BANGKOK (Reuters) – Thailand’s economy is projected to grow 3.9% this year, up from a previous forecast of 3.6%, helped by private consumption growth and a recovery in tourism, the World Bank said on Wednesday. Southeast Asia’s second-largest economy expanded 2.6% in 2022, when its tourism sector began to rebound after broad pandemic-related travel curbs…
By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors have racked up positive returns so far this year, with the higher income from bonds offering a buffer against market weakness if the Federal Reserve increases interest rates again. It is a turnaround from the losses of 2022, which marked the end of a…
A look at the day ahead in U.S. and global markets from Mike Dolan Eyeing another slew of impressive U.S. economic soundings, the world’s four most powerful central bankers are set to give a collective take on Wednesday on their final policy push to rein in inflation. Markets are torn between embracing the resilience of…
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and…
By Jack Queen (Reuters) -Former U.S. President Donald Trump on Tuesday sued E. Jean Carroll for defamation, alleging she falsely accused him of rape after a jury in a civil trial found that he sexually abused her. Trump’s counterclaim against Carroll in Manhattan federal court comes after a jury’s unusual finding in May that he…
By Alex Lawler LONDON (Reuters) -Oil rallied on Wednesday after an industry report of a larger-than-expected drop in U.S. crude inventories suggested robust demand and helped offset worries over further interest rate hikes. Crude stocks fell by about 2.4 million barrels, market sources said, citing data from industry group American Petroleum Institute (API) ahead of…
(Reuters) -Euro zone bank lending slowed in May as a record series of European Central Bank rate hikes work their way through the financial sector, though the data is unlikely to dissuade policymakers from further tightening. The ECB has been raising interest rates at the fastest pace on record over the past year to combat…
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit cards to their platforms, an issue that has long plagued foreign visitors as the country’s payment system has kept credit cards out for years. Tencent, operator of the popular chat…
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund are discussing a $2.5-billion “standby arrangement” for six to nine months, domestic newspapers said on Wednesday, with the current bailout programme set to expire on June 30. Pakistan rushed through a recent slew of policy adjustments, including a revised budget sought by the IMF and an…
By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank over repeated interest rate hikes, saying it was following a “simplistic” policy approach that could do more harm than good. The ECB raised euro zone interest rates to their highest level in 22 years this…
