By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan’s central bank on Monday raised its key interest rate by 100 basis points to 17% in a bid to rein in persistently high inflation, and it said achieving price stability was key to attaining sustainable economic growth in the future. The increase, which …
Pakistan cenbank raises key rate to rein in high inflation Read More »
TASHKENT (Reuters) -Turkmenistan resumed gas supplies to Uzbekistan on Jan. 21, the volume of which has been gradually rising, Uzbek pipeline operator Uztransgaz said on Monday. The Central Asian nation reported supply disruptions on Jan. 17, saying Turkmenistan suspended exports amid low temperatures. It was unclear whether exports to China, the main market for Turkmen …
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt. The government has been helped by near-zero bond yields, but bond investors have recently sought to …
Japan warns of dire finances as BOJ struggles to contain yields Read More »
TOKYO (Reuters) – Tokyo Electric Power Company Holdings (TEPCO) has applied to the Japanese industry ministry to boost its power prices to households by nearly 30% from June due to soaring fuel procurement costs, the company said on Monday. The move follows five other Japanese electric utilities which have already applied to raise prices by …
TEPCO seeks to raise household power prices by 30% from June Read More »
TOKYO (Reuters) – Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp on Monday said they will collaborate in the high-capacity, high-output lithium-ion battery business, and plan to establish a joint venture by the end of this year. The partners said they will join in the research and development of lithium-ion batteries …
Honda, GS Yuasa agree to collaborate in lithium-ion batteries Read More »
By Nick Carey COVENTRY, England (Reuters) – China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters. London Electric Vehicle Company (LEVC) also aims to expand its suite of services, …
Exclusive-Geely plans to turn maker of London black cabs into EV powerhouse Read More »
By Nick Carey and Paul Lienert WOKING, England (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specialising in batteries and coatings to protect EV parts, and suppliers traditionally …
New suppliers race to plug in to electric car market Read More »
By Leika Kihara TOKYO (Reuters) -Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …
BOJ’s policy tweak drew rare request to adjourn from govt – minutes Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Sunday he would nominate a new Bank of Japan governor next month, as markets test whether the central bank will change the ultra low-rate policy of the dovish Haruhiko Kuroda. Kishida initially told a TV Tokyo programme that he would decide on …
Japan’s Kishida says he will nominate new BOJ head next month Read More »
BERLIN (Reuters) – Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe’s biggest economy, Finance Minister Christian Lindner was quoted as saying on Sunday. Germany is working on a new China strategy that takes a more sober view of relations and aims to reduce dependence …
German finance minister warns against quick decoupling from China Read More »
