BEIJING, May 31 (Reuters) - China’s factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world’s second-largest economy as businesses emerge from coronavirus-led shutdowns.
BEIJING (Reuters) - China’s factory activity likely rose for a third straight month in May as the economy recovered from strict lockdowns implemented to contain the coronavirus outbreak, which has hammered global business activity.
TOKYO (Reuters) - The yen rose against major currencies on Friday as caution ahead of U.S. President Donald Trump’s press conference on China’s treatment of Hong Kong triggered safe-haven inflows.
SHANGHAI/BANGALORE, May 29 (Reuters) - As Chinese firms return to work after a pandemic lockdown faster than their peers worldwide and the government ramps up economic stimulus, the mainland has become the only major market where investors expect earnings to grow this year.
SINGAPORE (Reuters) - Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
NEW YORK (Reuters) - Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus can jump-start the world economy.
