By Leika Kihara TOKYO (Reuters) -Prospects of sustained wage gains in Japan and the boost to import costs from a weak yen have heightened attention within the central bank to rising inflationary pressures that may lead to an upgrade in its price forecast this month, sources said. Even if the Bank of Japan were to …
Rosy wage outlook, weak yen drawing BOJ attention to inflation risks Read More »
By Laurie Chen and Andy Bruce BEIJING (Reuters) -British finance minister Rachel Reeves, facing criticism for travelling to China during financial market turmoil at home, said on Saturday she will act to ensure the government’s fiscal rules are met. Under pressure from a sharp rise in British interest rates, Reeves defended her budget at the …
Amid market turmoil, UK’s Reeves says will act to meet fiscal rules Read More »
MOSCOW (Reuters) – Afghanistan became the largest importer of Russian flour last year as it doubled purchases, Russia’s state agricultural export agency, Agroexport, said late on Friday. Afghanistan imports flour as it does not have enough production capacity to fully meet domestic demand. The increase in imports came as Russia sought to foster ties with …
Russia says Afghanistan was its top flour buyer in 2024 Read More »
(This Jan. 10 story has been corrected to reflect the par value, not market price, in paragraph 3) HANOI (Reuters) – South Korean conglomerate SK Group plans to sell about a fifth of its holding in Vietnam’s Vingroup starting from next week, a Vingroup filing showed on Friday. With a 6.05% stake, SK’s group financial …
Vingroup’s main foreign investor SK Group to sell part of its stake Read More »
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday. Georgieva said the U.S. economy was doing “quite a bit better” than expected, although there was high …
IMF chief sees steady world growth in 2025, continuing disinflation Read More »
By David Shepardson WASHINGTON (Reuters) -Taiwan Semiconductor Manufacturing Co has begun producing advanced four-nanometer chips for U.S. customers in Arizona, Commerce Secretary Gina Raimondo told Reuters, a milestone in the Biden administration’s semiconductor efforts. In November, Commerce finalized a $6.6 billion grant to TSMC’s U.S. unit for semiconductor production in Phoenix, Arizona. “For the first …
TSMC begins producing 4-nanometer chips in Arizona, Raimondo says Read More »
By Andrew Chung, John Kruzel, David Shepardson WASHINGTON (Reuters) -The Supreme Court seemed inclined on Friday to uphold a law that would force a sale or ban the popular short-video app TikTok in the United States by Jan. 19, with the justices focusing on the national security concerns about China that prompted the crackdown. During …
Supreme Court appears inclined to uphold TikTok ban in US Read More »
BEIJING (Reuters) – China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday. More proactive fiscal policy can be expected in 2025, in terms of its strength, efficiency and timing, Liao said at a …
China has ample fiscal space to bolster growth this year Read More »
(Reuters) – China’s Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer. The court has set the first hearing for the petition on March 19, 2025. …
China’s Shimao Group receives liquidation petition Read More »
By Clare Jim HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the developer, reigniting investor concerns about the debt crisis in the property sector despite Beijing’s revival measures. The petition, filed by a unit of state-owned asset manager China Cinda Asset Management, also deepened worries …
Sunac liquidation suit hammers shares, renews property debt crisis concerns Read More »
