By Joe Cash BEIJING (Reuters) – China, the world’s largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to “resolve the problem in a comprehensive and effective manner.” Liu Kun, China’s finance minister, joined a meeting of the bloc’s finance …
China calls for ‘joint action’ in debt settlements at G20 Read More »
By Anushka Trivedi MUMBAI (Reuters) – Improving macroeconomic fundamentals have made the Indian rupee more resilient, but the central bank’s ‘hands-on’ approach amid periods of volatility will also ensure the rupee outperforms its Asian peers going ahead, strategists and analysts said. The rupee has dropped 1% versus the U.S. dollar so far in February, as …
Indian rupee to outperform Asian peers amid uncertain Fed rate path – strategists Read More »
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation hit a fresh 41-year high in January as companies passed on higher costs to households, data showed on Friday, keeping the central bank under pressure to phase out its massive stimulus programme. The data underscores the dilemma policymakers face as soaring prices of …
Japan’s consumer inflation hits 41-year high, keeps BOJ under pressure Read More »
By Joshua Schneyer, Kristina Cooke and Mica Rosenberg NEW YORK (Reuters) – South Korean automaker Hyundai Motor Co on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working. In a Feb. 24 letter to shareholders …
Exclusive-Hyundai to divest Alabama subsidiary following child labor revelations Read More »
MOSCOW (Reuters) – Russia’s Wagner group of mercenaries has taken full control of the Ukrainian village of Berkhivka, a village on the outskirts of Bakhmut, Wagner founder Yevgeny Prigozhin said on Friday. “Berkhivka is fully under our control. Units of Wagner Private Military Company are in full control of Berkhivka,” he said in a post …
Russia’s Wagner claims control of Ukrainian village near Bakhmut Read More »
BERLIN (Reuters) – Germany will support Ukraine “as strongly and as long as necessary”, Chancellor Olaf Scholz said on Thursday, the one-year anniversary of the full-scale invasion of the country by Russia. “What impresses us all very much – that is the determination and courage of the Ukrainians, how they defend their freedom,” Scholz said …
Scholz: Germany will support Ukraine “as strongly and as long as necessary” Read More »
By Fanny Potkin and Phuong Nguyen SINGAPORE (Reuters) – U.S streaming giant Netflix Inc is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said. A local office would make Netflix the first major U.S tech firm with …
Exclusive-Netflix making preparations to open Vietnam office – sources Read More »
ALMATY (Reuters) – Kazakhstan forecasts its current account surplus in 2023 to reach $2.2 billion, down from $6.1 billion in 2022, central bank governor Galymzhan Pirmatov said on Friday. “The current account of the balance of payments, with the projected decline in commodity prices and steady growth in imports, will gradually move from the previous …
Kazakh central bank sees 2023 current account surplus down at $2.2 billion Read More »
BERLIN (Reuters) – German consumer sentiment is set to improve for a fifth consecutive month in March as energy prices fall, a GfK institute survey showed on Friday. The institute forecast its consumer sentiment index to improve to -30.5 heading into March, up from a revised reading of -33.8 in February, but slightly weaker than …
German consumer sentiment consolidates upward trajectory – GfK Read More »
Berlin (Reuters) – Die Kauflaune der Deutschen bessert sich dank geringerer Rezessionsängste den fünften Monat in Folge. Für März prognostizierten die GfK-Marktforscher einen Anstieg ihres Konsumbarometers um 3,3 auf minus 30,5 Punkte – den höchsten Wert seit Juli 2022. “Trotz anhaltender Krisen, wie dem Ukraine-Krieg, einer schwächelnden Weltwirtschaft sowie hohen Inflationsraten, kann das Konsumklima ein …
GfK-Konsumlaune steigt fünftes Mal in Folge – “Pessimismus schwindet” Read More »
