By Asif Shahzad ISLAMABAD (Reuters) -Pakistan and the International Monetary Fund have begun talks online on a ninth review of a $7 billion loan programme, the Finance Ministry said on Monday, after a media outlet reported that the lender had asked the country to cut its expenses. The government has shared fiscal data, including for …
Pakistan, IMF begin talks on $7 billion loan review Read More »
JAKARTA (Reuters) – Indonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants. Indonesia last month said the world’s biggest exporter of refined tin is planning to ban exports of the metal in favour of attracting investment to …
Indonesian tin groups ask govt to consider impose export restrictions gradually Read More »
By Noah Browning, Pratima Desai and Michael Hogan LONDON (Reuters) – Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows and safe-haven gold rising. The protests added a new political dimension to investor concerns after months of stringent measures …
Rare China protests roil global commodities markets Read More »
By Karin Strohecker and Dhara Ranasinghe LONDON (Reuters) – Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty but could also hasten the reopening of the world’s number two economy, foreign investors said on Monday. China’s stocks on Monday suffered their worst day in a month …
Investors hope Beijing will lift COVID curbs faster as protests douse markets Read More »
(Reuters) – Tesla is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year-old electric sedan. One focus of the redesign codenamed “Highland” is to reduce the number of components and complexity …
Exclusive-Tesla readies revamped Model 3 with project ‘Highland’ -sources Read More »
By Sinéad Carew and Lawrence White NEW YORK/ LONDON (Reuters) – U.S. stocks tracked a decline in equities worldwide and oil was sold off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs fuelled concerns about global economic growth. A surge in COVID cases and clashes between police and …
China’s anti-lockdown protests shake stocks and oil Read More »
By Karen Brettell NEW YORK (Reuters) – The safe-haven Swiss franc and Japanese yen gained on Monday, while the Aussie dollar and Chinese yuan underperformed as protests against COVID restrictions in China knocked market sentiment. The U.S. dollar dipped, meanwhile, which analysts said was unusual as it ran counter to its typical role as a …
Yen, Swiss franc gain on China concerns, dollar drops Read More »
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Link Real Estate Investment Trust, Asia’s biggest REIT, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative Ltd, multiple sources told Reuters on Monday. Acquisition of the assets in what would be Southeast Asia’s biggest real …
Exclusive-Link REIT is frontrunner to buy Singapore shopping malls – sources Read More »
BEIJING (Reuters) – China will extend tariff exemptions on some imported products from the United States until May 31 next year, the finance ministry said on Monday. (Reporting by Beijing newsroom; Editing by Toby Chopra)
HONG KONG (Reuters) – Hong Kong private home prices fell 2.4% in October, the biggest drop since November 2018, official data showed on Monday, dragged down by worsening market sentiment amid a pessimistic economic outlook. The drop in home prices last month in one of the world’s most unaffordable housing markets followed a revised 2.1% …
Hong Kong Oct home prices drop 2.4%, biggest fall in 4 years Read More »
