(Reuters) – The Hong Kong stock exchange (HKEX) plans to make it mandatory for companies listed there to make climate-related disclosures, as the city strives to stay competitive as a green and sustainable financial centre. The bourse, which is a unit of Hong Kong Exchanges and Clearing Ltd, on Friday launched a three-month consultation over …
Hong Kong to make climate disclosures mandatory for issuers Read More »
By David Lawder WASHINGTON (Reuters) -European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc wants to move quickly on a trade agreement with the United States for electric vehicle battery minerals and was optimistic on reaching a green steel and aluminum pact with Washington by October. Dombrovskis, the EU’s top trade …
EU’s Dombrovskis sees some progress on steel, battery minerals talks with U.S Read More »
ROME (Reuters) – Italy must be increasingly cautious in its trade ties with China, Economy Minister Giancarlo Giorgetti was quoted as saying on Friday in reference to Rome’s partnership in Beijing’s Belt and Road Initiative project. In 2019, Italy became the first major industrialised nation to sign up for the initiative, a multinational project designed …
Italy economy minister cautious over trade ties with China Read More »
By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan is likely to maintain negative short-term interest rates until inflation durably hits 2%, but could allow long-term yields to move more flexibly around its target, a senior International Monetary Fund official said on Friday. The BOJ must maintain policy loose by keeping the short-term policy …
IMF sees BOJ keeping negative rates, scope for tweak to yield cap Read More »
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -The United Arab Emirates has confirmed financial support of $1 billion to Pakistan, the South Asian nation’s finance minister said on Friday, removing a key hurdle to securing a much-awaited bailout tranche from the International Monetary Fund (IMF). The commitment is one of the lender’s last …
Pakistan gets closer to IMF deal after UAE pledges $1 billion Read More »
By Joe Cash BEIJING (Reuters) -China reiterated it is willing to work with all parties to implement the Common Framework for debt disposal on Friday but stopped short of dropping its demand that multilateral development banks share in debt restructuring losses. Beijing’s refusal to budge on this issue is a major roadblock to debt relief …
China says ready to work with all parties on debt disposals, seeks more IMF data Read More »
By Chen Lin and Victoria Waldersee SINGAPORE/BERLIN (Reuters) -Tesla Inc on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising concerns about its industry-leading profit margin. Tesla last week reported first-quarter deliveries up just 4% from the previous quarter …
Tesla expands discounts with price cuts in Europe, Singapore, Israel Read More »
SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest rate unchanged, a Reuters survey of traders and analysts showed. The People’s Bank of China (PBOC) will continue to keep liquidity ample to support the …
China’s PBOC set to inject fresh funds via medium-term policy loans -survey Read More »
MOSCOW (Reuters) – Russian transportation group FESCO said on Friday that it has opened a direct air route to import electronic goods from Hong Kong to Moscow as Russian businesses seek to end their reliance on Western supply chains. The West moved to curb technology exports to Russia after Moscow sent troops into Ukraine last …
Russia’s FESCO opens air route to import electronics from Hong Kong Read More »
SHANGHAI (Reuters) – Tesla will not occupy a booth at China’s largest annual autoshow to be held next week in Shanghai, according to plans published by the event’s organisers. The financial hub is set to host Auto Shanghai between April 18-27. It is Asia’s largest auto show where brands from BYD to Volkswagen are expected …
Tesla to skip Shanghai Autoshow, organiser’s plan shows Read More »
