North Korea and South Korea agreed on Tuesday to hold high-level inter-Korea talks on May 16 to discuss steps needed to uphold the pledge to denuclearize the Korean peninsula, South Korea’s Unification Ministry said. The meeting will discuss specific plans needed to carry out the April 27 inter-Korea summit declaration, which includes pledges to finally […]
Read moreChina’s industrial output grew 7.0 percent in April from a year earlier, much more than expected, but fixed-asset investment growth slowed to 7.0 percent in the first four months, below forecasts, official data showed on Tuesday. Analysts polled by Reuters had predicted industrial output growth would rise to 6.3 percent, bouncing back from a softer-than-expected […]
Read moreAustralia’s central bank saw little reason to lift rates this month as inflation remained below target and likely to remain subdued in the face of sluggish wage growth, minutes of its May policy meeting showed. The Reserve Bank of Australia’s (RBA) Board agreed there was not a “strong case” for a near-term adjustment in monetary […]
Read moreThe United States and China are still “very far apart” on resolving trade frictions, U.S. Ambassador to China Terry Branstad said on Tuesday. “China agreed to do a lot of opening up when they joined the World Trade Organization but a lot of the promises were not fulfilled,” Branstad said at a conference in Tokyo. […]
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