By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to recoup only a small fraction of its recent losses over the coming year as the threat of U.S. trade tariffs hampers the outlook for Canada’s export-dependent economy, a Reuters poll found. The median forecast of 36 foreign exchange analysts in the Dec. 2-4 …
Canadian dollar forecasts slashed on US tariff threat- Reuters poll Read More »
MANILA (Reuters) – Japan and the Philippines signed a 1.6 billion yen ($10.65 million) security assistance deal on Thursday to boost the Southeast Asian nation’s maritime security and surveillance abilities amid heightened tensions in the South China Sea. Both the Philippines and Japan, two of the United States’ closest Asian allies, have taken a strong …
Japan grants Philippines $11 million in security aid to bolster defences Read More »
JAKARTA (Reuters) -Indonesia’s parliament said on Thursday it had proposed to the government to only raise the current value-added tax (VAT) rate for luxury items to avoid an impact on low income people. By law, VAT is set to rise by 1 percentage point to 12% starting Jan. 1 2025 to improve the country’s revenue …
Indonesian parliament proposes VAT hike only for luxury items Read More »
ABU DHABI (Reuters) – Britain’s Abbi Pulling will need to win the F1 Academy title for the second time in a week after organisers declared her the champion last Saturday and then left her a point short by adding an additional race in Abu Dhabi this weekend. The Alpine driver took an 83-point lead with …
Motor racing-Pulling needs to win F1 Academy title for second time in a week Read More »
BERLIN (Reuters) – Job vacancies in Germany have been on a downward trend for two years, showing a decline in labour demand that reflects the economic slowdown in Europe’s biggest economy, according to data from an economic institute released on Thursday. In the third quarter, there were 1.28 million job vacancies, down from a record …
German job market continues losing steam, labour institute says Read More »
(Reuters) – Singapore Technologies Telemedia said on Wednesday Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in Malaysia. Under a conditional share purchase deal, Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia, the …
ST Telemedia sells majority stake in Malaysian telecom firm U Mobile Read More »
BENGALURU (Reuters) -The European Space Agency on Thursday launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation’s flagship rocket. The launch from Satish Dhawan Space Centre, originally scheduled for Wednesday, had been delayed because of a technical snag. The mission is intended to advance global efforts to understand economic and technological risks …
European Space Agency’s sun-studying Proba-3 mission lifts off on ISRO rocket Read More »
ISLAMABAD (Reuters) -A Pakistani court on Thursday issued an arrest warrant for former Prime Minister Imran Khan’s wife, Bushra Bibi, in a graft case, local TV ARY News said, a move that could lead to her rearrest two months after she was freed from jail on bail. Bushra Khan, known more commonly as Bushra Bibi, a term …
Pakistan court issues arrest warrant for ex-PM Imran Khan’s wife Read More »
ATHENS (Reuters) – Greece’s economy will grow by more than 2% annually in the next two years, helped by continuing flows of European funds, but it needs to do more to attract investment, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. Greece almost went bankrupt in the past decade after revealing a …
Greek economic growth to exceed 2% annually in next two years, says OECD Read More »
By Harry Robertson LONDON (Reuters) – The British pound rose for a third consecutive session on Thursday as it continued to recover from a six-month trough hit in late November. Sterling climbed 0.15% on Thursday to $1.2721, up from a recent low of $1.2475 on Nov. 22. The euro was flat versus sterling at 82.78 …
