By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is likely to raise its inflation forecast for the current fiscal year to near 2% at this month’s policy meeting as global commodity inflation drives up energy and food costs, said three sources familiar with its thinking. While the upgrade will bring inflation…
By Josh Horwitz and Sarah Wu SHANGHAI/TAIPEI (Reuters) – Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China’s COVID-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China’s race to stop the spread of COVID-19…
By Guy Faulconbridge LONDON (Reuters) -Russia may be in default after it tried to service its dollar bonds in roubles due to Western sanctions over the war in Ukraine, Moody’s said, Moscow’s first major default on foreign bonds since the years following the 1917 Bolshevik revolution. Russia made a payment due on April 4 on…
LONDON (Reuters) – Moody’s Investors Service said that Russia may be in default after it made payments on dollar bonds with roubles. “Russia reportedly made payments on two bonds maturing in 2022 and 2042 in rubles rather than US dollars which represents a change in payment terms relative to the original bond contracts and therefore…
SHANGHAI (Reuters) -Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng, said on Thursday. Growing lockdowns to stop the spread of COVID-19 in China are clogging highways and ports and…
TOKYO (Reuters) – Japan’s core consumer inflation likely accelerated in March from a year earlier but was still well short of the Bank of Japan’s price goal, a Reuters poll showed, bolstering the view that the BOJ will lag way behind other central banks in normalising policy. Separate data is expected to show Japan’s trade…
