By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said he expects the global economy to rebound after a period of slowdown which will help keep domestic wages rising, maintaining the bank’s upbeat economic outlook. But Ueda said he told his G20 counterparts the central bank intends to keep monetary policy ultra-loose since…
SYDNEY (Reuters) – The state of Western Australia will allocate land to a battery metal processing facility proposed by IGO Ltd and Wyloo Metals, which is backed by billionaire Andrew Forrest, as the country pushes to process more critical minerals at home. Australia, which supplies nearly half the world’s lithium and is a major producer…
By Adriana Barrera and Lizbeth Diaz MEXICO CITY (Reuters) – Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking, as well as Mexico’s Sinaloa and CJNG drug cartels and their supply chains, in joint bid to reduce consumption of the powerful opioid. The deal came after a meeting…
By Leika Kihara and Jorgelina do Rosario WASHINGTON (Reuters) -Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies. It remains uncertain, however, whether Sri Lanka’s…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are poised to end the week on a positive note, spurred by a powerful rally on Wall Street and growing optimism that the Fed might achieve the holy grail of a ‘soft landing’ for the U.S….
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior U.S. Treasury official told reporters. The firms – from the United States,…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. “The question is, can we be more determined to enhance security…
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it had not received any request from Tunisia to re-evaluate loan conditions while also denying it had imposed ‘diktats’ on the country as it considers a bailout package. “The Tunisian authorities did not ask us to reconsider the program so far,” Jihad Azour, director of…
(Reuters) – A raging industrial fire in eastern Indiana is expected to be almost entirely extinguished by Thursday evening or Friday morning, officials said, after days of thick smoke shut down schools and forced hundreds of residents to evacuate. The blaze at a plastics recycling facility in Richmond, Indiana, a city of 35,000 about 70…
CAIRO (Reuters) -Egypt and the International Monetary Fund have yet to agree on a date for the initial review under a $3 billion financial package signed in December, an IMF official said on Thursday, a sign the lender may be growing frustrated by Cairo’s lack of reforms. The IMF in December approved a $3 billion…
