BEIJING (Reuters) -Russia President Vladimir Putin said that he sees China’s Belt and Road Initiative (BRI) as a desire to cooperate on the global arena, Russian and Chinese news agencies reported on Sunday. “We see that some perceive it as an attempt by the People’s Republic of China to crush someone under itself, but we …
Putin sees Belt and Road Initiative as China’s desire to cooperate Read More »
By Leika Kihara MARRAKECH, Morocco (Reuters) -The yen’s recent declines are driven by fundamentals and do not meet any of the considerations that would call for authorities to intervene in the currency market, a senior International Monetary Fund official said on Saturday. “On the yen, our sense is that the exchange rate is driven pretty …
IMF sees recent yen falls as reflecting fundamentals Read More »
BEIJING (Reuters) – China’s securities regulator on Saturday said it would restrict securities lending businesses and tighten scrutiny on improper regulatory arbitrage. The statement from the China Securities Regulatory Commission announced that steps will be taken to strengthen management of securities lending and re-lending businesses, including higher margin requirements, and restricting lending of shares by …
China stock market regulator announces restrictions on securities lending Read More »
WASHINGTON (Reuters) – Singapore’s deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic Framework for Prosperity (IPEF) discussions in time for next month’s Asia Pacific Economic Cooperation (APEC) summit. “We are working on how we can add substance to the different pillars of IPEF … We hope there …
Singapore hopes for substantial IPEF progress by APEC Read More »
SAN JOSE (Reuters) – Costa Rican officials are undermining economic ties with China after authorities from the Central American country deemed Chinese companies a cybersecurity threat to the development of 5G networks, the Asian nation’s embassy said on Friday. Earlier this week, Costa Rica’s science, technology and telecommunications minister told lawmakers that China represents a …
Chinese embassy criticizes Costa Rica for 5G company restrictions Read More »
By Leika Kihara MARRAKECH, Morocco (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts that Tokyo may need to take “appropriate action” in the exchange-rate market as global monetary tightening could heighten volatility in currency moves. The remarks came as the yen renewed its declines against the dollar, and …
MEXICO CITY (Reuters) – Japanese motorcycle maker Kawasaki will invest $200 million in Mexico’s northern Nuevo Leon state to set up a production plant, state Governor Samuel Garcia said on Friday. Garcia is currently in Tokyo and announced the investment in a post on social media platform X, formerly Twitter, without providing further details on …
Japan’s Kawasaki to invest $200 million in northern Mexico, says governor Read More »
NEW YORK (Reuters) – A group of private holders of Sri Lanka’s eurobonds proposed in a debt overhaul plan to the government the issuance of 10 bonds linked with the country’s macroeconomic health that will mature between 2027 and 2036. Holders choosing the macro-linked bonds would take a haircut of 20% on the principal, according …
Sri Lanka private creditors propose haircut, GDP-linked bonds Read More »
By Leika Kihara MARRAKECH, Morocco (Reuters) – Hiroshi Wanatabe, Japan’s former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation – until around 2015. “Then they stopped. In the past seven to eight years, they seem to …
Analysis-IMF warning on China puts ‘Japanization’ risk in spotlight Read More »
MARRAKECH, Morocco (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan’s finance minister. Yellen, in a posting on X, formerly known as Twitter, said she met with Choo on the sidelines of the annual meetings of …
Yellen: met with S.Korean finance minister, looking forward to trilateral with Japan Read More »
