(Reuters) – Malaysia on Thursday said it could stop exports to the European Union in response to a new law the EU says is aimed at protecting forests by restricting palm oil imports. The EU has in recent years imposed several rules to regulate palm imports after concluding its cultivation results in excessive deforestation, raising …
Growing tensions between Asian palm oil producers and the European Union Read More »
By Sophie Yu and Jamie Freed BEIJING/SYDNEY (Reuters) -A Boeing Co 737 MAX made its first passenger flight in China in nearly four years on Friday, marking a major milestone in the U.S. planemaker’s attempt to rebuild its business in the world’s second-largest aviation market. The China Southern Airlines Co Ltd domestic flight from Guangzhou …
Boeing 737 MAX makes first passenger flight in China since March 2019 Read More »
By Kevin Buckland and Junko Fujita TOKYO (Reuters) – The yield on Japan’s benchmark 10-year government bonds breached the central bank’s new ceiling on Friday in the market’s most direct challenge yet to decades of uber-easy monetary policy, before a wave of emergency bond buying reined it back in. Swirling speculation that the Bank of …
Japan yields break central bank ceiling as markets press for policy shift Read More »
By Kantaro Komiya TOKYO (Reuters) – Japan’s core consumer prices likely rose 4.0% in December, double the Bank of Japan (BOJ)’s 2% target, hitting a fresh 41-year-high, a Reuters poll of economists showed on Friday, testing the central bank’s sustained easy-money policy. At its first 2023 rate review next week, the BOJ is expected to …
Japan Dec core CPI tipped at 41-year-high 4.0%, twice BOJ’s 2% target – Reuters poll Read More »
BEIJING/SHANGHAI (Reuters) -China will take steps soon to boost financing for good quality property developers, including adjusting borrowing curbs on them, the official Xinhua news agency said on Friday. Reporting the latest move to ease a liquidity crunch that has plagued the real estate sector since mid-2020, Xinhua said financial regulators have drafted a 21-task …
China to support financing for quality developers, adjust borrowing curbs – Xinhua Read More »
By Trixie Sher Li Yap, Chen Aizhu and Muyu Xu SINGAPORE (Reuters) – China’s exports of refined oil products could start 2023 with a drop of 40% in January from December’s figure, as Lunar New Year travel demand boosts domestic consumption of transport fuels, trading sources and analysts said. The fall in exports from China, …
China fuel exports to slip in Jan as Lunar New Year travel peaks Read More »
MOSCOW (Reuters) – The Caspian Pipeline Consortium (CPC) is ready to increase oil supply in 2023, CPC cited director general Nikolai Gorban as saying on Friday, thanks to increased capacity. CPC, which handles about 1% of global oil, also said it shipped 58.7 million tonnes in 2022, including 52.2 tonnes from Kazakhstan. The consortium, which …
Caspian Pipeline Consortium ready to increase oil supply in 2023 Read More »
ALMATY (Reuters) -Kazakhstan’s central bank kept its policy rate unchanged at 16.75% on Friday, saying it was likely to remain at that level for an extended period of time. The move had been anticipated by the market as December inflation figures were in line with the central bank’s forecast. Consumer price growth has accelerated to …
Kazakhstan’s central bank keeps policy rate unchanged at 16.75% Read More »
SHANGHAI (Reuters) – China’s central bank is likely to at least maintain current liquidity in the banking system on Monday through its management of medium-term policy loans, while keeping borrowing costs unchanged for a fifth straight month, a Reuters survey showed. The People’s Bank of China (PBOC) would be keeping an eye on routinely high …
China central bank to maintain or increase policy-loan liquidity – Reuters poll Read More »
JAKARTA (Reuters) – Indonesia will limit construction of nickel smelters to ensure new plants produce high-value products and follow green principles in the production process, state news agency Antara reported on Friday, citing the country’s investment minister. Noting many existing smelters already produce nickel pig iron or ferronickel, Minister Bahlil Lahadalia said Indonesia needed to …
Indonesia details plans to limit development of nickel smelters -report Read More »
