Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content TOKYO — Japanese shares rose on Monday, catching the tailwind from a bounce on Wall Street, as upbeat corporate earnings lifted risk appetite and prompted investors to scoop up stocks. The Nikkei jumped 0.99% to 28,830.90 by the midday break. The benchmark extended gains after hitting a …

Breadcrumb Trail Links PMN Business Author of the article: Article content TOKYO — The risk-sensitive Australian and New Zealand dollars retreated from near two-month highs against the greenback on Monday due to dissappointing data from China, a key trading partner, while the Chinese yuan weakened after a surprise cut in interest rates. The greenback edged higher as traders continued to …

Article content BEIJING — China’s primary aluminum production rose 5.6% to a record monthly high at 3.43 million tonnes in July from a year earlier, with smelters ramping up production as power restrictions were eased. July’s output was up 1.2% from 3.39 million tonnes in the prior month, according to data released by the National Bureau of Statistics on Monday. …

Breadcrumb Trail Links PMN Business Author of the article: Article content BEIJING — China’s economy unexpectedly slowed in July, with activity indicators from industrial output to retail sales missing forecasts by large margins, pointing to a shaky recovery as Beijing shows no sign of easing its zero-COVID policy. Industrial output grew 3.8% in July from a year earlier, after expanding …

Article content BEIJING — China’s industrial output expanded 3.8% in July from a year earlier, slowing from a 3.9% rise in June, official data showed on Monday, as a nascent recovery in the world’s second-largest economy faltered. The growth was much weaker than a 4.6% increase that analysts had forecast in a Reuters poll. Retail sales rose 2.7%, after rebounding …

Breadcrumb Trail Links PMN Business Author of the article: Article content KYIV — Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern region of Donetsk that has become a key focus of the near six-month war, but said they had repelled many of the attacks. The General Staff of Ukraine’s armed forces also …