By Enrico Dela Cruz MANILA (Reuters) – The use of LNG imports for power generation in the Philippines next year should not be a disincentive for investors in renewables, the country’s energy chief said on Sunday. The Southeast Asian country, which relies mostly on oil and coal imports for its energy needs, expects the transition …
Philippines sees room for LNG despite renewables push Read More »
SEOUL (Reuters) -South Korea’s government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. The government will double the ceiling of its corporate bond-buying facility run by state-run banks to 16 trillion won ($11 billion), Minister of Economy and Finance …
South Korea expands corporate bond-buying program amid credit crunch concern Read More »
By Karin Strohecker and Andrea Shalal LONDON/WASHINGTON (Reuters) – A failure to secure meaningful progress on a debt relief for the world’s poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated. Two years ago the Group of 20 launched the Common Framework – …
Analysis-Poor nations face peril over elusive G-20 debt relief push Read More »
BEIJING (Reuters) – China’s economy has high resilience, sufficient potential and room for manoeuvre, President Xi Jinping said on Sunday, during a ceremony where China unveiled the new members of its highest political body, the Politburo Standing Committee. China will open its doors even wider, Xi also said to dozens of journalists packed into a …
Xi says China’s economy has high resilience, room for manoeuvre Read More »
TOKYO (Reuters) – Japan’s promised economic stimulus must be big enough to exceed the economy’s output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday. “The gap in Japan’s gross domestic product (GDP) is now around 15 trillion yen. It’s not enough to just fill this gap,” said …
Japan’s stimulus plan must exceed $100 billion, says ruling party executive Read More »
By Echo Wang NEW YORK (Reuters) – Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come …
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies Read More »
By Kevin Yao and Xie Yu BEIJING/HONG KONG (Reuters) – China’s central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said. The potential retirement …
China central bank head likely to step down amid reshuffle – sources Read More »
SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese and his Japanese counterpart Fumio Kishida agreed on Saturday to strengthen security ties between the two U.S. allies amid China’s push for greater influence in the Asia-Pacific region. At the annual Australia-Japan Leaders’ Meeting, held in the Western Australia capital Perth, the two signed a security cooperation agreement …
Australia’s Albanese, Japan’s Kishida agree to strengthen security ties Read More »
By Shinji Kitamura and Yoshifumi Takemoto TOKYO (Reuters) -Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting …
Japan intervened, buying yen in foreign exchange market Friday -sources Read More »
BANGKOK (Reuters) – Thailand’s central bank said on Saturday it was closely monitoring a volatile, weak baht amid global financial volatility, but there have been no signs of unusual capital movements yet. The Bank of Thailand, in a text message to reporters following recent rapid baht falls, said the currency’s weakness has been mainly driven …
Thai central bank closely monitoring baht, no unusual capital flows – central bank Read More »
