South Korea says new FX steps will boost won’s status, business for firms

By Choonsik Yoo and Yena Park SEOUL (Reuters) -South Korea’s plans to loosen restrictions in its currency market will raise the won’s status globally and boost business opportunities for local financial firms, a vice finance minister told Reuters on Thursday. The new measures, unveiled earlier this week, call for more than doubling the trading hours …

South Korea says new FX steps will boost won’s status, business for firms Read More »

Indian shares muted on Fed rate-hike fears; Adani stocks resume fall

BENGALURU (Reuters) -Indian shares struggled for direction before closing marginally higher on Thursday as gains in high-weightage financials and tech stocks offset concerns over the U.S. Federal Reserve’s rate-hike trajectory and a slide in Adani Group stocks. The Nifty 50 index closed 0.12% higher at 17,893.45, while the S&P BSE Sensex ended 0.23% up at …

Indian shares muted on Fed rate-hike fears; Adani stocks resume fall Read More »

Unilever expects Chinese ‘consumption boom’ in wake of lockdowns

By Richa Naidu LONDON (Reuters) – Unilever said on Thursday it expects a “consumption boom” in China as lockdowns ease, flagging $1.5-$2 trillion in “excess household savings” it believes could boost its sales in the country and in Southeast Asia. After almost three years of a “zero-COVID” strategy, Beijing dropped restrictions almost completely in early …

Unilever expects Chinese ‘consumption boom’ in wake of lockdowns Read More »

Africa gears up to keep more of the profits from lithium boom

By Clara Denina and Wendell Roelf CAPE TOWN (Reuters) – Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for the battery material. As the auto industry shifts towards electric vehicles (EVs) – spurred by proposed bans on fossil-fuel cars …

Africa gears up to keep more of the profits from lithium boom Read More »

Indian govt bond supply to outstrip demand in FY24, prompt RBI action – StanChart strategist

By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – Supply of Indian government debt in the coming fiscal year is likely to outstrip demand, pushing up bond yields and prompting the Reserve Bank of India to likely provide support via bond buys, a rates strategist at Standard Chartered Bank said. The federal government aims to …

Indian govt bond supply to outstrip demand in FY24, prompt RBI action – StanChart strategist Read More »

Estado de emergencia en el PSG antes del choque con el Bayern en Champions

Por Julien Pretot PARÍS, 9 feb (Reuters) – El París Saint Germain, que ha mostrado preocupantes carencias en todos los ámbitos este año, necesita imperiosamente recomponerse si quiere tener alguna posibilidad ante el Bayern de Múnich en su duelo de octavos de final de la Liga de Campeones de la próxima semana. Los líderes de …

Estado de emergencia en el PSG antes del choque con el Bayern en Champions Read More »

Österreichs Kanzler – EU muss Asylbremse anziehen

Brüssel/Berlin (Reuters) – Österreichs Bundeskanzler Karl Nehammer hat drastische Maßnahmen der EU-Staaten gegen die wachsende Zahl ankommender Migranten und Flüchtlinge gefordert. “Wir müssen in der ganzen Europäischen Union die Asylbremse anziehen”, sagte der konservative Politiker am Donnerstag vor dem Beginn des EU-Sondergipfels in Brüssel. Er verwies auf stark steigende Zahlen und forderte etwa für Länder …

Österreichs Kanzler – EU muss Asylbremse anziehen Read More »