s gloomy economic recovery prospects. The underlying softness ...
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Goldman Sachs expects Fed to deliver three rate cuts in 2025

(Reuters) -Goldman Sachs expects the U.S. Federal Reserve to deliver three quarter-point interest rate cuts this year, the Wall Street brokerage said on Monday, citing muted tariff effects and labor market weakness. It expects three consecutive 25-basis-point cuts in September, October and December, against its ...
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Japanese manufacturers are slightly more optimistic despite Trump tariff worries

TOKYO (AP) — Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan’s central bank released Tuesday, although worries persist over President Donald Trump’s tariffs. The Bank of Japan’s quarterly tankan survey said an index for large manufacturers rose to ...
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Japan’s business mood holds up but US tariff worries grow, survey shows

By Leika Kihara TOKYO (Reuters) -Confidence among large Japanese manufacturers improved in the three months to June, a central bank survey showed, as firms maintained their bullish long-term spending plans, unfazed by the immediate potential hit from steep U.S. tariffs. However, manufacturers slashed their profit estimates ...
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An ancient village in the Himalayas ran out of water. Then, it moved and started over

SAMJUNG, Nepal (AP) — The Himalayan village of Samjung did not die in a day. Perched in a wind-carved valley in Nepal’s Upper Mustang, more than 13,000 feet (3,962 meters) above sea level, the Buddhist village lived by slow, deliberate rhythms — herding yaks and ...
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After screwworm scare, US-Mexico border set to reopen for cattle imports

MEXICO CITY (AP) — Mexico and the United States said they would gradually reopen the United States border to cattle imports from Mexico in July after U.S. agriculture officials suspended them in May over fears of the northward spread of the screwworm, agriculture officials ...
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Asian shares rise, dollar weaker as US bill debate lingers; gold jumps

By Rocky Swift TOKYO (Reuters) -Asian shares crept higher and the dollar languished near multi-year lows on Tuesday as markets awaited a vote over U.S. President Donald Trump’s landmark tax and spending legislation. Global shares reached an intraday record on Monday on trade optimism, but a ...
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China’s factory activity returns to growth in June, Caixin PMI shows

BEIJING (Reuters) -China’s factory activity returned to expansion in June, supported by an increase in new orders that lifted production, a private-sector survey showed on Tuesday. The Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts’ expectations in a ...
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Dollar feeble as Trump’s tax bill and tariffs weigh

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar languished at its weakest against the euro since September 2021 on Tuesday, as President Donald Trump’s spending bill stoked fiscal worries and uncertainty around trade deals continued to weigh on sentiment. Investors have also started wagering ...
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South Korea exports rebound on tech boost but US tariffs hit other sectors

By Jihoon Lee SEOUL (Reuters) -South Korea’s exports rebounded in June driven by strong tech demand, though shipments to the United States and China remained weak as Seoul warned that economic risks will persist through the remainder of 2025 due to uncertainty over U.S. tariffs. ...
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Oil edges down on expectations of more OPEC+ supply, tariff fears

By Anjana Anil (Reuters) -Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs. Brent crude futures for September delivery fell 16 cents, or 0.24%, to $66.58 ...
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