BEIJING (Reuters) -The death rate in China’s capital Beijing surpassed its birth rate in 2022, official data showed on Tuesday, pushing its natural population growth into negative territory for the first time since 2003. The death rate in the city of 21.84 million, one of the country’s most populous urban centres, rose to 5.72 deaths …
China capital Beijing experiences first population decline since 2003 Read More »
HONG KONG (Reuters) – Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities’ move to wipe out Credit Suisse bonds as part of its takeover deal. The challenge will be particularly acute for a large number …
Asia banks may face difficulty bolstering capital via AT1s – Citi Read More »
TOKYO (Reuters) – Japan’s government will allocate more than 2 trillion yen ($15 billion) from reserve funds in the current fiscal year’s budget for steps to cushion the economic blow from rising inflation, Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday. Matsuno made the comment at a government meeting to decide on the package of …
Japan to spend more than $15 billion for steps to combat inflation – govt Read More »
By Gareth Jones (Reuters) -Russian President Vladimir Putin said after talks with Chinese leader Xi Jinping on Tuesday that Chinese proposals could be used as the basis of a peace settlement in Ukraine, but that the West and Kyiv were not yet ready. In a joint statement at the end of Xi’s state visit to …
Putin says Chinese proposal could be basis for peace in Ukraine Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking interest rates much further, or at all, later in the week. Investors’ focus has moved to a slew of central bank meetings …
Dollar holds its breath as market awaits Fed policy decision Read More »
KABUL (Reuters) -A magnitude 6.5 earthquake struck northern Afghanistan on Tuesday evening, according to the European-Mediterranean Seismological Centre, killing two in the east of the country and one child in neighbouring Pakistan. The tremor was very deep, 194 km (120.5 miles), and its epicentre was in the Hindu Kush mountain range, near the remote northern …
Earthquake of magnitude 6.5 hits northern Afghanistan, killing at least 3 Read More »
By Seher Dareen (Reuters) – Gold dropped about 2% on Tuesday as Treasury yields jumped and easing worries over a banking crisis prompted some investors to cautiously return to riskier assets, while markets await the U.S. Federal Reserve’s next interest rate decision. Spot gold dipped 2.1% to $1,938.19 per ounce by 1:31 p.m. EDT (1731 …
Gold dips 2% as banking fears recede in run-up to Fed decision Read More »
LONDON (Reuters) – Global recorded music revenues rose 9% last year to $26.2 billion, with growth registered in every region and an increase in paid subscription streaming helping drive sales, a report said on Tuesday. Among the trends highlighted by the IFPI, a trade body for the recorded music industry, were China nudging into the …
Streaming boosts recorded music revenue, China market growing Read More »
By Sudip Kar-Gupta and Bart H. Meijer BRUSSELS (Reuters) – EU antitrust regulators have raided a company active in the energy drinks sector in several EU countries on suspicion of taking part in a cartel and also abusing its dominance, the European Commission said on Tuesday. Austrian energy drinks maker Red Bull confirmed that its …
EU antitrust regulators raid energy drinks company Read More »
HANOI (Reuters) – Vietnam has set up a special panel to find ways to stay competitive for investors when new OECD cross-border tax rules take effect, its central bank said on Tuesday, amid concerns it could negate the benefits of its current tax incentives. With its low labour costs, improving infrastructure and growing free trade …
Vietnam seeks new investor incentives as cross-border tax rules loom Read More »
