Finance

China November producer prices fall for fifth month, CPI soars

BEIJING (Reuters) – China’s producer prices fell in annual terms for the fifth consecutive month in November while consumer prices spiked as food costs climbed, data showed on Tuesday, complicating policymakers’ efforts to boost demand as economic growth slows. Sluggish manufacturing activity from U.S. trade pressures and weakening demand at home have put pressure on …

Finance

Australia cartel case against Citi, Deutsche delayed by late night witness statement

SYDNEY (Reuters) – An Australian criminal cartel lawsuit against Citigroup Inc (N:C) and Deutsche Bank AG (DE:DBKGn) was postponed on Tuesday after defense lawyers complained the prosecution had given them a redacted statement for a key witness late on the previous day. Though for just one day, the delay raises the chance of pre-trial hearings …

Finance

Bougainville independence hopes rise as vote counting set to begin

SYDNEY (Reuters) – Bougainville will begin counting votes on Tuesday in its independence referendum, officials said, amid expectations for the South Pacific region once ravaged by fierce fighting to overwhelmingly back independence from Papua New Guinea (PNG). Results are expected to be released on Thursday after the non-binding vote, held from Nov. 23 to Dec. …