By Echo Wang and David Shepardson NEW YORK/WASHINGTON (Reuters) – TikTok said it has completed migrating information on its U.S. users to servers at Oracle Corp, in a move that could address U.S. regulatory concerns over data integrity on the popular short video app. The move, which was first reported by Reuters, comes nearly two …
By Emma Farge and Philip Blenkinsop GENEVA (Reuters) -The World Trade Organization agreed the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise. The deals were forged in the early hours of …
WTO strikes global trade deals after ‘roller coaster’ talks Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 5.1% in the March-May period, the government said on Friday, thanks to a moderated local epidemic, relaxation of social distancing measures, and support from a consumption voucher scheme. In the February-April period, the unemployment rate stood at 5.4%. “Looking ahead, provided that the …
Hong Kong’s March-May unemployment eases to 5.1%, outlook improving Read More »
SHANGHAI (Reuters) -China will ban new steel, coking, oil refining, cement and glass projects in key zones, the government said on Friday in a wide-ranging policy document aimed at tackling pollution and meeting the country’s climate goals. It said China would step up efforts to establish a zoning system to manage environmental risks and take …
China to ban new heavy industrial projects in key zones Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world’s largest liquefied natural gas (LNG) project and buy the fuel under long-term contracts, three people with knowledge of the matter said. It would be the first such partnership …
TOKYO (Reuters) – The Bank of Japan on Friday increased the types of 10-year Japanese government bonds it targets in fixed-rate, unlimited purchases as part of efforts to defend its 0.25% yield cap. The central bank also decided to relax terms of a securities lending facility, under which it lends out government bonds in short …
BOJ ramps up fixed-rate bond buying, acts to ease supply glut Read More »
SHANGHAI (Reuters) – About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank tightening limited room for policy manoeuvre to arrest economic slowdown. The loan prime rate (LPR), which banks normally charge their best clients, is set …
China likely to keep lending benchmark LPR unchanged amid global central bank tightening Read More »
By Stefanno Sulaiman JAKARTA (Reuters) – Garuda Indonesia’s creditors including Britain’s Rolls-Royce and European planemaker Airbus are voting on Friday on an over $9 billion debt restructuring proposal, with the carrier confident of winning enough backing to move forward. A simple majority vote, provided it represents two-thirds of Garuda’s liabilities held by creditors attending the …
Creditors vote on Garuda Indonesia’s more than $9 billion debt settlement Read More »
(Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signalling its resolve to focus on supporting the economy’s tepid recovery from the COVID-19 pandemic. However, in a nod to the hit that the yen’s recent sharp declines may have on …
QUOTES: BOJ Governor Kuroda’s comments at news conference Read More »
MANILA (Reuters) – The Philippine central bank said on Friday it expects the country’s current account balance to register wider deficits in 2022 and 2023 than previously projected, taking into account the challenges facing the global economy. The Bangko Sentral ng Pilipinas (BSP) has revised its balance of payments (BOP) projections, with the current account …
Philippines sees wider c/a deficits as global risks build Read More »
