By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s consumer price index rose to a two-year high in March, official data showed on Friday, as economists warned inflation would creep up further as the government raised a gasoline price and the value-added tax rate. Annual inflation rose to 2.64% last month, the highest since …
Indonesia’s March inflation at 2-year high on food prices Read More »
SAO PAULO (Reuters) – China has suspended poultry meat imports from food processor BRF SA’s Lucas do Rio Verde plant in central Brazil, according to the General Administration of Customs of China (GACC). BRF confirmed the suspension but said it has not been officially notified, having only learned about it on the GACC website. The …
China suspends chicken imports from BRF’s Lucas do Rio Verde plant Read More »
By Noah Browning LONDON (Reuters) -Member states of the International Energy Agency have finalised their contributions to a 60 million barrel oil release announced this week to buoy prices sent soaring by Russia’s invasion of Ukraine, the IEA said on Friday. From a total release of 61.7 million barrels, the United States will provide 30 …
IEA oil stock release following Russia invasion tops 60 million barrels Read More »
HONG KONG (Reuters) – China will support new residents’ reasonable demand for housing credits, and implement differentiated housing credit policies for different cities, its banking and insurance regulator said on Friday. Chinese banks and financial institutions are encouraged to optimise housing financing services, reasonably setting the standards for mortgage loans for new residents who are …
China to support new residents’ reasonable demand for housing credits Read More »
(Reuters) – China’s CK Infrastructure Holdings said on Friday certain parties have expressed an interest in acquiring either a portion or the company’s entire stake in UK Power Networks Holdings Ltd. Earlier this week, media reported a consortium led by Australia’s Macquarie Group and U.S. investment giant KKR & Co were in talks to buy …
CK Infrastructure confirms interest over stake sale in UK Power Networks Read More »
By Asif Shahzad and Syed Raza Hassan ISLAMABAD (Reuters) – Pakistan is confident it will be able to defend a nearly $1.5 billion fuel and electricity subsidy package during a International Monetary Fund (IMF) programme review that started Friday, the finance ministry said. Prime Minister Imran Khan this week announced a cut in fuel and …
Pakistan confident of defending $1.5 billion fuel subsidy at IMF review Read More »
BEIJING (Reuters) – China summoned some key rare earths companies amid continuously-rising product prices and urged them to ensure a steady supply chain to help cool prices, the regulator said on Friday. The Ministry of Industry and Information Technology said in a statement that it had instructed producers including China Rare Earth Group, China Northern …
China calls on rare earths companies to bring prices back to “reasonable” level Read More »
TOKYO (Reuters) – Nissan Motor Co will halt production at its factory in Kyushu, southern Japan, for five days due to a chip shortage, the Nikkei newspaper reported on Friday. The stoppage will start from Monday, while another production line there will be suspended from March 14-17, resulting in lost output of more than 9,000 …
Nissan to halt output at Kyushu factory for 5 days due to chip shortage – Nikkei Read More »
TOKYO (Reuters) – Japan’s Mitsui & Co Ltd said on Friday it remained in talks with relevant stakeholders, including the Japanese government and business partners, regarding possible future courses of action on its energy business in Russia. “We are complying with international sanctions imposed on Russia and we are closely following developments,” the trading house …
Mitsui still in talks with stakeholders over its Russian energy business Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) jumped by a stronger than expected 5.28% in February from a year earlier, the fastest pace since September 2008, driven mainly by higher energy prices, the commerce ministry said on Friday. The reading compared with a forecast for a rise …
Thai Feb headline inflation hits 13-year high on oil price Read More »
