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Shares are mostly higher in Asia after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy BANGKOK -- Shares were mostly higher in Asia on Monday after Wall Street got back to climbing following more encouraging profit reports and the latest signal that i NFL ation is loosening its chokehold on the economy. Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers’ index issued by the national statistics agency and an industry group improved to 49.3 from June’s 49 on a 100-point scale but was below the 50-point level that shows activity contracting. “The PMI surveys suggest that China’s economic recovery continued to lose momentum in July,” J...

Asian shares have begun the week with mixed trading BANGKOK -- Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. U.S. futures and oil prices declined. The decline in producer prices by 5.4% in June from a 4.6% drop in May suggests a further weakening of demand in many industries as activity in the world's second largest economy slows and growth in the U.S. and Europe also tapers off under a barrage of interest rate hikes meant to snuff out i NFL ation. China's economy has slowed faster than hoped after an initial surge in growth as the country bounced back from disruptions caused by the COVID-19 pandemic. Markets in China tend to react positively to signs of weakness in anticipation of possible stimulus measures that might make more money available for investing in shares. Hong Kong...

Shares have advanced in Europe and Asia after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting economic activity BANGKOK -- World shares advanced Tuesday after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting business. China's National Health Commission said Monday that passengers arriving from abroad will no longer have to observe a quarantine, starting Jan. 8. They will still need a negative virus test within 48 hours of their departure and to wear masks on their flights. But it was the latest step toward dropping once-strict virus-control measures that have severely limited Travel to and from the world's No. 2 economy. “With economic activity floundering, and multinationals questioning the viability of China as a sourcing location, policy...