BANGKOK (Reuters) – Car production in Thailand rose 4.16% in March from a year earlier to 179,848 units, as a shortage of microchips eased, the Federation of Thai Industries (FTI) said on Tuesday. Exports of cars increased 4.84% in March from a year earlier, after February’s 11.42% rise, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive…
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations. “In light of current economic, price and financial developments, it’s appropriate to maintain monetary easing, now…
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations. “In light of current economic, price and financial developments, it’s appropriate to maintain monetary easing, now…
TOKYO (Reuters) – Japan’s business-to-business service inflation hit an eight-year high in the fiscal year that ended March, data showed on Tuesday, a sign inflationary pressure was broadening beyond goods reflecting a tight job market and solid domestic demand. The data may keep alive market expectations that new Bank of Japan (BOJ) Governor Kazuo Ueda…
WASHINGTON (Reuters) -The executive board of the International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement. The IMF said Tanzania’s economic reform program is progressing well in a challenging global economic environment, but…
By Xie Yu HONG KONG (Reuters) – Stocks fell broadly, while the U.S. dollar also weakened early on Tuesday, as investors weigh corporate earnings and economic growth outlooks in a busy week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.7% by 0220 GMT. Hong Kong’s benchmark edged down 1.2%, while mainland stocks…
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will almost certainly add 25 basis points to its deposit rate on May 4 and then take it to 3.50% or higher in June as core inflation remains persistently high, according to economists polled by Reuters. Euro zone headline inflation moderated further last month but…
TOKYO (Reuters) – Japan raised its official assessment of imports for first time in nine months, the government’s monthly economic report showed on Tuesday, as the yen’s double-digit depreciation from a year earlier puffed up the value of imported goods. While the report maintained the overview of the economy that it was on a moderate…
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s heavily trade-reliant economy barely averted a recession posting slim growth in the first quarter, but the outlook remained clouded by weak exports due to a cooling global economy, even with China’s reopening. South Korea’s gross domestic product (GDP) in the first quarter expanded by 0.3%…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on the back foot and the euro climbed on Tuesday, as regional bank jitters had traders expecting U.S. interest rate cuts before long, while in Europe a 50 basis point hike remains a live option at next week’s central bank meeting. The euro rose above $1.10…
