By Phuong Nguyen HANOI (Reuters) – Vietnamese budget airline VietJet is set to sign a $200 million aircraft finance deal with a partner of investment fund KKR at a meeting in Washington next week attended by planemaker Boeing, according to an internal schedule seen by Reuters. The programme, signed by VietJet head and dated March …
By Karen Lema and Mikhail Flores MANILA (Reuters) – The Philippines posted its slowest annual inflation rate in nearly five years in March as food and transport prices eased, but the central bank said it would stick to a “measured approach” in cutting interest rates. The consumer price index rose 1.8% in March, below the …
Philippine annual inflation slows to near five-year low in March Read More »
(Reuters) – The U.S. reciprocal tariffs will stymie economic growth and lift inflation, forcing the Federal Reserve to start lowering interest rates from the end of this year, while the European Central Bank could cut rates as soon as this month, Nomura said. U.S. President Donald Trump imposed sweeping tariffs on dozens of countries on …
US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura Read More »
SEOUL (Reuters) – South Korea’s finance minister said on Friday the government would make an all-out effort to manage Asia’s fourth-largest economy in a stable manner over the next two months ahead of a snap presidential election. Minister Choi Sang-mok made the comment at a meeting with other economy-related ministers, after a court ruling upholding …
South Korea finance minister vows to manage economy stably until election Read More »
HANOI (Reuters) – Vietnam will impose a temporary anti-dumping levy of up to 37.13% on some galvanised steel products originating from China, and up to 15.67% for some products from South Korea, showed a trade ministry statement dated April 1. The tariffs will take effect from April 16 and be in place for 120 days, …
By Rajendra Jadhav and Anushree Mukherjee (Reuters) – Demand for physical gold in China increased this week as trade war jitters spurred safe-haven buying, although customers in India refrained from purchases, anticipating a price drop. In top consumer China, dealers charged premiums of $6-$13 an ounce over global benchmark spot prices, compared with a discount …
Demand rises in China as trade war jitters drive safe-haven gold purchases Read More »
By Junko Fujita and Ankur Banerjee TOKYO (Reuters) -Japanese stocks sank on Friday to their lowest since last August, marking their sharpest weekly drop in five years, as fears of a global recession in the wake of U.S. President Donald Trump’s sweeping tariffs gripped markets. The Nikkei average closed down 2.75%, registering a 9% drop …
Japanese stocks in bear market as banks slump on tariff jitters Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan may raise interest rates once more this year then pause, as U.S. President Donald Trump’s tariffs inflict deeper pain on the export-heavy economy, former central bank board member Makoto Sakurai said on Friday. Keen to continue normalising ultra-loose monetary policy, the BOJ …
BOJ may raise rates again, then pause, says ex-board member Read More »
MANILA (Reuters) – The United States’ sweeping new tariff regime risks slowing both U.S. and global growth, shrinking export markets and potentially prompting a Federal Reserve response, the Asian Development Bank’s chief economist said. Chief Economist Albert Park said that unlike previous U.S.-China trade tensions which saw manufacturing shift to Southeast Asia, this round of …
US tariffs risk slowing global growth significantly, ADB chief economist says Read More »
BANGKOK (Reuters) – Thailand plans to import more U.S. autos, liquefied natural gas and electronics to try to reduce the trade gap with the United States, the finance minister said on Friday. The Southeast Asian country wants to narrow the gap as much as possible by importing more U.S. goods, Finance Minister Pichai Chunhavajira told …
Thailand to import more US autos, LNG, electronics, finance minister says Read More »
