WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) confirmed on Monday it upgraded Malaysia’s air safety rating nearly three years after it took action to restrict the country’s airlines from adding new flights to the United States. In November 2019, the FAA lowered Malaysia from Category 1 to Category 2, meaning Malaysian airlines were …
WASHINGTON (Reuters) -The United States is expected to announce this week new measures restricting Chinese companies from gaining access to technologies enabling high-performance computing, three people briefed on the matter told Reuters. The measures would aim to cut off China’s access to advanced semiconductor technology, the people said. The New York Times was first to …
U.S. to curb more tech exports to keep chips from China military -sources Read More »
By Aziz El Yaakoubi RIYADH (Reuters) – Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund’s managing director said on Monday. In the context of monetary policy tightening, fiscal policy cannot stay idle because …
Global recession can be avoided with right fiscal policies -IMF’s Georgieva Read More »
By Syed Raza Hassan KARACHI, Pakistan (Reuters) -Pakistan’s newly appointed finance minister said on Monday that the country’s currency will strengthen to under 200 rupees to the U.S. dollar. The rupee is currently at around 227 to the U.S. dollar, and the currency has been in turmoil, falling as much as 30% this year. “The …
Pakistan finance minister sees rupee strengthening vs U.S. dollar Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures for December delivery rose $3.72 to $88.86 …
Oil jumps about $4 as OPEC+ weighs biggest output cut since 2020 Read More »
ISLAMABAD (Reuters) – The resident representative of the International Monetary Fund (IMF) said on Monday that policy commitments made by Pakistani authorities to resume the support programme continue to apply. “Policy commitments made by the Pakistani authorities as part of the Seventh and Eighth review under their IMF-support program continue to apply,” IMF representative in …
Policy commitments made by Pakistan to continue to apply -IMF representative Read More »
By Aishwarya Nair (Reuters) -General Motors Co outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales. Thus far, a shortage of cars due to supply disruptions, combined …
GM outsells Toyota in U.S. as industry worries about inflation Read More »
By Paul Sandle LONDON (Reuters) -Vodafone is in talks with CK Hutchison about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G services and expand broadband availability. Vodafone said on Monday it would own 51% and Hutchison 49% under the deal being discussed, with the …
Vodafone in talks for UK merger with Hutchison’s Three Read More »
(This Aug. 25 is refiled to say JPMorgan owns 49%, not 51% of CIFM, in the penultimate paragraph) SHANGHAI (Reuters) – JPMorgan would need to pay $1 billion for full ownership of its Chinese mutual fund venture, a statement on the Shanghai United Asset and Equity Exchange showed on Tuesday, a price tag that analysts …
JPMorgan would need to pay $1 billion for full ownership of China mutual fund JV Read More »
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects. The data clouds the outlook for a sustained recovery from the COVID-19 pandemic and could add to …
World factory activity weakens on global slowdown, cost pressures Read More »
