By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The new head of Sumitomo Mitsui Banking Corp (SMBC) said the Japanese bank is watching closely for chances to buy assets in the United States, adding that the latest banking crisis hasn’t dented its confidence in the world’s biggest capital market. “The U.S. market will stay …
Japan’s SMBC CEO is watching out for chances to expand US assets Read More »
HANOI (Reuters) – Vietnam’s central bank said on Monday it is facing pressure to support economic growth while keeping the banking system and the foreign exchange market stable. The State Bank of Vietnam said in a statement it bought $4 billion worth of U.S. dollars from the market in the first quarter. (Reporting by Khanh …
Vietnam central bank: facing pressure to support growth while maintaining stability Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s sprawling manufacturing sector, accounting for a third of the world’s second-largest economy by value, lost momentum in March amid still-weak export orders, tapping the brakes on the country’s economic recovery from restrictive COVID-19 policies. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 50.0 …
China’s faltering March factory activity weighs on GDP outlook Read More »
HANOI (Reuters) – Vietnam is facing numerous challenges in meeting its economic growth target of 6.5% this year, the Ministry of Planning and Investment said on Monday, after growth in the first quarter slowed. The Southeast Asian country, a regional manufacturing hub, reported gross domestic product growth of 3.32% in the first quarter of the …
Vietnam faces challenge in meeting 2023 growth target – Planning Ministry Read More »
BEIJING (Reuters) – China was strongly dissatisfied with Japan’s export restrictions on chip manufacturing equipment, Chinese foreign ministry spokesperson Mao Ning said on Monday. China hoped Japan would act on its statements of cooperation with China and take an objective stance, Mao told reporters at a regular briefing. Japan said on Friday it would restrict …
China dissatisfied with Japan’s chip export restrictions -spokesperson Read More »
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector crisis that has roiled financial markets. The collapse of Silicon Valley Bank (SVB) suggests banks should strictly abide by the regulatory requirements and measures of …
Chinese lenders focus on risk management amid global banking crisis Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to slow the pace of monetary tightening on Wednesday, raising rates by just 25 basis points as it keeps its focus on inflation though risks from a global banking crisis add to economic headwinds. Investors will be closely scrutinising the accompanying commentary for …
New Zealand set for smaller rate hike as inflation worries linger Read More »
By Steven Scheer JERUSALEM (Reuters) – After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source and a proposed judicial overhaul threatens the bedrock of corporate law. Nicknamed “Startup Nation”, Israel’s economy has ridden a wave …
Analysis-Israel’s tech sector reels from SVB collapse, proposed judicial reform Read More »
BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People’s Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank. Financial authorities should strengthen supervision of financial institutions’ date accuracy …
China’s central bank calls for stronger defences against financial crisis Read More »
By Maha El Dahan and Ahmed Rasheed DUBAI (Reuters) – Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable. The pledges bring the …
OPEC+ announces surprise oil cuts; U.S. calls move inadvisable Read More »
