By Faith Hung TAIPEI (Reuters) – Taiwan’s export orders in January contracted from a year earlier for a fifth month in a row, though at a slower pace, hit by a continued slump in Chinese demand and weaker global consumer spending due to inflation and interest rate rises. The island’s export orders, a bellwether for …
Taiwan Jan export orders fall more slowly, downside risks remain Read More »
BANGKOK (Reuters) – Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday. The banking system remained strong with high levels of capital, loan-loss provisions and liquidity and was able to …
Thai banks’ bad loans slow to 2.73% of lending at December-end -central bank Read More »
(This Feb. 17 story has been corrected to fix SoftBank Group’s Reuters Instrument Code in paragraph 4.) By Echo Wang NEW YORK (Reuters) – Is the IPO winter finally easing? A year after Russia’s invasion of Ukraine and an inflation rally fueled a bout of market volatility that prevented most initial public offerings in 2022, …
By David Shepardson (Reuters) -U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train operated by Norfolk Southern. Buttigieg in a letter to Norfolk Southern Chief Executive Alan Shaw said he would also urge Congress to raise …
Buttigieg urges U.S. railroads to boost safety, not oppose reforms Read More »
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough second-half as households reel from mounting expenses due to higher cost of living. Top supermarket chains Woolworths Group and Coles Group will likely see growth in their …
Aussie supermarkets set to capitalise on high inflation, but softer demand ahead Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Three central bank policy decisions dominate the economic calendar in Asia this week, as investors continue to grapple with the profound market implications of the most dramatic repricing of U.S. interest rate expectations in decades. This comes against …
CAIRO (Reuters) -Lebanon’s embattled central bank chief Riad Salameh said on Sunday he would leave his post once his latest term ends in July even if he is asked to stay longer. “No one has asked me to continue [as central bank chief] but even if they do, I think this is enough,” he said …
Lebanon’s central bank chief says he will not renew his term Read More »
(Reuters) – Tom Sizemore, an American actor known for his roles in “Saving Private Ryan” and “Black Hawk Down,” has been hospitalized in Los Angeles after suffering a brain aneurysm early Saturday morning and is in critical condition, his manager said. “He is currently in critical condition and it’s a wait and see situation,” the 61-year-old …
Actor Tom Sizemore of ‘Saving Private Ryan’ hospitalized from brain aneurysm -manager Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation. As a tepid fourth-quarter results season comes to an end, …
Wall Street Week Ahead: Retailers’ results may be next test for rally in U.S. stocks Read More »
By Jonathan Landay MUNICH, Germany (Reuters) – Ukrainian officials have urged U.S. Congress members to press President Joe Biden’s administration to send F-16 jetfighters to Kyiv, saying the aircraft would boost Ukraine’s ability to hit Russian missile units with U.S.-made rockets, lawmakers said. The lobbying came over the weekend on the sidelines of the Munich …
Ukraine presses U.S. Congress members for F-16 jetfighters, lawmakers say Read More »
