By Gopal Sharma KATHMANDU (Reuters) – Nepal’s economy is expected to expand by 5.8% in the current financial year ending mid-July, helped by a pick-up in economic activity following a fall in COVID-19 cases, the finance minister said on Sunday. The growth estimates were higher than 4.3% year-on-year growth in the previous year, but lower …
Nepal expects 5.8% growth as COVID-19 cases fall – minister Read More »
SEOUL (Reuters) – South Korea’s National Assembly approved a 62 trillion won ($49.5 billion) supplementary budget on Sunday aimed at supporting businesses hit by pandemic-related restrictions. The amount approved was 2.6 trillion won more than the 59.4 trillion won announced last month and will mostly be used for cash handouts for small businesses and self-employed …
S.Korea parliament approves $49.5 billion extra budget days before local elections Read More »
HANOI (Reuters) – Vietnam reported a trade deficit of $1.73 billion in May, widening from a deficit of $1.22 billion in April, government data released on Sunday showed. Exports in May rose 16.4% from April to $30.48 billion, while imports were up 12.9% to $32.21 billion, the General Statistics Office said in a report. For …
Vietnam May trade deficit widens to $1.73 billion – statistics office Read More »
SHANGHAI (Reuters) – China’s first public real estate investment trusts (REITs) based on residential properties will be launched soon, as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy. Stock exchanges in Shanghai and Shenzhen each accepted an application for residential REITs backed by rental …
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World shares rose and the yield on benchmark U.S. Treasuries weakened on Friday after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Consumer spending, which accounts …
Equities rise, yields fall after data shows U.S. inflation may have peaked Read More »
By Marcy de Luna HOUSTON (Reuters) -Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil. Brent crude rose $2.03, or 1.7%, to …
Oil settles up ahead of U.S. driving season, EU embargo decision Read More »
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role, according to one of the …
Exclusive-HSBC clients query bank on climate, one to review engagement – sources Read More »
BANGKOK (Reuters) – Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria’s Secret will receive $8.3 million, in what labour activists say is the biggest settlement of its kind in the global garment industry. About 1,200 workers were laid off without severance pay and wages owed to them …
Victoria’s Secret agrees to finance $8.3 million settlement for laid-off Thai workers Read More »
HONG KONG (Reuters) – China has signed a memorandum of understanding (MoU) with the Solomon Islands on civil air transport, laying a foundation for airlines of both countries to open air routes, China’s aviation regulator said on Friday. The MOU was signed when China’s foreign minister Wang Yi was visiting the Pacific Island country. (Reporting …
China signs MOU on civil air transport with Solomon Islands Read More »
By David Stanway and Roxanne Liu SHANGHAI/BEIJING (Reuters) -Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions. The financial hub and the capital have been hot spots, with …
Shanghai takes baby steps towards ending COVID lockdown Read More »
