(Reuters) -Singapore Airlines Ltd (SIA) reported an over seven-fold jump in third-quarter net profit on Tuesday, boosted by a strong recovery in demand in key markets. The carrier said demand for air travel is expected to be robust in the fourth quarter following a recovery in East Asia after easing of travel restrictions across China, …
Singapore Airlines quarterly profit surges seven-fold Read More »
By Sarita Chaganti Singh and Shivangi Acharya BENGALURU, India (Reuters) -G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday. The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the …
G20 finance chiefs to discuss debt, crypto, inflation Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can’t afford to pay for electricity but can’t manage without it so goes deeper into debt to keep it on. Over the last month, with inflation …
Electricity bill increase pushes crisis weary Sri Lankans to the brink Read More »
BEIJING (Reuters) – China’s central bank has authorised ICBC Brazil to be a renminbi clearing bank in Brazil, it said on Tuesday. The establishment of such arrangements for the renminbi (RMB), or yuan, would be beneficial to cross-border transactions and further promote bilateral trade and investment facilitation, the People’s Bank of China said on Tuesday. …
China’s central bank authorises ICBC Brazil as yuan clearing bank Read More »
BEIJING (Reuters) – China’s banking and insurance regulator said on Tuesday it has given the go-ahead for Founder Group’s finance unit to enter the bankruptcy process. (Reporting by Beijing newsroom; Editing by Andrew Heavens)
TOKYO (Reuters) -Toyota Motor Corp will begin producing mid- to large-sized electric sports utility vehicles (SUVs) at its Kentucky plant as early as in summer 2025, aiming for monthly output of more than 10,000 by the year’s end, the Nikkei business daily reported on Tuesday. The company aims to sell about 1 million electric vehicles …
Toyota will start electric SUV production in US as early as 2025 -Nikkei Read More »
TOKYO (Reuters) – Japan kept its assessment of the economy unchanged in February as consumer spending remained on a recovery trend despite soft exports and factory output due to the global economic slowdown. The government also retained its caution over the impact of global monetary tightening, price hikes and supply constraint in its monthly report. …
Japan says economy in modest recovery, caution over global slowdown Read More »
By Siddhi Nayak and Xinghui Kok MUMBAI (Reuters) -India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between the two countries, the first such for the South Asian nation that is the world’s biggest recipient of remittances. Transfers of funds between the two countries will now be possible using …
India ties up with Singapore for its first real-time overseas payments link Read More »
By Julie Zhu and Kane Wu HONG KONG (Reuters) – Warburg Pincus is raising 3 billion yuan ($439 million) in its maiden yuan-denominated fund, two people with knowledge of the matter said, joining a growing list of private equity investors eyeing local currency investment opportunities in China. China’s regulatory crackdown on private enterprises including in …
(Reuters) -Australian Retirement Fund (ART), one of the country’s largest super funds, entered into a memorandum of understanding (MoU) with the Commonwealth Bank Australia to manage its corporate pension fund, the lender said on Tuesday. If the agreement goes through, Group Super’s A$12.3 billion ($8.48 billion) of funds under management (FUM) and 67,000 members will …
Australian Retirement Fund in talks to manage CBA’s Group Super pension fund Read More »
