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Japan's service activity marks fastest growth in six months, PMI shows
TOKYO, March 5 (Reuters) - Japan's service activity marked the fastest growth in six months in February, backed by strong sales and new export businesses, a private-sector survey showed on Wednesday.The service sector has been the driving force behind the country's recent economic growth, he...Reuters
Wed, Mar 5
China targets 2025 fiscal budget deficit at 4% of GDP
BEIJING, March 5 (Reuters) - China has set a target on the fiscal budget deficit at 4% of gross domestic product (GDP) this year, compared with a target of 3% of GDP for 2024, according to an official government report for review in parliament on Wednesday.Reuters
Wed, Mar 5
ANALYSIS-Starbucks's China comeback relies on right partner, brewing back the vibe
Starbucks grapples with intense deflationary pressures in ChinaFocus on experience, not price, key to regaining market shareStrategic partnerships could aid Starbucks' China turnaroundBy Casey Hall SHANGHAI, March 5 (Reuters) - As Starbucks tries to revive its faltering business in China, ana...Reuters
Wed, Mar 5
US commerce chief says Trump to meet Canada, Mexico in middle on tariffs
By Kanishka Singh and Jasper Ward WASHINGTON, March 4 (Reuters) - U.S. Commerce Secretary Howard Lutnick told Fox Business on Tuesday that President Donald Trump will reach a middle ground with Canada and Mexico on tariffs and an announcement to that effect was expected on Wednesday. WHY IT&#...Reuters
Tue, Mar 4
China's parliament meets to shield economy from US tariff salvos
China's National People's Congress begins on March 5Growth target expected at about 5%; debt, deficit to riseUS trade war risk to growth, deepens deflation worriesPressure on Beijing to bolster safety net, boost consumptionBy Kevin Yao BEIJING, March 5 (Reuters) - China's parliament b...Reuters
Tue, Mar 4
US small businesses cut jobs in February, Intuit data show
Smallest U.S. businesses shed 125,000 jobs in February, Intuit data showLeisure and hospitality sector sees largest job decline, indicating economic strainFederal Reserve notes risks to growth amid consumer spending dropBy Howard Schneider WASHINGTON, March 4 (Reuters) - The smallest U.S. busines...Reuters
Tue, Mar 4
Australia stands to lose if US tariffs on China trigger trade war, central bank says
SYDNEY, March 5 (Reuters) - Australia stands to lose if U.S. tariffs on China trigger a global trade war, a top central bank official warned on Wednesday, adding it was one factor that led to a reduction in domestic interest rates last month. In a speech in Sydney, Reserve Bank of Australi...Reuters
Tue, Mar 4
US Treasury Secretary Lutnick: Trump may roll back Canada and Mexico tariffs tomorrow
US Commerce Secretary Howard Lutnick, during a televised interview on Fox News, hinted that US President Donald Trump may be preparing to pivot on his own tariffs less than 48 hours after imposing them.Fxstreet
Tue, Mar 4
