OSLO (Reuters) – Orsted has made a final investment decision to go ahead with its planned 920 megawatt (MW) Greater Changhua 2b and 4 offshore wind farms in Taiwan with expected completion by the end of 2025, the Danish energy group said on Friday. Orsted was awarded the project in June 2018 in Taiwan’s first …
Ankara (Reuters) – Die Türkei hat als letztes Mitgliedsland dem Nato-Beitritt Finnlands zugestimmt. Das türkische Parlament ratifizierte das entsprechende Protokoll am Donnerstag. “Vielen Dank an alle Länder für Ihre Unterstützung. Als Verbündete werden wir nun für Sicherheit sorgen und diese auch bekommen. Wir werden uns gegenseitig verteidigen”, schrieb die finnische Ministerpräsidentin Sanna Marin kurz nach …
Türkisches Parlament stimmt für Finnlands Nato-Beitritt Read More »
HANOI (Reuters) – Vietnam would need investment of up to 270 trillion dong ($11.51 billion) to expand its national fuel storage system by 2030, state media reported on Friday, citing a draft plan prepared by the Ministry of Industry and Trade. The investment would raise the country’s crude oil and refined fuel storage capacity to …
Vietnam needs $11.5 billion to expand national fuel storage capacity by 2030 Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan should consider allowing longer-term interest rates to move more flexibly even as it maintains ultra-loose monetary policy, a senior International Monetary Fund official said on Friday. The central bank can mitigate the strain on financial institutions by allowing the longer end of the curve to move …
IMF urges BOJ to allow longer yields to move more flexibly Read More »
By Xinghui Kok (Reuters) – Growth in the developing economies of East Asia and the Pacific will accelerate in 2023 thanks to China’s reopening and economic rebound, but high inflation and household debt will weigh on consumption in some countries, the World Bank said on Friday. The Washington-based lender in a report said it expected …
World Bank raises 2023 growth outlook in developing East Asia as China reopens Read More »
By Aleksandar Vasovic PODGORICA (Reuters) – Montenegro holds a run-off presidential election on Sunday in which long-time incumbent Milo Djukanovic faces a strong challenge from a Western-educated economist who has promised a fresh start after a year of political deadlock. Djukanovic, 61, has dominated Montenegro as president or prime minister for 33 years, …
Montenegro to elect president in tight race after year of deadlock Read More »
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry will set up a panel …
Japan edges closer toward issuing digital yen with plans for new panel Read More »
A look at the day ahead in European and global markets from Tom Westbrook A lot of investors went in to this year expecting the U.S. interest rate outlook to reveal itself, and for clarity on that front to inform pricing for pretty much everything else. Three months have gone by and it hasn’t quite …
Marketmind: Q1 was hard to get a handle on, and a choppy Q2 beckons Read More »
By Ira Dugal MUMBAI (Reuters) – Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending growth in 2023-24, are likely to fall short of their targets posing a risk to economic growth, experts said. The states – including Maharashtra, home to the country’s financial capital …
Indian states likely to fall short of spending targets, posing growth risk – economists Read More »
By Daina Beth Solomon and Raul Cortes MEXICO CITY (Reuters) -Five people have been arrested for alleged roles in the deaths of 39 people after a fire at a Mexican migrant detention center this week, authorities said Thursday, as pressure mounts to understand why victims appeared to be left in their cells as the area …
Mexico arrests 5 after deadly fire at migrant detention center Read More »
