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Asia FX bears hit record high on hawkish Fed, China growth worries

June 16 (Reuters) - Bearish bets on several Asian currencies hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID-19 lockdowns threatened to disr...

Business Highlights: Fed inflation fight, rally in stocks

___ Fed attacks inflation with its largest rate hike since 1994 WASHINGTON (AP) — The Federal Reserve intensified its drive to tame high inflation by raising its ke...

China's factory activity rebounds as anti-virus curbs ease

BEIJING (AP) — China’s factory output rebounded in May, adding to a recovery from the latest COVID-induced economic slump after controls that shut down Shanghai and other industrial centers eased. ...

China city mayor apologizes over COVID-19 lockdown response

BEIJING (AP) — The mayor of a northeastern Chinese city on the North Korean border that has been under lockdown for more than 50 days has apologized for failures in his administration’s work amid wide...

Virus cluster at nightclub sets off new Beijing clampdown

BEIJING (AP) — China’s capital has put school back online in one of its major districts amid a new COVID-19 outbreak linked to a nightclub, while life has yet to return to normal in Shanghai despite t...

Beijing tests millions, isolates thousands over COVID cluster at 24-hour bar

Authorities in China's capital Beijing on Monday raced to contain a COVID-19 outbreak traced to a raucous 24-hour bar known for cheap liquor and big crowds, with millions facing mandatory testing ...

US lifts COVID-19 test requirement for international travel

WASHINGTON (AP) — The Biden administration is lifting its requirement that international travelers test negative for COVID-19 within a day before boarding a flight to the United States, ending one of ...

China calls COVID 'lab leak' theory a lie after WHO report

BEIJING (AP) — China on Friday attacked the theory that the coronavirus pandemic may have originated as a leak from a Chinese laboratory as a politically motivated lie, after the World Health Organiza...

Virus testing the new normal as China sticks to 'zero-COVID'

BEIJING (AP) — Thousands of coronavirus testing sites have popped up on sidewalks across Beijing and other Chinese cities in the latest development in the country's “zero-COVID” strategy. ...

China's trade rebounds in May as anti-virus curbs ease

BEIJING (AP) — China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease. Exports surged 16.9% over a yea...

Business Highlights: 'Shrinkflation,' Biden pick for Fed

___ No, you’re not imagining it — package sizes are shrinking NEW YORK (AP) — It’s the inflation you’re not supposed to see. From toilet paper to yogurt to corn chi...

OECD slashes global economic outlook on Russia-Ukraine war

LONDON (AP) — Russia's war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperati...

After lockdown, Shanghai tries to mend fences with foreign firms

Shanghai officials are seeking to revive confidence among multinational firms bruised and frustrated by the city's COVID-19 lockdown, by holding multiple meetings with foreign firms and easing a k...

Why more European firms are choosing Vietnam over China

Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021. This year,Vietnam's GDP is expected to grow by around 5...

World Bank dims outlook for global economy amid Russia war

WASHINGTON (AP) — The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the p...