BANGKOK (Reuters) – Thai Prime Minister Srettha Thavisin said on Wednesday he believes the economy is in crisis, adding the government would roll out stimulus measures in addition to the ‘digital wallet’ handout scheme. He added it was fine if the central bank chief disagreed. Srettha’s comments come after the central bank governor told Reuters …
BENGALURU (Reuters) – Indian shares will likely open with slight gains on Wednesday, tracking their Asian peers after overnight gains on Wall Street, with the focus on whether Axis Bank’s better-than-expected results can alleviate some of the pressure on financial stocks. India’s GIFT Nifty was trading at 22,029 points as of 8:21 a.m. IST, suggesting …
Indian shares set to open marginally higher, tracking Asian peers Read More »
BEIJING (Reuters) -China created 12.44 million new urban jobs last year, meeting its target, but more efforts are needed to prop up employment amid uncertain economic conditions in 2024, the country’s human resources ministry told a press conference on Wednesday. China set a goal to create around 12 million urban jobs in 2023. The job …
China adds 12.44 million urban jobs in 2023，says more effort needed this year Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that may pave the way for the central bank to exit its decade-long super-loose monetary policy. The talks come a day after the Bank of Japan (BOJ) took a hawkish turn in policy even …
Japanese firms, unions kick off wage talks as markets bet on bigger pay hikes Read More »
HONG KONG/BEIJING (Reuters) – China will boost efforts to attract foreign firms and will not change its stance to protect the legal rights of foreign companies, the nation’s top financial regulator said. “The Chinese mainland will not change its policy to enhance efforts to attract and utilise foreign capital into its financial industry,” Li Yunze, …
China will step up efforts to attract foreign firms, financial regulator says Read More »
SEOUL (Reuters) -North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea’s Joint Chiefs of Staff said, in the latest sign of heightened tensions on the Korean peninsula. The missiles were fired at around 7 a.m. (2200 GMT on Tuesday) and the launches were being analysed by South …
North Korea fires cruise missiles off west coast, Seoul says Read More »
By Milounee Purohit BENGALURU (Reuters) – India will remain the fastest-growing major economy this year and next, boosted by continued strong government spending, according to a Reuters poll of economists who also said inflation was unlikely to surge again. The world’s most populous country performed better than expected in the first two quarters of this …
India to retain top economy title as government spending stays strong – Reuters Poll Read More »
By Melanie Burton (Reuters) -At least two iron ore cargoes from the world’s No.4 supplier Fortescue Metals Group are facing unusual customs delays at north China’s Caofeidian port due to inspections for solid waste, sources with knowledge of the matter said. The cargoes were in two shipments totalling roughly 400,000 metric tons, the sources said, …
Fortescue faces rare delays for China iron ore customs clearance – sources Read More »
(Reuters) – China’s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told Bloomberg News in an interview. Fu told Bloomberg that China is cooperating with the EU’s probe “because we do want to avoid a situation that the two sides will have to …
China says EU’s ‘unfair’ EV subsidies probe risks damaging ties- Bloomberg News Read More »
MANILA (Reuters) – The Philippines armed forces will guarantee the “unimpeded and peaceful” exploration and exploitation of natural resources within the country’s exclusive economic zone (EEZ) as it shifts its focus to external defence, Manila’s defense secretary said. “We are evolving into a defence concept which projects our power into areas where we must, by …
