By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund said on Friday that discussions with Sri Lanka will continue on the fourth review of its $2.9 billion program, after an IMF staff team visited amid global trade turmoil triggered by the U.S. Sri Lanka, which plunged into a financial crisis due to a record shortage …
IMF says discussions to continue with Sri Lanka on fourth review Read More »
BEIJING (Reuters) -China’s retail giants have launched initiatives in the past few days aimed at helping Chinese exporters pivot to the domestic market, as a U.S.-China trade war intensifies. Beijing increased its tariffs on U.S. imports on Friday to 125%, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods to …
China’s retail giants pledge to help exporters go domestic amid trade war Read More »
By Julie Zhu and Helen Reid HONG KONG/LONDON (Reuters) – Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public offering in London, according to two sources with knowledge of the matter. The FCA’s approval marks a significant step forward in the China-founded company’s pursuit of a …
Exclusive-Shein gains UK approval for London IPO, awaits China nod, sources say Read More »
(Reuters) – China is delaying approval for plans by Chinese automakers Geely and BYD to produce cars in Latin America as U.S. tariffs fuel trade and economic uncertainties, two people with knowledge of the matter said. Geely and Renault said in February they had reached an agreement for Geely to use the French automaker’s production …
BANGKOK (Reuters) – Thailand’s low inflation is neither a sign of deflation nor an obstacle to economic growth, its central bank chief said, responding to a query from the finance minister as to why the rate has stayed below target this past 12 months. In an open letter to the minister, dated April 1 and …
Thailand’s low inflation no obstacle to economic growth, central bank chief says Read More »
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba will instruct his cabinet as early as next week to compile a supplementary budget to cushion the economic blow from rising living costs and U.S. tariffs, Kyodo news agency reported on Friday. While spending plans have yet to be laid out, ideas being discussed include restarting subsidies …
Japan PM to instruct cabinet to compile extra budget next week, Kyodo reports Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Vanguard International Semiconductor said on Friday it will speed up construction of its 12-inch wafer fab in Singapore as geopolitical risks prompt customers to seek more options to make chips outside China. Construction of the factory, part of VSMC, a joint venture Vanguard unveiled last year with European chipmaker …
Taiwan’s Vanguard to hasten construction of Singapore factory Read More »
(This April 10 story has been corrected to fix the Kpler data in paragraphs 3 and 5) By Siyi Liu and Chen Aizhu SINGAPORE (Reuters) – China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said. China’s oil …
China’s March Iranian oil imports surge on US sanctions fears Read More »
By Leika Kihara TOKYO (Reuters) -Japanese households’ inflation expectations heightened in the three months to March, a Bank of Japan survey showed on Friday, keeping the central bank under pressure to raise interest rates further. The survey, coupled with recent growing signs that companies are shedding their long-held aversion to price and wage hikes, suggest …
Japan household inflation expectations rise, keep BOJ rate hike view alive Read More »
By Siyi Liu SINGAPORE (Reuters) -Saudi Arabia’s crude oil supply to China will surge in May from the month before as a sharp price cut by the kingdom boosts demand, sources said on Friday. State oil firm Saudi Aramco will ship about 48 million barrels to China in May, a tally of allocations to Chinese …
Saudi crude to China to surge in May after price fall, sources say Read More »
