TOKYO (Reuters) – Workers from Japan’s largest union have struck early agreements for hefty wage hikes with employers as cost of living pressures grow and businesses scramble to secure staff amid a labour crunch, unionists said on Thursday. In an unprecedented move, 18 unions under the umbrella of UA Zensen, which represents workers in the …
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By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation’s central bank governor told Reuters. The crisis-hit island has secured financing assurances from all its major bilateral …
Sri Lanka to announce debt restructuring strategy in April – cenbank chief Read More »
NEW DELHI (Reuters) – India exported 52% less finished steel from April to February than it did a year earlier, as slowing global demand hit shipments, according to government data seen by Reuters on Thursday. The export volume was lower, at 5.9 million tonnes, despite the government’s withdrawal of an export tax in November. India, …
India’s April-February finished steel exports slump 52% Read More »
BEIJING (Reuters) – China’s new yuan loans are expected to fall in February from a record high in January partly due to seasonal factors, a Reuters poll showed, as the central bank keeps policy accommodative to support the slowing economy. Chinese banks are estimated to have issued 1.50 trillion yuan ($215 billion) in net new …
China’s Feb new yuan loans seen falling from record high: Reuters Poll Read More »
BEIJING (Reuters) -China is opposed to a Dutch plan for restrictions on exports of semiconductor technology, China’s foreign ministry said on Thursday. The Netherlands’ government on Wednesday said it planned new restrictions on exports of semiconductor technology to protect national security, joining a U.S. effort to curb chip exports to the world second-biggest economy. Chinese …
China opposes Dutch plan to curb chip exports – Chinese ministry Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank on Thursday kept its benchmark interest rate unchanged for the second consecutive meeting, flagging concerns over an expected slowdown in global growth. Bank Negara Malaysia (BNM) kept its overnight policy rate at 2.75%, as expected by economists polled by Reuters. A slight majority in that poll, …
Malaysia central bank holds key rate as global slowdown weighs on growth Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks struggled for direction and Treasury yields wavered on Wednesday as a barrage of robust economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion, in his second day of congressional testimony, that the central bank would continue to ratchet up policy rates until inflation subsides. …
Wall St flutters, Treasury yields ease as Powell resumes testimony Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar was steady on the day but down from three-month highs reached earlier on Wednesday after Federal Reserve Chairman Jerome Powell offered no major surprises on his second day of testimony before Congress and as investors waited for jobs data on Friday. Powell reaffirmed his message of …
By Eimi Yamamitsu and Shivani Tanna (Reuters) -Japan Airlines Co (JAL) is close to placing an order for more than 20 Boeing 737 MAX airplanes as it renews its medium-haul fleet, industry sources said on Wednesday. JAL confirmed it was involved in talks to buy new jets but declined further comment. “We are still at …
Boeing nears 737 MAX deal with Japan Airlines -sources Read More »
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 Tesla Model Y vehicles after two reports of steering wheels falling off while driving. The U.S. auto safety regulator said the steering wheels in both 2023 model year vehicles, which had a low …
U.S. opens Tesla probe into reports steering wheels fell off Read More »
