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Israeli tank shells slam into UN shelter for Gaza war refugees, killing 15, officials say

National News - 1 hour 48 min ago

Israeli tank shells slammed into a crowded U.N. school sheltering Gaza war refugees Wednesday, killing 15 Palestinians and wounding 90 after tearing through two classroom walls, a health official and a spokesman for a U.N. aid agency said. The strike in the Jebaliya refugee camp came amid Israel's heaviest air and artillery assault in more than three weeks of Israel-Hamas fighting. Tuesday marked the deadliest day so far, with 128 Palestinians killed, according to a Gaza health official. The overall Palestinian death toll rose to at least 1,258, with more than 7,100 wounded, said the health official, Ashraf al-Kidra.


Categories: National News

China's local GDP data points to recovery, rebalancing

Business News - 2 hours 33 min ago

By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Analysts said this suggested China's bid to rebalance its economy is paying off. From redefining job targets to shifting investment to inland areas and cutting obsolete capacity in energy-guzzling sectors in the north, China wants to overhaul the world's second-largest economy and encourage more sustainable and higher-quality growth. "The growth gap is an expected result of Beijing's efforts to rebalance regional economies and let the fruits of growth be more evenly shared by the poorer inland regions," said Nie Wen, an analyst at Hwabao Trust in Shanghai.


China's local GDP data points to recovery, rebalancing

National News - 2 hours 33 min ago

By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Analysts said this suggested China's bid to rebalance its economy is paying off. From redefining job targets to shifting investment to inland areas and cutting obsolete capacity in energy-guzzling sectors in the north, China wants to overhaul the world's second-largest economy and encourage more sustainable and higher-quality growth. "The growth gap is an expected result of Beijing's efforts to rebalance regional economies and let the fruits of growth be more evenly shared by the poorer inland regions," said Nie Wen, an analyst at Hwabao Trust in Shanghai.


Categories: National News

Asian shares hit six and a half year high, dollar steady before Fed

Business News - 2 hours 41 min ago

The Fed will not be updating its economic forecasts and Chair Janet Yellen will not hold a news conference following the two-day policy meeting, leaving investors' focus squarely on a statement scheduled to be released at 2 p.m. (18:00 GMT). "In the end it's really part of a global rally, it's been underpinned by the U.S., where economic growth is seen to be improving albeit slowly, and earnings growth in Australia looks reasonable at this stage," said Matthew Sherwood, head of investment market research at Perpetual in Sydney.


Asian shares hit six and a half year high, dollar steady before Fed

National News - 2 hours 41 min ago

The Fed will not be updating its economic forecasts and Chair Janet Yellen will not hold a news conference following the two-day policy meeting, leaving investors' focus squarely on a statement scheduled to be released at 2 p.m. (18:00 GMT). "In the end it's really part of a global rally, it's been underpinned by the U.S., where economic growth is seen to be improving albeit slowly, and earnings growth in Australia looks reasonable at this stage," said Matthew Sherwood, head of investment market research at Perpetual in Sydney.


Categories: National News