Reuters Asia

New Zealand foreign minister to discuss security with Chinese counterpart on Friday

By Lucy Craymer WELLINGTON (Reuters) – New Zealand Foreign Minister Nanaia Mahuta said she will discuss concerns about key regional and global security challenges when she meets with her Chinese counterpart, foreign minister Qin Gang in Beijing Friday. Mahuta arrived in China on Wednesday for a four-day trip, the first by a New Zealand minister …

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India current account deficit likely narrowed to 2.7% of GDP in Q4: Reuters poll

By Madhumita Gokhale BENGALURU (Reuters) – India’s current account deficit is likely to have improved in the final quarter of 2022 from a nine-year high in July-September as the goods trade gap moderated and net services exports rose, a Reuters poll found. The median forecast of 22 economists polled March 16-23 showed a current account …

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Japan’s consumer inflation off 41-year high but cost pressure persists

By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation slowed in February but an index stripping away energy costs hit a four-decade high, data showed on Friday, suggesting cost-push pressures may persist longer than policymakers thought. With inflation still exceeding the Bank of Japan’s 2% target, the data will keep alive market …

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Japan firms see global inflation risk as major headwind for fiscal 2023 – Reuters poll

By Rocky Swift TOKYO (Reuters) – Japanese firms see inflation and the chance of worldwide recession as the primary risks they face in fiscal 2023, a Reuters monthly poll showed. Inflation in Japan has rocketed to a four-decade high, driven largely by energy prices, putting pressure on companies to lift wages to compensate for the …

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Oil drops 1% as US in no rush to refill strategic reserve

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% lower on Thursday, reversing early gains after U.S. Energy Secretary Jennifer Granholm told lawmakers that refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. Granholm’s comments fed worries about potential oversupply, especially as the Energy Department plans to proceed with an additional release of …

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