Ad Behind the Markets
By Tom Westbrook SINGAPORE (Reuters) -Decades-long foreign bullishness on China’s capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary. There have been ample excuses to buy China as the world’s second biggest economy gathers steam. Post-pandemic…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its interest rate unchanged at 3.6% on Tuesday for a second consecutive meeting to assess the impact of past hikes on inflation, according to a Reuters poll of economists who were split on where it would peak. Although inflation eased from 7.8% to 7%…
WASHINGTON (Reuters) – It was take-your-child-to-work day at the White House on Thursday and President Joe Biden leaped fully into the event, taking questions from inquisitive kids at a mock news conference where some revelations were made: Chocolate chip ice cream is his favorite and Top Gun Maverick his preferred movie. Biden, 80, sporting his…
KUALA LUMPUR (Reuters) – The United States lifted a 17-month import ban on products from Malaysian rubber glove maker Smart Glove, saying the company has addressed exploitative labour practices. U.S. Customs and Border Protection (CBP) in November 2021 sanctioned imports from Smart Glove and its group of companies over the alleged use of forced labour…
By Andrea Shalal and Steve Holland WASHINGTON (Reuters) – The situation in Sudan could worsen at any moment and Americans should leave within the next 24 to 48 hours, White House spokesperson Karine Jean-Pierre said on Thursday. The administration was deeply concerned by an increase in ceasefire violations in Sudan on Wednesday, and the U.S….
By Byron Kaye and Roushni Nair SYDNEY/BENGALURU (Reuters) – Australian No. 2 supermarket chain Coles Group Ltd on Friday said store price inflation eased in the March quarter as supply chain blockages improved, but flagged a surge of demand as living cost pressures lead to more people eating at home. The trading update from one…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) will discuss on Friday conducting a comprehensive examination of its past monetary easing steps and revise its guidance on the future policy path, the Nikkei newspaper reported. While the central bank is widely expected to keep yield curve control (YCC) steady, any such move could…
MANILA (Reuters) – Philippine annual inflation in April was expected to come in between 6.3% and 7.1%, with downward pressure from lower electricity rates and a decline in prices of fish and vegetables, the central bank said on Friday. Bangko Sentral ng Pilipinas said it “remains prepared to respond appropriately to continuing inflation risks in…
DUBAI (Reuters) – Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels in sensitive Gulf waters since 2019. Iran’s army said it had seized a Marshall Islands-flagged oil tanker in the…
