HONG KONG (Reuters) – Hong Kong will further ease COVID-19 restrictions, allowing bars to open until 2 a.m. and raising the number of diners permitted at a table to eight from four, as cases in the global financial hub continue to ease, leader Carrie Lam said on Tuesday. Beaches and swimming pools would reopen from …
Hong Kong to further ease COVID curbs, bars to stay open until 2 a.m Read More »
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korea’s consumer inflation quickened far more than forecast and hit a more than 13-year high in April, boosting expectations in the bond market for more central bank interest rate rises this year. The Statistics Korea data showed the consumer price index (CPI) rose 4.8% in April …
S.Korea inflation hits 13-yr high, fans rate hike expectations Read More »
SEOUL (Reuters) – A senior South Korean central bank official said on Tuesday the country’s consumer inflation would likely stay above 4.0% for a while and stressed the need to manage inflation expectations. A Bank of Korea statement quoted Lee Hwan-seok, a deputy governor, as making the remarks at a meeting with other senior officials …
S.Korea central bank official sees inflation above 4% for a while Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) -India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a sharp, sudden rise in temperatures in mid-March cut crop yields in the world’s second-biggest producer of the grain. The drop could curb Indian exports of the staple. Cashing …
After five record crops, heat wave threatens India’s wheat output, export plans Read More »
By Tom Balmforth KYIV (Reuters) -Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major shift from Moscow’s biggest energy customer that could let Europe impose such a ban within days. Russia’s energy exports – by far its biggest source of income – have so far …
In shift, Germany gets behind immediate EU ban on Russian oil Read More »
(Reuters) – South Korea is in talks to build a new generation of nuclear power stations in the UK, The Telegraph reported on Monday. British business Minister Kwasi Kwarteng has met state-owned Korea Electric Power Corporation to discuss investment in the British nuclear industry and the talks with officials are ongoing, the report added. (Reporting …
BERLIN (Reuters) -German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate goals after meeting its Prime Minister Narendra Modi in Berlin on Monday, but the leaders remained far apart in their stance on the Ukraine war. In a statement to media, Scholz highlighted the countries’ common aims, such …
Germany, India pledge climate cooperation but far apart on Ukraine Read More »
MANILA (Reuters) – The Philippines is considering donating to Myanmar five million doses of Sputnik V COVID vaccine that are close to expiry, a senior health official said on Monday. The donation would be the first by the Philippines to another nation, after it scrambled for much of last year to procure vaccines for its …
Philippines planning to give Myanmar 5 million Sputnik V vaccines Read More »
By Panu Wongcha-um BANGKOK (Reuters) – The leaders of Japan and Thailand announced a new defence agreement on Monday as well as plans to upgrade their economic relations, as Japanese Prime Minister Fumio Kishida wrapped up the last leg of a three-nation tour of Southeast Asia. The agreement would facilitate the transfer of defence hardware …
(Reuters) – Analysts at J.P. Morgan downgraded Thailand’s equities rating on Monday, citing the slow pace of recovery in the tourism industry due to rising inflation and a surge in COVID-19 cases in China. JPM said the tourism industry in Southeast Asia’s second-largest economy faces several headwinds, including soaring inflation globally along with weakening consumer …
JPM downgrades Thailand on fading tourism recovery and worsening macro conditions Read More »
