By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday, suggesting uncertainty surrounding U.S. tariffs and the hit to exports could keep policy in a holding pattern for some time. But the central bank projected inflation would stay roughly on course …
BOJ keeps rates steady, cuts growth forecasts on US tariff hit Read More »
By Jun Yuan Yong and Bing Hong Lok SINGAPORE (Reuters) – When 68-year-old Richard Han heads to the ballot box on Saturday to vote in Singapore’s election, cost-of-living pressures will be on the retiree’s mind as he worries about his daily expenses and his son’s prospects after university. Financial consultant Catherine Tan also worries about …
Cost of living is a key issue as Singaporeans head to May 3 election Read More »
(Reuters) -India has extended the mandate for its imported coal-based power plants to operate at full capacity until June 30, a government circular showed on Thursday. (Reporting by Sarita Chaganti Singh and Manvi Pant; Editing by Mrigank Dhaniwala)
By Munsif Vengattil and Aditya Kalra BENGALURU/NEW DELHI (Reuters) -Indian billionaire Gautam Adani’s group has paused discussions with Israel’s Tower Semiconductor for a $10 billion chip project as it did not make strategic and commercial sense for the group, two people familiar with the matter told Reuters. India’s western Maharashtra state in September announced approval …
Adani pauses talks with Israel’s Tower for $10 billion India chip foray, sources say Read More »
(Reuters) -The Bank of Japan kept interest rates steady and cut its growth forecasts on Thursday, as uncertainty surrounding U.S. tariffs clouds the outlook for the world’s fourth-largest economy. But the central bank projected inflation would stay roughly on course to hit its 2% target in the coming years, a sign that risks from U.S. …
By Neha Arora NEW DELHI (Reuters) -JSW Steel, India’s largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from Mongolia due to unresponsive suppliers and transport bottlenecks, three sources familiar with the matter said. The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was …
India’s JSW Steel faces challenges importing coking coal from Mongolia, sources say Read More »
TOKYO (Reuters) -The Bank of Japan cut its growth and inflation forecasts on Thursday while refraining from raising interest rates against a backdrop of uncertainty created by Washington’s aggressive and erratic tariff policies. MARKET REACTION: The yen slid towards a two-week low versus the dollar, falling as much as 0.6%, while benchmark 10-year Japanese government …
Yen slides with JGB yields after BOJ cuts growth forecasts Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia plans a major expansion in renewable energy by 2040, including the introduction of 10 GW of nuclear power, and expects contracts to be given in the next five years, a senior aide of President Prabowo Subianto said in an interview. That would more than double current capacity as Indonesia, …
BANGKOK (Reuters) -Thailand’s economy is expected to encounter temporary “air pockets” due to the impact of tariffs, the finance minister said on Thursday, and the country plans to negotiate to align its tariffs more closely with those of its trade competitors. “No matter how much the tariff will end up, if it is at an …
Thailand to seek tariffs similar to trade competitors, minister says Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports were unexpectedly resilient in April, buoyed by strong demand for semiconductors despite the drag from U.S. tariffs, although there are signs that global trade tensions have started to impact its key auto sector. The country’s better-than-expected trade performance, however, indicated the hit was not as bad …
South Korea exports beat forecast as chips soar, but outlook uncertain Read More »
