March 25 (Reuters) – Global crude steel production in February fell 3.4% from a year earlier to 144.7 million tonnes, World Steel Association data showed on Tuesday. Crude steel output from China, the world’s top producer and consumer of the metal, fell 3.3% to 78.9 million tonnes in February, the data showed.
By Patturaja Murugaboopathy and Ankur Banerjee (Reuters) – Foreign investors have soured on Southeast Asian markets as the rising threat of U.S. tariffs, worries over domestic growth and a surge in Chinese stocks prompt them to look elsewhere for gains. Stock markets in Thailand, Indonesia, Philippines and Vietnam have seen a combined foreign outflow of …
Southeast Asian stocks feel the heat from economic, U.S. tariff worries Read More »
(Reuters) – The Reserve Bank of India on Monday issued revised guidelines on priority sector lending, in a move to expand PSL’s coverage and increase loan limits across sectors. The updated rules will take effect from April 1, and follow a comprehensive review of existing provisions and stakeholder feedback, the RBI said. The central bank …
India’s cenbank revises priority sector lending guidelines Read More »
TOKYO (Reuters) -Bank of Japan policymakers discussed the pace of raising interest rates further after deciding to hike short-term interest rates to the highest in 17 years, minutes of their January meeting showed on Tuesday. “Some members shared the recognition that real interest rates were expected to remain significantly negative even if the BOJ decided …
BOJ discussed chance of more rate hikes at January meeting, minutes show Read More »
By Stella Qiu SYDNEY (Reuters) – Australia’s government will dole out billions in cost of living relief measures in its budget on Tuesday to win back disgruntled voters ahead of a tough election in May, tipping the fiscal ledger back into the red after two years of rare surpluses. Figures from Treasury showed gross debt …
Australian government seeks to win back voters with household relief Read More »
By Nivedita Balu (Reuters) -Canada’s main stock index rose on Monday to touch a three-week high after the Trump administration signaled it may give some countries breaks on tariffs and take a more measured approach against its trading partners. The Toronto Stock Exchange’s S&P/TSX composite index was up 335.62 points, or 1.34%, at 25,304.11. U.S. …
TSX hits three-week high after softer US stance on new tariffs Read More »
By Gabriel Araujo (Reuters) -Cooling Mexican economic activity and inflation data on Monday supported expectations that Latin America’s second largest economy is headed towards a technical recession and fueled bets the central bank will move to keep cutting borrowing costs later this week. Battered by a devastating drought last year and falling investor confidence, Mexico’s …
As Mexico’s economy weakens, some see a recession as unavoidable Read More »
By Marco Aquino LIMA (Reuters) -Peruvian Agriculture Minister Angel Manero on Monday announced some $24 billion in largely public-private projects to improve irrigation in the Andean nation, as the government looks to expand its farmlands by some one million hectares (3,860 square miles). The added farmland would be larger than the size of the island …
Peru to spend $24 billion on irrigation to expand farmlands Read More »
By Andy Bruce LONDON (Reuters) -Businesses in Britain’s huge services sector reported a pickup this month, according to a survey that offered some comfort to finance minister Rachel Reeves ahead of a challenging speech on the economy and the public finances this week. Monday’s preliminary reading of the UK S&P Purchasing Managers’ Index (PMI) for …
UK services firms provide relief to Reeves before tough budget update Read More »
By Marc Jones LONDON (Reuters) -Credit rating firm S&P Global warned on Monday that the troubles triggered by the arrest of President Tayyip Erdogan’s main political rival could be a setback for Turkey’s economic reform programme. S&P, which raised Turkey’s rating twice last year due to the turnaround efforts, said the arrest and imprisonment of …
Ratings firm S&P warns Turkey’s tensions risk a setback for reforms Read More »
