By Joe Bavier and Rachel Savage JOHANNESBURG/LONDON (Reuters) -Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and campaigners say as a meeting of finance chiefs of G20 major economies opened on Thursday. As the pandemic battered global economies, the Group of …
G20 must push relief to avoid debt crises – experts, campaigners Read More »
BEIJING (Reuters) – Coffee chains such as Luckin Coffee and Tim Hortons have increased the prices of their beverages in China, with U.S. giant Starbucks blaming “multiple factors” such as higher operating costs. The chains, among China’s largest coffee players, raised prices by between 1 yuan and 3 yuan ($0.16 and $0.47), according to menus …
Coffee chains Starbucks, Tim Hortons raise prices in China Read More »
BEIJING (Reuters) – China on Thursday expressed serious concerns regarding India’s ban of Chinese apps over security reasons, adding that it hopes India would treat all foreign investors, including Chinese firms, in a transparent, fair and non-discriminatory manner. “We hope India can take concrete measures to maintain the sound development momentum of bilateral economic and …
China expresses serious concerns on India banning Chinese apps Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left key interest rates unchanged for a 10th consecutive policy meeting on Thursday, reaffirming continued support for the economy as officials warned of risks that could derail the global recovery. The Bangko Sentral ng Pilipinas (BSP) kept the rate on the …
Philippine central bank stands pat on rates, flags recovery risks Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s Beijing Gas Group aims to conclude a 10-year liquefied natural gas (LNG) supply and purchase deal with Shell in the second quarter, a source with direct knowledge of the talks told Reuters. Municipal government-backed Beijing Gas is one of China’s so-called Tier 2 importers behind state energy giants …
Beijing Gas in talks over 10-year Shell LNG deal, says source Read More »
TOKYO (Reuters) – Japanese ethylene production in January fell 6.1% from the same month a year earlier to 507,500 tonnes, data from the Japan Petrochemical Industry Association showed on Thursday. Ethylene, made from naphtha, is a basic feedstock for petrochemicals that are processed into products such as plastics. Following is a table of ethylene output …
JAKARTA (Reuters) – Indonesian lawmakers on Thursday called on the government to raise the domestic sales requirement for coal miners to 30% on the expectation that energy demand in Southeast Asia’s biggest economy will rise in coming years. Coal companies are currently required to sell 25% of their output to the local market, with a …
Indonesia parliament calls for bigger domestic sales of coal Read More »
By David Lawder WASHINGTON (Reuters) -The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade Representative’s office said on Wednesday in a new assessment report. USTR said in its annual report on China’s compliance https://ustr.gov/sites/default/files/enforcement/WTO/2021%20USTR%20Report%20to%20Congress%20on%20China’s%20WTO%20Compliance.pdf with World Trade Organization …
USTR says new trade tools needed to fight China state-led trade Read More »
By Maki Shiraki TOKYO (Reuters) – In September, Narumi Abe did something still rare in Japan: she bought a foreign car, picking a Peugeot e-208 over a Honda e because, she said, the Peugeot can travel longer distances between charges. Abe joined a tiny, but growing, band of Japanese drivers who are eschewing home brands …
Foreign automakers see their chance in Japan with electric vehicles Read More »
By Mike Stone WASHINGTON (Reuters) -President Joe Biden is expected to ask Congress for a U.S. defense budget exceeding $770 billion for the next fiscal year as the Pentagon seeks to modernize the military, according to three sources familiar with the negotiations, eclipsing the record budget requests by former President Donald Trump. Ongoing budget talks …
Exclusive-Biden to seek more than $770 billion in 2023 defense budget, sources say Read More »
