MANILA (Reuters) – Philippine annual inflation in March was expected to come in between 7.4% and 8.2%, with downward pressure seen from lower prices of petroleum and some food items, the central bank said on Friday, ahead of the release of the data on April 5. High inflation, which at 8.6% in February was well …
Philippine central bank: March annual inflation likely in 7.4%-8.2% range Read More »
SEOUL (Reuters) – South Korea will announce higher electricity and natural gas prices for the second quarter in the next few days, the energy ministry said on Friday, after the government failed to reach an agreement with parliament on the new rates. The government was supposed to set the new prices on Friday but, in …
South Korea delays decision on energy price hikes for Q2 Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) – Japan, the world’s fifth-biggest carbon dioxide (CO2) emitter, will begin a carbon pricing scheme in stages from April to encourage companies to curb emissions and achieve its goal of carbon neutrality by 2050. The country is the latest among Asian nations to formulate plans to create …
Explainer-Japan’s carbon pricing scheme being launched in April Read More »
QUITO, 30 mar (Reuters) -La oposición de Ecuador tiene pruebas convincentes para presentar contra el presidente Guillermo Lasso en el juicio político, dijo el jueves una legisladora, incluidas supuestas irregularidades en un contrato de transporte de crudo, algo que el mandatario negó con vehemencia en un mensaje televisado. La Corte Constitucional dio luz verde la …
By Choonsik Yoo SEOUL (Reuters) -South Korea’s factory output slumped while retail sales jumped in February, data showed on Friday, signalling an uneven economic recovery and bolstering the market’s view that the central bank will keep rates on hold for the rest of the year. The industrial output index fell 3.2% in February from the …
South Korea data shows uneven economic recovery, suggests steady rates Read More »
MEXICO CITY (Reuters) – French car parts maker Faurecia opened a $147 million plant in Mexico to make car seats and interiors, the company said on Thursday, the latest in a string of auto sector investments driving the country’s so-called “nearshoring” boom. Faurecia said it expects the plant in the northern border state of Nuevo …
French car parts maker Faurecia opens $147 million plant in Mexico Read More »
(Reuters) – Donald Trump has been indicted by a Manhattan grand jury after a probe into hush money paid to porn star Stormy Daniels, becoming the first former U.S. president to face criminal charges. The charges from an investigation led by Manhattan District Attorney Alvin Bragg come as Trump seeks the Republican nomination to run …
Reaction to former President Donald Trump’s indictment Read More »
QUITO (Reuters) -Ecuador’s opposition has compelling evidence to present against President Guillermo Lasso at his impeachment hearing, a lawmaker said on Thursday, including irregularities in a crude oil shipping contract, accusations Lasso vehemently denied in a televised message. The Constitutional Court gave the green light on Wednesday night to begin impeachment hearings for alleged embezzlement …
Ecuador lawmaker says there is ‘compelling’ graft evidence against President Lasso Read More »
By Chen Lin SINGAPORE (Reuters) – The overseas unit of China’s biggest hotpot chain Haidilao expects to return to profit this year, after posting almost 80% year-on-year growth in revenue for 2022 late on Thursday. Haidilao International Holding’s overseas unit, Super Hi International Holding, posted revenue of $558.2 million and a net loss of $41.3 …
Chinese top hotpot chain’s overseas unit sees profit this year Read More »
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China’s reopening, the World Bank said on Friday. The 2023 outlook was unchanged from a forecast in December, and compared with …
World Bank maintains Thailand’s 2023 growth outlook at 3.6% Read More »
