By Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) – Mexico’s state-run oil firm Pemex has sharply reduced crude exports to India, the third largest market for its oil, amid preparations for a new refinery expected to absorb more of its output, according to data and people familiar with the matter. Petroleos Mexicanos in December …
SHANGHAI (Reuters) – China will strengthen its cross-border yuan payments system and explore setting up infrastructure standards for a digital fiat currency as part of a five-year plan for financial standardization. The plan, to be implemented during the 2021-2025 period, was published by four government agencies including China’s central bank and the securities watchdog on …
China plan bolsters cross-border payments, digital yuan Read More »
By Leika Kihara TOKYO (Reuters) – Japan ran a current account deficit in December for the first time in one-and-half years due to the surging cost of fuel imports, data showed on Tuesday, in a sign of the rising toll global commodity inflation is inflicting on the economy. The data underscores the shift in Japan’s …
Japan runs current account deficit on rising fuel costs Read More »
BEIJING (Reuters) – China’s central bank will not include affordable rental housing loans in a management system for property loans by banks, it said on Tuesday, in a bid to support the rental housing market. Financial institutions need to step up support for affordable rental housing, the People’s Bank of China said in a statement …
China cenbank to exclude rental housing loans from management system Read More »
By Nandita Bose WASHINGTON (Reuters) – The White House on Monday released a highly anticipated report from its labor task force that highlights low union participation in the U.S. government, and includes nearly 70 recommendations on how the government can help workers join labor unions and bargain collectively. More than 300,000 employees in the federal …
Over 300,000 U.S. federal workers eligible for unions, White House says Read More »
WASHINGTON (Reuters) – Germany is prepared to continue to provide a large amount of funding for the economic stabilisation of Ukraine, Chancellor Olaf Scholz said on Monday during a joint news briefing with U.S. President Joe Biden in Washington. “We provide a very, very large part of the financial support for Ukraine,” said Scholz, noting …
Germany prepared to keep funding Ukraine economic stabilisation – Scholz Read More »
By Timour Azhari BEIRUT (Reuters) -Lebanon’s banking association said on Monday it opposed proposals set out in a draft government plan reported by Reuters last week for tackling the financial crisis, saying they would cause a long loss of confidence in the financial sector. Responding to written questions from Reuters, the Association of Banks in …
Exclusive-Lebanese banks object to proposals in draft govt financial plan Read More »
MEXICO CITY (Reuters) – Mexican Economy Minister Tatiana Clouthier said on Monday the country’s economy was likely to grow about 2.5% this year after being hit by the Omicron wave of the coronavirus pandemic, in a blow to President Andres Manuel Lopez. Mexico’s economy contracted for a second straight quarter in the last three-month period …
Mexico economy minister sees 2022 growth slowing to 2.5% Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s government ordered oil companies and unions to the negotiation table on Monday, temporarily imposing a ceasefire in a worker strike over demands for higher wages that had hit activity in the huge Vaca Muerta shale fields. The Private Oil and Gas Union, Argentina largest oil union, went …
Argentina government orders oil sector talks after worker strike Read More »
By Wendell Roelf and Ron Bousso CAPE TOWN (Reuters) – Namibia aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday. Shell on Friday said the exploration well off the coast of the southern African …
Namibia aims for first-ever oil output by 2026 after Shell discovery Read More »
