ISLAMABAD (Reuters) – Pakistan’s CPI rose 23.8% in November, year-on-year, the statistics bureau said on Thursday. Prices were up 0.8% in November from the previous month, the bureau said in a press release. In October, the CPI rise was 26.6%, year-on-year. (Reporting by Gibran Peshimam and Shivam Patel; Editing by Raissa Kasolowsky)
By Harish Sridharan (Reuters) – Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in semiconductors to drive a rally next year, while they see Japan’s market as resilient thanks in part to its weak currency. The calls come as U.S. rates are still rising, with most markets around the …
When the chips go up: Big banks bet on South Korea, Taiwan stocks for 2023 Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka hopes to double tourist arrivals to 1.5 million next year and bring in $5 billion in vital foreign exchange, the tourism minister said on Thursday, as the island nation seeks ways to tackle its worst financial crisis in seven decades. The country of 22 million people, famed …
Sri Lanka hopes for tourism revival with 1.5 million arrivals next year Read More »
BERLIN (Reuters) – NATO Secretary General Jens Stoltenberg said on Thursday he still believes in the benefits of free trade but warned of the security consequences that come with engaging with authoritarian powers such as China. “The war in Ukraine has … demonstrated our dangerous dependency on Russian gas. This should lead us to assess …
NATO’s Stoltenberg cautions against economic dependency on China Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments, the industry ministry said on Thursday, as a lengthy strike becomes more likely with the government and union far from a compromise. Disruptions to the country’s supply chain …
South Korean truckers’ strike cost $1.2 billion in lost shipments Read More »
SHANGHAI (Reuters) -Tesla Inc will issue software updates for more than 435,000 vehicles in China to fix an issue with side marker lights that could in extreme circumstances lead to a collision, a regulatory body said. The fix, which counts as a recall, will be issued by an over-the-air update. It covers 142,277 Model 3 …
Tesla to issue software updates for 435,000 cars in China over marker light issue Read More »
By Savyata Mishra (Reuters) – Investors turned modestly bullish on currencies of South Korea, Malaysia and Thailand, supported by prospects of China’s reopening, a Reuters poll found, while bearish positions on other Asian currencies hovered at multi-month lows amid a weaker greenback. Market participants turned bullish on the U.S. dollar-sensitive South Korean won for the …
Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll Read More »
By Siyi Liu and Dominique Patton BEIJING (Reuters) – The head of China’s Zijin Mining Group Co Ltd said lithium prices now at record levels could halve by end-2025, telling the Reuters NEXT conference however the miner would still forge ahead with heavy investment in the sector. The company, China’s top gold extractor and a …
China’s lithium newcomer Zijin eyes rich returns from battery demand Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden plans to travel to Taiwanese chip manufacturer TSMC’s Arizona facility on Dec. 6 to promote the administration’s push to boost U.S. semiconductor manufacturing, the White House said. Taiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc and the world’s largest contract chipmaker, is constructing …
Biden to visit Taiwanese chip manufacturer TSMC’s Arizona plant on Dec 6 Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Wednesday after Federal Reserve Chairman Jerome Powell said that the U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” helping to put the dollar index on track for its worst month since 2010. Powell said at …
