By Rajendra Jadhav MUMBAI (Reuters) – India is likely to produce 34.3 million tonnes of sugar in 2022/23, down 4% from the previous forecast, after sugar cane yields in key producing states were hit by adverse weather, a senior industry official told Reuters on Tuesday. Lower sugar output could limit exports from the world’s second-biggest …
Adverse weather hits Indian cane crop and curtails sugar output Read More »
TOKYO (Reuters) – Japan will strive to maintain market confidence by conducting appropriate debt management, Finance Minister Shunichi Suzuki said on Tuesday, as the 10-year government bond yields broke above the upper cap of 0.5% set by the central bank. Asked whether the Bank of Japan should take any steps to rein in rising bond …
Japan Finance Minister Suzuki vows to win market confidence in debt management Read More »
JAKARTA (Reuters) – Indonesia’s economic growth this year may be within a range of 4.7% to 5.3%, below an official estimate for 2022 GDP expansion of between 5.2% to 5.3%, the country’s chief economics minister Airlangga Hartarto said on Tuesday. The government’s official growth target for this year is 5.3%. (Reporting by Gayatri Suroyo)
TAIPEI (Reuters) – Taiwan’s economy likely expanded much more slowly in the fourth quarter compared to the prior quarter due to increased global economic headwinds denting demand for technology which is a key export, a Reuters poll showed on Tuesday. Gross domestic product (GDP) likely grew just 1.3% in October-December versus a year earlier, the …
Taiwan Q4 GDP seen growing 1.3% as cooling tech demand weighs: Reuters poll Read More »
By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee was expected to open lower against the U.S. dollar on Tuesday, tracking losses in Asian peers and on dwindling upside momentum, traders said. The rupee was likely to open at around 81.70-81.75 to the dollar compared with 81.6125 in the previous session. All …
Rupee likely to fall on weak Asia FX, waning momentum Read More »
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent COVID curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year. Gross domestic product (GDP) grew …
China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test Read More »
(Reuters) – China’s economy slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and raising pressure on policymakers to unveil more stimulus this year. Gross domestic product (GDP) grew 2.9% in October-December from a year earlier, data from the …
Expert View: China’s economy slows sharply in Q4, 2022 growth one of the worst on record Read More »
SINGAPORE (Reuters) – China’s daily coal output in December fell from November’s record as the country’s rapidly expanding COVID-19 outbreak has sickened miners and slowed demand from industrial users. China produced 402.69 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Tuesday, equivalent to 12.99 million tonnes per …
China coal output in Dec slips on COVID; rises to record in 2022 Read More »
By Gopal Sharma KATHMANDU (Reuters) – Searchers found the cockpit voice recorder and flight data recorder on Monday from a passenger flight that crashed, killing at least 70 people in Nepal’s worst plane accident for 30 years, officials said. The data on the recorders may help investigators determine what caused the Yeti Airlines ATR 72 …
Nepal finds black boxes of aircraft after deadliest crash in 30 years Read More »
(Reuters) – Embattled property developer China Evergrande said on Monday that its auditor, PricewaterhouseCoopers (PwC), had resigned amid disagreements over matters relating to the audit of its 2021 accounts. The issues included the timeline and scope of work involved in assessing the company’s going concern basis as well as additional audit work and procedures required …
China Evergrande’s auditor PwC quits over 2021 audit-related matters Read More »
