By Chen Aizhu SINGAPORE (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter…
By Chen Aizhu SINGAPORE (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter…
By Steve Gorman (Reuters) – A convicted killer imprisoned in Peru will be handed over to U.S. authorities to face extortion and fraud charges there stemming from the unsolved 2005 disappearance and presumed murder of an Alabama teenager, the Lima government said on Wednesday. The executive order from Peru’s Council of Ministers allowing the temporary…
BEIJING (Reuters) – China and Ecuador signed a free trade agreement on May 11, China’s commerce ministry said on Thursday. The two sides will create a more favourable, transparent and stable business environment for enterprises through the FTA, and further stimulate the potential of trade and investment cooperation between the two countries, the ministry said….
SEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of 1.8%, saying a deeper and longer export slump than previously expected is likely to offset resilient private consumption. The Korea Development Institute’s latest projection compared with the 2.6% that Asia’s…
By Hyonhee Shin SEOUL (Reuters) – South Korea on Thursday lowered its crisis level for COVID-19 and will from June no longer require infected people to quarantine for seven days, dropping one of the country’s few remaining pandemic-related restrictions. Health authorities will still recommend five days of self-isolation for infected people but it will not…
By Mike Blake and Ted Hesson SAN DIEGO/WASHINGTON (Reuters) – Thousands of migrants are crossing into the United States this week before a new regulation takes effect that could bar most who cross illegally from seeking asylum, while others gathered on the Mexico side amid confusion about U.S. policy. The U.S. rolled out a regulation on…
By Tim Reid (Reuters) – Republican former President Donald Trump on Wednesday played down the severity of a potential U.S. government default, saying the consequences of a failure by Congress to raise the nation’s debt limit “could be maybe nothing.” Most economists warn that a failure to raise the debt ceiling by June 1, when…
By Francesco Guarascio (Reuters) -A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea. It follows a pattern of assertive moves of late by Beijing in its…
MANILA (Reuters) – The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, topping expectations. On a quarter-on-quarter basis, growth slowed to 1.1% from the earlier reported 2.4% expansion in the previous three-month period. Analysts polled by Reuters had expected first quarter gross domestic product (GDP)…