By Sarita Chaganti Singh NEW DELHI (Reuters) – China’s BYD has told its India joint-venture partner it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said. BYD and its partner, privately held Megha Engineering and…
By Jeanny Kao and Faith Hung TAIPEI (Reuters) -Taiwan’s export-dependent economy returned to growth in the second quarter, helped by resilient domestic consumption, while exports remained weak as a result of flagging demand for the island’s technology products amid global headwinds. Gross domestic product (GDP) expanded by a preliminary 1.45% in the April-June period versus…
By Rich McKay (Reuters) – Three men convicted more than a decade ago of plotting to blow up New York City synagogues, a Jewish community center and shoot down military planes, were ordered to be released from prison by a judge on Thursday who said they had been manipultaed by the FBI. In a scathing…
LONDON (Reuters) – Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in some big economies has cooled faster than expected. Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen…
ATHENS (Reuters) – A further rise in euro zone interest rates in September looked “difficult”, Greek central bank chief Yannis Stournaras said in an interview with a Greek news website released on Friday. “It looks like we are very close to the end of interest rate rises,” Stournaras, considered a dove on the ECB’s 26-member…
By Selena Li and Lawrence White HONG KONG (Reuters) -Standard Chartered PLC upgraded its annual profit forecast on Friday and set a new $1 billion share buyback after a strong first-half performance, as rising rates and a record financial markets business propelled the lender’s margins. StanChart, which earns most of its revenue in Asia, said…
By Chen Lin SINGAPORE (Reuters) – Singapore’s private home prices rose 3.1% in the first half of the year, official data showed on Friday, bucking a downward trend in global property markets and resisting government measures to cool the red-hot market and rising living costs. Real estate prices in the second quarter dipped just 0.2%,…
FRANKFURT (Reuters) – Big euro zone firms are recording stagnating activity levels and see no improvement in the current quarter with risks tilted towards even more negative outcomes, the European Central Bank said on Friday based on a survey of large firms. The survey adds to an already gloomy picture with a raft of indicators…
FRANKFURT (Reuters) – Core inflation in the euro zone will come down more slowly than previously thought as wage growth is seen picking up in a tight labour market, a European Central Bank survey showed on Friday. The latest Survey of Professional Forecasters (SPF) was presented to ECB policymakers this week as they decided to…
LONDON (Reuters) – UK authorities said on Friday they were investigating defence ministry emails that were mistakenly sent to the wrong recipient, after reports that messages intended for U.S. military intelligence ended up with Russian ally Mali. Ministry of Defence officials were trying to contact the Pentagon, whose domain name is “.mil”, but accidentally sent…
