By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – The Pakistani rupee showed signs of steadying on Friday after steep decline over the previous two days, with hopes raised by an International Monetary Fund team visiting Islamabad in coming days to discuss resuming disbursements from a bail-out package. On Thursday, the Pakistani rupee fell …
Pakistani rupee’s fall slows as hopes rise for IMF money Read More »
BANGKOK (Reuters) – Thailand will begin construction on the 290-billion baht ($8.82 billion) U-Tapao aviation city early this year, a government spokesperson said on Friday. The project will generate 15,600 additional jobs in the first five years and drive growth in Thailand’s aviation industry, Tipanan Sirichana said in statement. The investment plan is slated to …
Thailand to begin construction of $9 billion aviation city this year Read More »
KUALA LUMPUR (Reuters) – Malaysia’s law minister on Thursday said a Luxembourg court had set aside an attempt made by the heirs of a former sultanate to enforce a $15 billion arbitration award they won against Malaysia. A French court last year had ordered Malaysia to pay $14.9 billion to the heirs of the last …
AMSTERDAM/MANILA (Reuters) – The chief enforcer of former Philippine President Rodrigo Duterte’s brutal ‘war on drugs’ said on Friday he would cooperate with an International Criminal Court (ICC) investigation if the government decided to participate. The ICC on Thursday said it had granted its prosecutor’s request to reopen an investigation into drug war killings and …
ICC prosecutor gets approval to reopen Philippines drug war probe Read More »
By Kantaro Komiya TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Friday that a return to deflation in the world’s third-largest economy cannot be ruled out, because domestic demand remains weak. The comment came hours after data showed Tokyo’s consumer inflation, a leading indicator of Japanese price trends, hit a 42-year high in January, …
Japan PM says can’t rule out return of deflation despite price spike Read More »
(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008, official data showed on Friday. Prices in the Asian financial hub were weighed down by a weak economic outlook and rising mortgage costs, following a COVID-19 outbreak …
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korean display panel maker LG Display said it planned to cut costs in the first half of this year after posting a record quarterly loss, as global demand for smartphones, computers and televisions remains depressed. The Apple Inc supplier flagged a turnaround in the second …
LG Display flags turnaround in H2 after record loss in Q4 Read More »
KABUL (Reuters) – More than 160 people have died from the cold in Afghanistan this month in the worst winter in more than a decade, authorities said on Thursday, as residents described being unable to afford fuel to heat homes in temperatures well below freezing. “162 people have died due to cold weather since January …
More than 160 Afghans die in bitterly cold weather Read More »
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed – the biggest one-day drop in over two decades – in a slump that may persuade the International Monetary Fund to resume lending to the country. The drop comes a day after …
Pakistani rupee plummets as markets adjust to removal of unofficial controls Read More »
TOKYO (Reuters) – Japan is set to downgrade its classification of COVID-19 to that of a less serious disease on May 8, revising its measures against the coronavirus such as relaxing guidance that people wear masks in public indoor places, NHK public broadcaster said. The government last revised coronavirus measures in May 2022. (Reporting by …
Japan to downgrade coronavirus classification on May 8 – NHK Read More »
