MOSCOW/HANOI (Reuters) – Russian President Vladimir Putin will visit North Korea and Vietnam in the coming weeks, Russia’s Vedomosti newspaper reported on Monday, with an official telling Reuters the Vietnam visit was planned for June 19-20 but has not yet been confirmed. Putin’s visit to Pyongyang is being “actively prepared”, Russian Ambassador to North Korea …
Putin set to visit North Korea, Vietnam, Vedomosti reports Read More »
By Mikhail Flores MANILA (Reuters) -The Philippine economy would likely grow 6% this year, less than forecast in April, the International Monetary Fund said on Monday, but the pace of expansion will pick up from last year as domestic demand recovers. The IMF’s latest estimate is down from its April forecast of 6.2%, but exceeds …
IMF lowers Philippine 2024 growth forecast to 6% from 6.2% estimated in April Read More »
(Makes clear in paragraph 3 that Hasanain is associate professor, not head, of economics) ISLAMABAD (Reuters) -Pakistan’s coalition government is expected to lay out ambitious fiscal targets in the 2024/2025 (July-June) budget on Wednesday that will help strengthen its case for a new bailout deal with the International Monetary Fund, officials and analysts said. Pakistan …
Pakistan’s budget will aim to set stage for IMF bailout Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand is aiming to achieve at least 3% economic growth this year and seeks to attract more foreign tourists and accelerate public and private investment, the finance minister said on Monday. Growth in Southeast Asia’s second-largest economy has lagged regional peers as it confronts high household debt …
Thailand aiming for at least 3% growth this year, more tourists Read More »
By Satoshi Sugiyama and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s economy contracted less than initially reported in January-March on upward revisions to capital spending and inventory data, lending modest support to the central bank’s plans to raise interest rates again this year. Analysts expect the Japanese economy to have bottomed out in the first three months …
Japan’s Q1 GDP fell less than first reported on revised capex Read More »
By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers due to the programme’s limited size and potentially low prices, analysts and developers say. As part of a support package for the crisis-hit property sector, Beijing …
Analysis-China’s home de-stocking push to bring developers little cheer Read More »
TOKYO (Reuters) – Japan’s service sector sentiment worsened in May to levels unseen in nearly two years, government data showed on Monday, as rising fuel and food costs from a weak yen dragged on household spending. The data highlights the fragile nature of consumption, making it harder for the Bank of Japan to justify further …
Japan’s service sector mood hits nearly 2-year low in May Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing. Less than a month after Washington quadrupled duties for …
EU set to disclose tariff rates for Chinese electric vehicles Read More »
By Giulio Piovaccari MILAN (Reuters) – European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc …
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs Read More »
By Helen Reid and James Davey LONDON (Reuters) -As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe’s retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future …
Shein’s pre-IPO charm offensive hits roadblocks in Europe Read More »
