By Manoj Kumar NEW DELHI (Reuters) – India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier government forecasts when the National Statistical Office releases its first advance GDP estimates on Friday. An increased estimate of annual gross domestic product is widely …
India likely to report higher GDP growth estimates for 2023/24 Read More »
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China’s local government financing vehicles (LGFVs) are repaying their bonds early at the fastest pace since 2018, taking advantage of a Beijing-backed debt swap programme aimed at slashing localities’ borrowing costs. The redemptions have jumped since October, when Beijing allowed local governments to issue special refinancing bonds, …
China’s local governments face opposition to early debt redemptions Read More »
SEOUL (Reuters) – North Korean leader Kim Jong Un has called for boosting production of various missile launch vehicles, calling it an important task to prepare for a “military showdown” with the enemy, state media reported on Friday. Visiting a transporter erector launcher (TEL) manufacturing factory, Kim said producing various vehicles for tactical and strategic …
North Korea’s Kim calls for boosting missile launch vehicle production -KCNA Read More »
(Reuters) – A look at the day ahead in Asian markets by Alden Bentley, Americas Breaking News Editor for Finance & Markets Asian markets must wait over the weekend to trade on U.S. December employment data, the first globally significant economic release of 2024 that comes out after they close on Friday. But if subdued …
Marketmind: All eyes on U.S. employment report to set the tone Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold held steady on Thursday after four sessions of decline as investors braced for the U.S. non-farm payrolls data that could influence the Federal Reserve’s interest-rate path, while palladium prices slipped on a dim long-term demand outlook. Spot gold edged up 0.2%, to $2,044.39 per ounce by 2:50 p.m. …
Gold gets a breather as US payrolls loom; palladium slips Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose against most currencies on Thursday in choppy trading, bolstered by better-than-expected U.S. labor market data that dampened expectations of multiple interest rate cuts by the Federal Reserve this year. A crucial nonfarm payrolls report due on Friday could guide the outlook on Fed policy easing. Economists …
Dollar gains vs most currencies as US nonfarm payrolls loom Read More »
By David Shepardson WASHINGTON (Reuters) -The top Republican and Democrat on the U.S. House of Representatives’ China committee on Thursday asked the Biden administration to consider adding China’s Quectel Wireless to a list of Chinese military companies. Inclusion on the Treasury Department list would bar U.S. entities from buying or selling publicly traded securities in …
Lawmakers ask Pentagon to consider barring US investments in China’s Quectel Read More »
By Aditya Kalra NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani’s Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has …
Disney, Reliance start antitrust diligence on India media merger -sources Read More »
NEW DELHI (Reuters) – Indian state fuel retailers have raised the purchase price of ethanol made from maize by 5.79 rupees a litre to 71.86 rupees ($0.8635) per litre to encourage its production for blending with gasoline, local media reported. India is promoting the use of maize as an alternative to sugar to boost ethanol …
India state fuel retailers raise maize ethanol purchase price -local media Read More »
WAJIMA, Japan (Reuters) – Thousands of rescuers pressed on in a search for survivors of a New Year’s Day earthquake that killed at least 84 people in Japan, hoping to save as many as possible despite a three day survival window that ended on Thursday afternoon. “We must continue putting all of our efforts into …
Rescuers race against time to find survivors of Japan earthquake Read More »
