By Ceyda Caglayan ISTANBUL (Reuters) – Tourism in Turkey is set to return to near pre-pandemic levels this year, boosting the crisis-hit economy with the help of a recent currency crash that has made it a more attractive destination than ever, industry officials say. Despite the high hopes, hotel and tourism officials warned that sharp …
High hopes that tourism will steady Turkey’s economy Read More »
By Marcela Ayres, Bernardo Caram and Lisandra Paraguassu BRASILIA (Reuters) – Leading economists in and around Brazil’s Workers Party are nearly united in scorn for a new law shielding the central bank from presidential influence – but there is an important voice of dissent in the party: ex-President Luiz Inacio Lula da Silva. As …
Analysis-Lula warms to independent Brazil central bank, breaking with party Read More »
MOSCOW (Reuters) – The Russian central bank said on Monday it had provided banks with 20 million roubles ($260,205) at a one-year repo auction, having offered 100 billion roubles. Repo, or repurchase agreement, auctions are designed to increase banks’ capacity to manage their liquidity. Liquidity at such actions became more expensive after the central bank …
Russian central bank provides banks with 20 million roubles at 1-year repo auction Read More »
By Aftab Ahmed NEW DELHI (Reuters) -India’s central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday. “Today’s inflation print is expected to be around 6%. So that should …
India cenbank committed to inflation target, says chief Read More »
(Reuters) -Markets now appear to be gunning for a big U.S. rate hike in March, so Federal Reserve minutes and policymaker comments in the days ahead will be the key focus. European and Japanese bond markets may keep testing policymakers’ resolve to contain rising borrowing costs, UK data could shed some light on the Bank …
SEOUL (Reuters) – South Korea President Moon Jae-in said on Monday the government will create a fund to better secure key raw materials essential for manufacturing and exporting in the face of current supply bottlenecks. “As a control tower, the Presidential ‘Economic Security Supply Chain Management Committee’ will be newly established, and a fiscal backing …
S.Korean government to create a fund to cope with supply chain challenges Read More »
ISTANBUL (Reuters) – Production in Turkey’s automotive sector fell 14.7% year-on-year in January to 90,520 vehicles, with exports falling 12.6% to 67,799, the Automotive Manufacturers Association (OSD) said on Monday. (Reporting by Can Sezer; Editing by Jonathan Spicer)
By Steven Scheer JERUSALEM (Reuters) – Israel needs to cut red tape in traditional industries so they can boost productivity and catch up with the country’s booming high-tech sector, the head of the Organisation for Economic Co-operation and Development (OECD) said on Sunday. Joining Israel’s weekly cabinet meeting, OECD Secretary-General Mathias Cormann praised much of …
OECD tells Israel to cut red tape in non-tech sectors to boost productivity Read More »
By Joyce Zhou and Twinnie Siu HONG KONG (Reuters) -Hong Kong reported 1,347 new daily COVID-19 infections on Sunday, down from the previous day’s record, but the spread, with 2,000 more suspected cases, threatens the city’s overstretched healthcare system, authorities said. The surge in coronavirus cases, the biggest test yet for Hong Kong’s “dynamic zero-COVID” …
Hong Kong reports 1,347 COVID cases as healthcare system overwhelmed Read More »
(Reuters) – Eleven people including nine foreigners have been sentenced to jail in Saudi Arabia on charges of laundering ten billion riyals ($2.67 billion), state TV reported on Sunday quoting a prosecution statement. The judiciary also ordered fines and the confiscation of funds and assets from seized investment portfolios, the report added. ($1 = 3.7516 …
Saudi Arabia jails 11 people for laundering $2.7 billion – state TV Read More »
