By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s President Joko Widodo on Tuesday proposed a slightly smaller budget for 2023 than for this year to parliament, pledging to consolidate fiscal positions after racking up large deficits during the pandemic. Jokowi, as the president is popularly known, proposed a budget of 3,041.7 trillion rupiah …
Indonesia president proposes $206 billion budget for 2023 Read More »
By Rozanna Latiff PUTRAJAYA, Malaysia (Reuters) – Malaysia’s top court on Tuesday denied a request by former Prime Minister Najib Razak to introduce new evidence in his final appeal against a 12-year jail sentence for a case linked to the multibillion-dollar 1MDB financial scandal. Najib, 69, faces dozens of charges over the alleged theft of …
Malaysia’s ex-PM Najib fails in bid to admit new evidence in final 1MDB appeal Read More »
TOKYO (Reuters) – Japan’s biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% stake in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its overseas business. The acquisition of an affiliate of Vietnamese conglomerate TTC Corp comes as the Japanese utility …
Japan’s JERA to buy 35% stake in Vietnam’s renewable energy firm for Y15 billion Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Mizuho Securities Co, the brokerage arm of Mizuho Financial Group, “has room for further growth” in the United States and acquisitions are one option it is exploring, CEO Yoshiro Hamamoto told Reuters. Its U.S. business, which is mainly investment banking and trading, accounts for roughly a …
Japan’s Mizuho Securities looking at opportunities for U.S. growth Read More »
JAKARTA (Reuters) – Indonesia’s government has proposed to parliament that it will spend 210.7 trillion rupiah ($14.27 billion) on energy subsidies in 2023, up slightly from the 208.9 trillion rupiah budget for 2022, according to a copy of the proposal seen by Reuters on Tuesday. The document did not mention the compensation budget for state …
Indonesia proposes slight rise in 2023 energy subsidies Read More »
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – China’s surprise cut in key policy rates this week highlights a dilemma facing Beijing as authorities try to revive an economy awash with cash in the financial system but still lacking in consumer demand. Monday’s 10 basis point cuts in the People’s Bank of China’s (PBOC) …
Analysis-Trapped cash mangles China’s policy plans Read More »
LONDON (Reuters) – Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London’s post-Brexit efforts to set up systems to replace those run by the European Union. In June, Prime Minister Boris Johnson said he wanted to start a new trade …
Britain launches trade system for developing countries Read More »
By Tom Hals WILMINGTON, Del (Reuters) – Twitter Inc needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a Monday court order. Bot and spam accounts on Twitter have become a central issue in …
Judge orders Twitter to give Elon Musk former executive’s documents Read More »
By Chibuike Oguh New York (Reuters) – Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected economic data in China that prompted its central bank to cut its lending rate, stoking concerns of a global recession. The People’s Bank of China unexpectedly cut key interest rates after the world’s second-largest economy reported July …
Stocks, dollar gain despite surprise weak China data Read More »
NEW YORK (Reuters) – China reduced holdings of U.S. Treasuries for a seventh consecutive month in June, U.S. Treasury department data released on Monday showed. China’s stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world’s second largest economy had …
China cuts U.S. Treasuries holdings for 7th straight month -data Read More »
