Reuters Asia Business

WASHINGTON (Reuters) – The International Monetary Fund said on Monday its Executive Board has concluded a second review of Bangladesh’s bailout program, giving the country immediate access to about $928 million in loans for economic support and about $220 million to combat climate change. “Bangladesh’s economy is navigating multiple macroeconomic challenges,” IMF Deputy Managing Director …

IMF’s Executive Board makes available about $1.148 billion to Bangladesh Read More »

By Karin Strohecker and Rodrigo Campos NEW YORK (Reuters) – Formal negotiations between Sri Lankan authorities and international private creditors on over $12 billion in bonds are set to resume imminently after a group of bondholders signed non-disclosure agreements late last week, three sources told Reuters on Monday. The resumption of the talks comes days …

Sri Lanka to re-engage with private creditors imminently, sources say Read More »

By Trevor Hunnicutt and Alexandra Alper WASHINGTON (Reuters) -Microsoft’s deal to invest $1.5 billion in artificial intelligence firm G42 is “generally a positive development” because it forced the United Arab Emirates-based company to sever ties to China’s Huawei, a White House official said on Monday. “In a place like UAE … where you had G42 …

Microsoft-G42 deal positive because it cut Huawei ties, White House official says Read More »

By Joe Cash and Ryan Woo BEIJING (Reuters) -Beijing wants the EU to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlled Global Times reported, after both sides agreed to hold new trade talks. Provisional European Union duties of up to 38.1% on imported Chinese-made EVs are set to kick in …

China wants EU to remove tariffs on EVs by July 4 as talks resume Read More »

JAKARTA (Reuters) – A cyber attacker compromised Indonesia’s national data centre and asked for an $8 million ransom, the country’s communications minister was quoted by state news agency Antara as saying on Monday. The attack disrupted some government services, most notably at airports last week, though automated machines were now functional, the communications ministry said …

Cyber attack compromised Indonesia data centre, ransom sought, reports Antara Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase “without too much delay” to address risks of inflation overshooting expectations, a meeting summary showed on Monday. The discussion highlights the board’s growing awareness over heightening inflationary pressure …

BOJ debated need for timely rate hike, signals chance of July action Read More »