BEIJING (Reuters) -Chinese financial authorities on Sunday allowed a further cut in mortgage loan interest rates for some home buyers, in another push to prop up its property market and revive a flagging engine of the world’s second-largest economy. For purchases of first homes, commercial banks can reduce the lower limit of interest rates on …
China further eases mortgage loan rate guidance to spur demand Read More »
JAKARTA (Reuters) -Indonesian President Joko Widodo met Tesla Inc Chief Executive Elon Musk on Saturday in Texas to discuss potential investments and technology, Indonesia’s government said in a statement. The meeting between Musk and Widodo, better known as Jokowi, came after a round of working-level discussions on a potential investment in Indonesia’s nickel industry and …
Indonesia’s Jokowi meets Tesla’s Musk after nickel talks Read More »
BEIJING (Reuters) – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and Chinese yuan in its review of the currencies that make up the valuation of its Special Drawing Rights (SDR), an international reserve asset. The review is the first since the yuan, also known as the renminbi, …
IMF lifts weighting of dollar, Chinese yuan in SDR basket Read More »
By Mohammad Yunus Yawar KABUL (Reuters) – Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country’s Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met. Announcing the first annual national budget since the Taliban took over the war-torn …
Taliban’s first annual Afghan budget foresees $501 million deficit Read More »
SHANGHAI (Reuters) – China on Saturday completed a test flight of the country’s first C919 jetliner to be delivered, the official Xinhua news agency said. The jet, produced by state-owned manufacturer Commercial Aircraft Corp of China (COMAC) took off from Shanghai’s Pudong Airport and flew for over three hours, it said. Plane production has been …
China test flies first home-grown C919 jet to be delivered – Xinhua Read More »
By Anirban Sen and David French (Reuters) – SMBC Aviation Capital, one of the world’s biggest aircraft lessors, is nearing a deal to acquire smaller rival Goshawk for about $7 billion, including debt, people familiar with the matter said on Friday. The deal between the two privately held, Dublin, Ireland-based lessors could be announced as …
Aircraft lessor SMBC Aviation nears $7 billion deal for rival Goshawk, sources say Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global shares rose on Friday as Wall Street rallied to end a volatile week of trading, while oil jumped 4% on the back of record-high U.S. gas prices. Global markets and U.S. stocks were down sharply most of this week as investors grew anxious about the possibility …
World equities rise on bounce in U.S., European markets Read More »
By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss HONG KONG/LONDON/NEW YORK (Reuters) -Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been swept up in broad selling of risky investments on worries about high inflation …
Crypto world stabilizes after rocky week shakes stablecoins Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil. Brent futures rose $4.10, or 3.8%, to settle at $111.55 a barrel. U.S. …
Oil jumps 4% as U.S. gasoline prices hit record high Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar slipped on Friday as a rally in equities contributed to a risk-on mood, but was still set for a sixth straight week of gains as investors remained concerned about slowing global growth and Federal Reserve policy tilting the United States into a recession. High inflation and …
Dollar dips to end trading week but set for weekly gain Read More »
