January 2023

JAKARTA (Reuters) – Indonesia’s inflation rose slightly in December and remained above the central bank’s target range for the seventh straight month, official data showed on Monday. The headline annual inflation rate picked up to 5.51% in December, compared with 5.42% in November and 5.39% expected by analysts polled by Reuters. Bank Indonesia’s inflation target…

SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global purchasing managers’ index (PMI) for South Korea manufacturers fell to a…

(Reuters) -For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year…

(Reuters) -A data breach at Toyota Motor’s Indian business might have exposed some customers’ personal information, it said on Sunday. Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group. “Toyota Kirloskar Motor (TKM) has been notified by one…

By Marc Jones LONDON (Reuters) – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on…

(Reuters) – Facebook owner Meta Inc is preparing to announce whether it will allow former U.S. President Donald Trump back on to Facebook and Instagram, the Financial Times reported on Sunday. The social media giant had previously said it will decide by Jan 7 whether to allow the former president to return. However, that decision…