A revolt by Chinese homebuyers, who have threatened to stop paying mortgages on hundreds of unfinished housing projects, is spurring a shakeout among cash-starved property developers who have long relied on pre-sales of apartments.
The U.S. dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe might avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate hike.
Karsten Warholm's hopes of winning a third straight World Championships title were dashed while Britain's Jake Wightman felled reigning Olympic 1,500m champion Jakob Ingebrigtsen on a day of upsets on Tuesday.
China's massive agricultural sector is facing growing risks as a result of extreme weather and shifting planting conditions brought about by climate change, an official with the agriculture ministry said on Wednesday.
Chicago corn and soybean futures lost more ground on Wednesday, with prices pressured by expectations of beneficial rains in parts of the U.S. Midwest easing supply concerns.
(RTTNews) - Indian shares opened sharply higher on Wednesday, tracking strong global markets as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe boosted investors' appetite for riskier assets.
Authorities should stop treating players like "cars" and fix cricket's "jam-packed" schedule to retain multi-format players, England's Ben Stokes said.
Thailand's economy has clearly recovered and the central bank will ensure the recovery is not interrupted by efforts to tackle higher inflation, the central bank chief said on Wednesday, amid expectations of an interest rate hike.
The Indian rupee treaded water in morning trade on Wednesday as gains in the domestic share market and slight falls in global crude oil prices failed to wipe out concerns around a global dollar shortage.
Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.
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(RTTNews) - The China stock market has tracked higher in consecutive trading days, accelerating more than 50 points or 1.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,280-point plateau and it's predicted to extend its gains on Wednesday.
Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.
Ireland prop Andrew Porter will not be further sanctioned for the high tackle on Brodie Retallick in last weekend's third test that left the All Blacks lock with a fractured cheekbone.
Australian swimmer Isaac Cooper has been sent home from a training camp and will miss the Commonwealth Games for disciplinary reasons, including the "use of medication," governing body Swimming Australia said on Wednesday.
(RTTNews) - The Taiwan stock market on Tuesday snapped the four-day winning streak in which it had surged almost 770 points or 5.3 percent. The Taiwan Stock Exchange now rests just beneath the 14,700-point plateau although it's likely to move higher again on Wednesday.
The United States will request dispute settlement consultations with Mexico under a regional trade deal over what it considers discriminatory Mexican energy policies, according to two Mexican sources and a draft announcement seen by Reuters on Tuesday.
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