Applied maths graduate Liang Huaxiao tried to land a job with one of China's tech giants for two years. Like a rising number of her highly educated peers, Liang keeps trading down to try and find a source of income in China's worst youth job market on record. "Finding a job has been really difficult," said the 25-year-old, who lives with her parents in the northern industrial city of Taiyuan.
Australian home prices rose for the third consecutive month in May, with the pace of growth accelerating sharply as demand remained strong despite high mortgage rates, and the number of available homes nudged lower. Figures from property consultant CoreLogic released on Thursday showed national home prices surged 1.2% in May after rising in March and April, and finding a floor in February.
Investors were awaiting a critical vote in the U.S. House of Representatives over the $31.4 trillion debt ceiling late on Wednesday, which could further ease concerns of a destabilizing default that have hung over markets for most of 2023.
The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing the Russian invasion of Ukraine.
A look at the day ahead in Asian markets from Jamie McGeever. A batch of purchasing managers index reports from across the Asia-Pacific region will offer local markets direction on Thursday, with investors likely to be in a cautious mood following Wednesday's global market moves.
New Zealand house prices are forecast to drop further this year, pressured by higher interest rates, according to a Reuters poll of property analysts, who expect a 20% peak-to-trough correction, roughly similar to a survey taken three months ago.
Michael Sabia is leaving his post as Canada's deputy finance minister to head Hydro-Quebec, a power-generating utility, the Quebec premier said in a tweet on Wednesday. Sabia, a top bureaucrat at Canada's federal finance ministry, will step down from his current role on June 2, the country's Department of Finance said.
A majority of lawmakers in the U.S. House of Representatives voted on Wednesday to open debate on a bipartisan bill to suspend the $31.4 trillion debt ceiling, before taking up the question of passage later in the evening.
Latin American currencies fell
against a firm dollar on Wednesday, with the Brazilian real
spearheading the decline on mounting bets of rate cuts, while
Chile's peso fell due to a drop in copper ...
The U.S. Treasury Department's operating cash balance as of Tuesday was $37.36 billion, compared to $54.49 billion on Friday, the Treasury said on Wednesday as the House of Representatives prepared to vote on a deal to raise the federal debt ceiling.
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