By Rodrigo Campos (Reuters) -The International Monetary Fund is still in contact with officials at technical levels within the Sri Lankan government and hopes to be able to resume discussions with higher-level officials, an IMF spokesman said on Thursday, after Sri Lanka’s president announced his resignation. “We hope for a resolution of the current situation …
IMF hopes to soon resume Sri Lanka high-level discussions Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but less-restrictive pandemic containment policies also were needed. “We welcome the shift to a more expansionary fiscal policy this year, but …
IMF says China needs more fiscal, monetary support to fight COVID slowdown Read More »
(Reuters) -Japanese automaker Toyota Motor Corp said on Thursday it has scaled back production at its San Antonio, Texas, assembly plant as a heatwave strains power supplies in the state. Texas’ power grid operator took emergency measures on Wednesday to avoid rolling blackouts as electricity demand soared. Toyota may stop production on most days before …
Toyota scales back Texas plant output in heatwave Read More »
By Shanima A (Reuters) – A Hong Kong based investor abandoned its plans for a takeover bid for UK gambling software provider Playtech on Thursday, blaming challenging market conditions, sending its shares tumbling more than 18%. Investment and advisory firm TTB Partners, Playtech’s third-largest shareholder, had made a takeover approach on behalf of an unnamed …
Playtech shares tumble after investor drops takeover plan Read More »
By Selena Li HONG KONG (Reuters) – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its footprint in the world’s second-largest economy. Barclays’ majority-owned China asset management venture will …
Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources Read More »
HONG KONG (Reuters) – China International Capital Corp Ltd (CICC) has appointed veteran dealmaker Wang Shuguang to lead its investment banking business, said two people with knowledge of the matter. The appointment, effective July 11, comes as Wang Sheng, the bank’s previous investment banking head, has moved to China Galaxy Securities to take over as …
CICC appoints new investment banking head – sources Read More »
By Tony Munroe BEIJING (Reuters) – China has been tweaking its stringent COVID curbs but shows no sign of backing off from its “dynamic zero” policy, and has lagged in vaccination efforts that would enable it to do so, casting a heavy shadow over the world’s second-largest economy. The absence of a roadmap out of …
Analysis: China makes tweaks, but tough COVID policy still drags on economy Read More »
(Reuters) – Chinese officials are proposing to end a near two-year ban on importing Australian coal on supply concerns due to Western-led sanctions on Russia, Bloomberg News reported on Thursday. The proposal will be submitted to senior leaders with a recommendation that Beijing resume Australian imports, prompted by fears European-led curbs on Russian energy will …
China considers ending Australia coal ban on Russia supply fears – Bloomberg news Read More »
BEIJING, July 14 (Reuters) – China’s central bank sold a net 4.1 billion yuan worth of foreign exchange in June, according to Reuters calculations based on central bank data released on Thursday. The following are historical data for central bank foreign exchange sales/purchases since June 2021, based on Reuters calculations. Month Net change (100 mln …
China’s central bank sells net 4.1 billion yuan in FX in June Read More »
BEIJING (Reuters) – China’s commerce ministry said on Thursday that setting a cap on the Russian oil price is a “very complicated issue” and the precondition to solve the Ukraine crisis is to promote peace talks among relevant parties. “It’s in the interests of all parties to push the situation of the Ukraine crisis to …
China says idea of Russian oil price cap a ‘complicated’ issue Read More »
