BANGKOK (Reuters) – Thailand’s annual inflation rate slowed to under 1% in March and will drop even lower in the current quarter, the commerce ministry said on Friday as it flagged a cut to its 2025 forecast but said the country was not experiencing deflation. The inflation rate was expected to fall to around 0.15% …
Thai inflation rate to fall sharply in Q2, ministry says Read More »
By Anant Chandak BENGALURU (Reuters) – The rapid expansion in India’s dominant services sector cooled slightly in March amid softer demand, despite firms raising prices at the lowest rate in three-and-a-half-years, according to a survey that also showed a deceleration in job creation. The HSBC final India Services Purchasing Managers’ Index, compiled by S&P Global, …
India March services growth moderated, inflation eased sharply, PMI shows Read More »
SINGAPORE (Reuters) -Singapore’s trade minister said the wealthy financial hub was disappointed that the U.S. had imposed a 10% tariff on its exports despite it having a free-trade agreement and running a trade deficit with the United States. Singapore could take countermeasures under the free-trade agreement in force since 2004, but has chosen not to …
By Miho Uranaka and Anton Bridge TOKYO (Reuters) -Morgan Stanley is raising about 100 billion yen ($684 million) for a Japan-focused real estate fund, two people familiar with the matter said, highlighting investor interest in property as the world’s fourth-largest economy emerges from years of deflation and standstill prices. The Morgan Stanley-managed fund is due …
By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell for the first time in three months in February, government data showed on Friday, highlighting consumer wariness in the face of high prices and signalling a sustainable recovery is some way off. Lacklustre personal consumption is a source of concern for policymakers preoccupied by the fallout …
Japan February household spending dips on cost-of-living pressures Read More »
By Lisa Barrington SEOUL (Reuters) – Competition from Chinese airlines that do not have to avoid Russian airspace is undermining the profitability of Lufthansa’s Asian business, despite demand between Europe and China being quite strong, a senior executive said. “It’s really overcapacity in Europe from Chinese carriers,” Lufthansa’s Vice President Asia Pacific, Felipe Bonifatti, said …
Chinese airline competition lowering Lufthansa’s Asia profits, executive says Read More »
By Jaspreet Singh (Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin said in a regulatory filing …
AppLovin bids for TikTok in all markets outside of China Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. S&P 500 companies lost …
By Ju-min Park and Jihoon Lee SEOUL (Reuters) -South Korea’s acting President Han Duck-soo called on Thursday for talks with U.S. officials to shield the export-reliant economy from the impact of U.S. tariffs and ordered emergency support measures for businesses. U.S. President Donald Trump when unveiling global reciprocal tariffs displayed a chart showing a 25% …
South Korea’s acting president calls for talks with US over tariffs Read More »
(Reuters) -President Donald Trump on Thursday said he would consider a deal for TikTok where China agrees to approve the sale of the short video app owned by Byte Dance in exchange for relief from U.S. tariffs on Chinese imports. Speaking to reporters aboard Air Force One, Trump used TikTok as an example of how …
Trump says China could get tariff relief if it approves TikTok deal Read More »
