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SINGAPORE (Reuters) -Singapore’s Prime Minister Lee Hsien Loong said on Saturday that Finance Minister Lawrence Wong would succeed him as the city-state’s leader. Wong was chosen as leader of the ruling People’s Action Party’s (PAP) so-called fourth generation team, according to an announcement on Thursday, paving the way for him to become prime minister. “The …

Singapore’s Lee says Finance Minister Wong to succeed him as PM Read More »

(Reuters) – The Securities And Exchange Commission of Sri Lanka said on Saturday it was directing the Colombo Stock Exchange to suspend the stock market for five business days from Monday. (Reporting by Anirudh Saligrama in Bengaluru; Editing by William Mallard)

BRASILIA (Reuters) – China’s General Administration of Customs (GACC) has suspended imports from three Brazilian beef exporters – JBS SA, Marfrig and Naturafrig – for one week, the newspaper Valor Economico reported, citing a statement sent to Brazil’s embassy in Beijing. The decision affects four plants located in Mato Grosso and São Paulo and will …

China bans meat purchases from three Brazil exporters for a week Read More »

By Stella Qiu and Kevin Yao BEIJING (Reuters) -China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth. The People’s Bank of China (PBOC) …

China cuts reserve requirements for banks as economy slows Read More »

SHANGHAI (Reuters) – Tesla is preparing to resume production at its Shanghai plant on Monday following a three-week stoppage, having received the go-ahead from local authorities, two people familiar with the matter said. The Shanghai factory, located in the Pudong district east of the city’s Huangpu River, suspended production on March 28 after the city …

Tesla looks to resume production at Shanghai plant on April 18 -sources Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – A plan by Sri Lanka’s state-owned national airline to lease nearly two dozen aircraft has sparked public criticism and opposition condemnation as the country struggles with its worst financial crisis in decades. Sri Lanka is struggling with low reserves that have declined more than 70% over the past two …

Plan by SriLankan Airlines to lease 21 aircraft draws criticism Read More »

SHANGHAI (Reuters) – China’s Ministry of Industry and Information Technology (MIIT) on Friday said it had identified 666 companies in Shanghai it will help to resume production amid the city’s ongoing lockdown. In a public notice, the regulator said that it will concentrate resources to help companies in the fields of semiconductors, auto making, equipment …

China’s industry ministry to help over 600 companies in Shanghai resume work Read More »