By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday. Wickremesinghe took office in July last year, after a popular uprising, brought on by an economic …
Sri Lanka president to visit China as debt talks progress – source Read More »
By Andrea Shalal MARRAKECH, Morocco (Reuters) – World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the Israel-Hamas conflict could be ended quickly, warning it would have a “really big impact” on already weak global trade flows if it widened throughout the region. Okonjo-Iweala, in Morocco for this week’s annual meetings of the International Monetary …
WTO chief warns of ‘really big impact’ on trade if Israel-Hamas conflict widens Read More »
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other economies. The Monetary Authority of Singapore (MAS) sets the path of what it calls the policy band of the Singapore dollar nominal effective …
By David Shepardson WASHINGTON (Reuters) -U.S. investigators on Thursday proposed $270,000 in fines for a General Motors and LG Energy Solution joint venture battery plant in Ohio for safety and health violations. Occupational Safety and Health Administration (OSHA) investigators examining the cause of a March explosion and fire at the Ultium Cells plant prompted the …
US proposes $270,000 fine for joint venture GM battery plant Read More »
By Leika Kihara MARRAKECH, Morroco (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday the conflict in the Middle East added to already high uncertainty over the global economic outlook, which has made it difficult for the central bank to navigate monetary policy. But he said the fallout has not broadened enough to …
BOJ’s Ueda says Middle East conflict adds to global economic uncertainty Read More »
(Repeats to additional subscribers, no change to text) By Helen Reid MALMÖ, Sweden (Reuters) -China is still a key growth market for budget furniture retailer IKEA despite the world’s second-largest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday. China was for several years the fifth biggest market by …
BEIJING (Reuters) -China has published proposed security requirements for firms offering services powered by generative artificial intelligence, including a blacklist of sources that cannot be used to train AI models. Generative AI, popularised by the success of OpenAI’s ChatGPT chatbot, learns how to take actions from past data, and creates new content like text or …
China proposes blacklist of training data for generative AI models Read More »
(Reuters) -Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. The moves, part of a broader corporate exodus from Russia, have prompted concerns that Russian companies and …
Factbox-Companies sell their businesses in Russia Read More »
By Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter. The country of 22 million people …
Sri Lanka bondholders sent $12 billion debt rework proposal to government -sources Read More »
KUALA LUMPUR (Reuters) – Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank’s role in the massive 1MDB corruption scandal. Malaysian and U.S. authorities say $4.5 billion was stolen from the now-defunct Malaysian fund 1Malaysia Development Bhd (1MDB) in an elaborate scheme that …
Explainer-Goldman Sachs and its role in the multi-billion dollar 1MDB scandal Read More »
