By Leika Kihara WASHINGTON (Reuters) – Japan’s new central bank Governor Kazuo Ueda gave a clear message to policymakers gathered for global finance meetings here over the last week: The country will remain a dovish outlier by keeping interest rates ultra-low – at least for now. Since taking the helm a week ago, Ueda has…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan’s army appeared to gain the upper hand on Sunday in a bloody power struggle with rival paramilitary forces, pounding their bases with air strikes, said witnesses. At least 97 civilians had been killed and 365 injured since the fighting in Sudan started, said one doctor’s…
(Reuters) – Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd. The court approval follows overwhelming support from OZ Minerals shareholders for the deal, which is the third largest in global mining in recent months. Shares of the Australian…
SEOUL/TOKYO (Reuters) – South Korea and Japan’s finance ministers will hold a bilateral meeting early next month for the first time in seven years, heralding closer cooperation in economic policy that has been hampered by diplomatic conflict. South Korean Finance Minister Choo Kyung-ho told reporters during a visit to the United States that he has…
SHANGHAI (Reuters) -Workers from Tesla’s Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about planned cuts to their performance bonuses, according to online posts and workers. Posts from online users began appearing on forums such as Baidu Tieba late last week….
By Julia Symmes Cobb BOGOTA (Reuters) – Dissident FARC rebels who rejected a landmark peace agreement in 2016 said on Sunday they are ready to set up a dialogue with the government on May 16 to begin peace talks to bring their group, the Estado Mayor Central (EMC), out of the armed conflict. Leftist…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the interest rate unchanged as expected. The slightly higher fund injection would help replenish liquidity gaps created by upcoming tax payments by banks and…
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…
By Chen Lin SINGAPORE (Reuters) – Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. Economists had expected a 20.8% contraction in a Reuters poll. Exports had contracted 15.8% in February. On a seasonally adjusted month-on-month basis,…
HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Monday it had shipped a second batch of 1,879 longer-range VF 8 sport utility vehicles (SUVs), as it seeks to expand its foothold in overseas markets. VinFast, which is backed by Vietnam’s largest conglomerate Vingroup JSC, in November dispatched a shipment of 999 of its…
