By Neil Jerome Morales MANILA (Reuters) – The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday. The industry is expected to post an annual average …
Global tourism to recover from pandemic by 2023, post 10-year growth spurt Read More »
BEIJING (Reuters) – China will actively coordinate and solve difficulties foreign firms encountered as a result of COVID-19 outbreaks, the commerce ministry said on Thursday. China will also ensure supply chains are stable and smooth for importers and exporters, and will make efforts to achieve the goal of stable and improved trade, ministry spokesman Gao …
China says it will address difficulties for foreign firms amid virus outbreaks Read More »
By Josh Ye HONG KONG (Reuters) – Chinese social e-commerce app Xiaohongshu, known as China’s answer to Instagram, has kicked off a round of layoffs, a source familiar with the matter said, as the company joined other internet firms in retrenching. The layoffs were first reported on Thursday by local media outlets such as Sina …
China’s Xiaohongshu kicks off staff layoffs – source Read More »
By Tetsushi Kajimoto and Kentaro Sugiyama TOKYO (Reuters) -A senior Japanese government official said on Wednesday that there was no “good or bad” in exchange rates, in remarks that suggested Tokyo was not ready to take immediate action to shore up the weakening yen. In an interview with Reuters, Deputy Chief Cabinet Secretary Seiji Kihara …
No ‘good or bad’ in exchange rates, Japan official says, as yen slips Read More »
(Reuters) – A walkout by officials from the United States, Britain and Canada over Russia’s participation in a meeting of finance officials from the world’s 20 biggest economies did not derail the meeting’s focus on finding common ground to address headwinds confronting global growth, the body’s chair said on Wednesday. Indonesia Finance Minister Sri Mulyani …
Walkout by U.S., others did not derail G20 meeting’s focus, Indonesia’s Indrawati says Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run. The Dow Jones Industrial Average ended higher for the second straight day, the S&P 500 was flat, and the Nasdaq Composite fell …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Japanese yen bounced from a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the Federal Reserve’s aggressive tightening path. Increased nervousness around verbal intervention and growing speculation around an …
Yen rises from 20-year trough vs dollar as U.S. yields retreat Read More »
HANOI (Reuters) – Police in Vietnam arrested the chief executive officer of Tri Viet Securities on suspicion of market manipulation on Wednesday, the Ministry of Public Security said, as the country intensifies its long-running crackdown on graft. Do Duc Nam was accused of colluding with executives of two local companies, Louis Capital and Louis Land, …
Vietnam arrests securities firm’s CEO as it steps up graft crackdown Read More »
(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but 27 members of the European Union have been unable to agree on the embargo. Germany, the EU’s largest economy and its biggest oil market, aims to halve its dependence on Russian oil …
Factbox – Who is buying Russian crude oil and who has stopped Read More »
COLOMBO (Reuters) – India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments. “Assistance by the IMF will take about six months to come to us …
Sri Lanka says India to provide additional $500 million for fuel Read More »
