TAIPEI (Reuters) – Taiwan’s economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California’s Silicon Valley, the ministry said on Saturday. Wang Mei-hua has been in the United States all week to respond to what her office has called “concerns” about …
Taiwan touts $900 million in new business from Silicon Valley meetings Read More »
By David Lawder and Jorgelina do Rosario WASHINGTON (Reuters) -Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring. In an interview, Dar ruled out the possibility …
Pakistan seeks rescheduling of $27 billion bilateral debt-finance minister Read More »
By Leika Kihara WASHINGTON (Reuters) -Japan’s top currency diplomat Masato Kanda on Friday said authorities are ready to take decisive action in the currency market if excessive moves in the yen continue. In a statement issued on Wednesday, the Group of Seven (G7) finance leaders said they will closely monitor “recent volatility” in markets, and …
Japan’s FX diplomat vows ‘decisive’ action against volatile yen moves Read More »
By David Shepardson WASHINGTON (Reuters) – South Korea’s Hyundai Motor Co said Friday it will break ground this month on a $5.5 billion electric vehicle and battery plant in the United States. Hyundai plans to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The Oct. 25 groundbreaking …
Hyundai to break ground on $5.5 billion Georgia plant this month Read More »
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) – Western countries this week ratcheted up their criticism of China, the world’s largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts. U.S. Treasury Secretary Janet Yellen said on Friday …
Global finance leaders single out China as barrier to faster debt relief Read More »
By Sinéad Carew and Carolyn Cohn NEW YORK, LONDON (Reuters) – Wall Street stocks closed sharply lower on Friday as investors worried about inflation and rising interest rates while the dollar rose against the yen and sterling after the British prime minister’s firing of her finance minister. Sterling fell sharply after Britain’s Liz Truss fired …
Wall Street slides, dollar gains on sterling and yen Read More »
By Jorgelina do Rosario WASHINGTON (Reuters) – Sri Lanka’s government officials from the finance ministry and the central bank held its first in-person meeting with the country’s largest sovereign overseas bondholders in Washington on Thursday, three sources with direct knowledge of the meeting said. The gathering on the sideline of the International Monetary Fund and …
Sri Lanka holds first in-person meeting with bondholders amid debt talks – sources Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures dropped $2.94, or 3.1%, to settle at $91.63 a barrel, while U.S. West Texas Intermediate (WTI) …
Oil prices fall more than 3% on recession worries Read More »
MANILA (Reuters) -The Philippine central bank remains committed to bringing inflation back to a target-consistent path, its governor said on Saturday. While the 2% to 4% target will be missed this year, inflation will normalise next year and in 2024, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in a country dialogue on the …
Philippines’ central bank committed to bringing inflation back to target Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling fell sharply against the U.S. dollar on Friday after British Prime Minister Liz Truss fired her finance minister and scrapped parts of their economic package that has caused havoc in UK financial markets. The dollar, on the other hand, continued its march higher against a beleaguered yen, …
Sterling tumbles as UK turmoil escalates; dollar surges to new 32-year high vs yen Read More »
