(Reuters) – Asian equities’ valuations dropped to a more than two-year low at the end of May, as regional shares were hit by concerns over monetary tightening measures by major central banks and supply chain disruptions. The MSCI Asia-Pacific index’s forward 12-month price-to-earnings ratio (P/E) stood at 12.6 at the end of last month, the …
Asian stock valuations dip to 26-month low on slowdown worries Read More »
BANGKOK (Reuters) – Thailand’s central bank has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayuth Chan-ocha told reporters on Tuesday. Prayuth also said the finance ministry, central bank, commercial banks and the private sector in Thailand needed to do more to …
Thai PM says central bank has agreed to keep policy rate steady Read More »
TOKYO (Reuters) – The owner of Japanese clothing brand Uniqlo said on Tuesday it will raise prices on some goods this fall, reflecting increasing cost pressures from the weak yen and logistical hurdles. Prices on fleece goods and down jackets in the fall/winter product lines will go up by 1,000 yen ($7.54), a spokesperson confirmed, …
Uniqlo owner to raise prices on fleece products due to weak yen Read More »
BEIJING – China’s foreign exchange reserves rose slightly in May, official data showed on Tuesday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $8.1 billion to $3.128 trillion last month, compared with $3.120 trillion tipped a Reuters poll of analysts and $3.120 trillion in …
China’s May forex reserves rise slightly to $3.128 trln Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will need $5 billion over the next six months to ensure basic living standards, and is renegotiating the terms of a yuan-denominated swap worth $1.5 billion with China so as to fund essential imports, the prime minister said on Tuesday. The island nation’s worst economic crisis in seven …
Crisis-hit Sri Lanka needs $5 billion, help from China for essentials Read More »
A look at the day ahead in markets from Sujata Rao It’s a pretty eventful day in markets. U.S. 10-year yields are back above 3%, lifting the dollar to two-week highs. Then, the yen plumbed new 20-year lows, Australia upped interest rates by a half-point and the pound has fallen after a ruling party confidence …
Marketmind: Looking at the bright side of markets Read More »
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda faced political heat on Tuesday for a remark a day earlier that households were becoming more accepting of price rises, underscoring public sensitivity to rising living costs. Opposition lawmaker Kenji Katsube, one of several politicians who questioned Kuroda in parliament, said …
BOJ’s Kuroda faces heat for saying people are beginning to accept price rises Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar gained against a basket of major currencies on Monday as risk appetite waned from earlier levels, with U.S. stocks well off their earlier highs to increase the appeal of the safe haven ahead of a key reading on inflation later in the week. After touching a …
Dollar gains as risk appetite fades, inflation data eyed Read More »
By Herbert Lash NEW YORK (Reuters) -Global equity markets rose on Monday on signs of an easing of COVID-19 pandemic-related and other restrictions by China and as investors took expected interest rate hikes in coming days in their stride despite crude oil hitting $120 a barrel. The dollar gained against the euro ahead of a …
Stocks gain on improved sentiment, crude at $120 Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Monday said fighting inflation is a more complicated issue than can be addressed with a “singular focus” on China tariffs, and that it was important to bring a “thoughtful, strategic, deliberate” approach to the U.S.-Chinese trade relationship. Tai, in remarks to the Washington International …
USTR Tai says fighting inflation more complex than cutting China tariffs Read More »
