BANGKOK (Reuters) – Thailand’s annual headline inflation rate quickened in October due to higher energy and food prices, the commerce ministry said on Wednesday, but still remained below the central bank’s target range of 1% to 3%. The headline consumer price index (CPI) rose 0.83% in October from a year earlier, the commerce ministry said. …
Thai inflation quickens in Oct but still below central bank target Read More »
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -Farm output in the Philippines declined by the most in nearly four years in the third quarter, the statistics agency said on Wednesday, a reading which does not bode well for economic growth in the period. Farm output fell 3.7% in the third quarter from last …
Philippines farm output declines in Q3, could weigh on growth Read More »
JAKARTA (Reuters) – Indonesia’s central bank is ready to stabilise the rupiah, including through intervention if there was excessive volatility, an official said on Wednesday after the currency weakened as traders reacted to incoming U.S. election results.Fitra Jusdiman, a director at Bank Indonesia’s Monetary and Securities Asset Management Department, told Reuters the rupiah’s fall to …
Indonesia central bank says ready to stabilise rupiah if needed Read More »
By Sam Nussey TOKYO (Reuters) -Nintendo President Shuntaro Furukawa said on Wednesday that software for the company’s Switch console would be playable on the successor device. The Kyoto-based gaming company has said it plans to make an announcement about a successor device during the financial year ending March 2025 but has not provided further details. …
Nintendo Switch software to be playable on successor device Read More »
By Chen Aizhu SINGAPORE (Reuters) -Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid concerns that Middle East tensions may disrupt supply, trading sources said. The discounts are the narrowest since Chinese independent refiners, known as teapots, stepped in as buyers …
Iran oil prices to China at multi-year high after exports fall, sources say Read More »
By Leika Kihara TOKYO (Reuters) -Many Bank of Japan policymakers agreed the economy was making progress in meeting the necessary conditions for raising interest rates further, even as they backed a pause until global market uncertainties diminish, minutes of their September meeting showed. The nine-member board also discussed how to improve the way the BOJ …
BOJ saw positive economic signs even as it signaled pause, Sept minutes show Read More »
TOKYO (Reuters) – Japan’s service activity contracted in October on weaker sales, with business confidence slipping to the lowest level since March 2022 on concerns over shortage of labour, a private survey showed on Wednesday. The final au Jibun Bank Service purchasing managers’ index (PMI) dropped to 49.7 in October from 53.1 in September, according …
Japan service activity shrinks on softer sales, confidence slips further, PMI shows Read More »
TOKYO (Reuters) – Japanese manufacturers were less confident about business conditions in November than in October, a Reuters monthly poll showed on Wednesday, as China’s economic slowdown and a persistently high rate of inflation soured sentiment. Confidence in the service sector also eased for the fifth consecutive month to its lowest since February 2023 due …
SEOUL (Reuters) – South Korea has ordered Facebook owner Meta Platforms to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis, Seoul’s data protection agency said. The U.S. tech giant obtained information from about 980,000 South Korean Facebook users …
South Korea fines Meta about $15 million over collection of user data Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart’s Flipkart, a document shows, the second such move after a report on Apple was revoked in August. China’s Xiaomi had complained to the Competition Commission of India (CCI) that the report – …
India recalls Flipkart antitrust probe report after Xiaomi complaint Read More »
