TOKYO (Reuters) – Japan posted a current account surplus for the third month in April as the trade deficit narrowed and income gains from overseas investment grew, government data showed, easing worries about declines in the country’s balance of payments. The current account stood at 1.9 trillion yen ($13.58 billion) surplus in April, Ministry of…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand, long known for its staunch independence in foreign policy, sees like-minded partners as key to helping it navigate a more strategically challenging environment in the Asia Pacific region, its foreign minister said on Thursday. The comments came as tensions mount between the United States and China and…
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia (RBA) will hike its key interest rate once more by the end of September to 4.35% following a surprise hike on Tuesday and then hold policy for the rest of the year, according to economists in a snap Reuters poll. Having paused rate increases…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from India and revised Japanese GDP will be the big local drivers for Asian markets on Thursday, with wider sentiment soured by a profit-taking slump in U.S. tech stocks and a surprising rate hike…
By Kate Abnett and Riham Alkousaa BRUSSELS/BONN (Reuters) – Russia intends to block European Union countries from hosting next year’s U.N. international climate negotiations, according to internal emails seen by Reuters, a potential setback for EU-member Bulgaria’s competition with Azerbaijan and Armenia to draw the massive conference. Moscow’s intervention shows how geopolitical disputes since Russia’s…
(Reuters) -Air New Zealand on Thursday upgraded its full-year forecast for earnings before other significant items and taxation for the second time on the back of strong demand and lower jet fuel prices. The airline now expects earnings before other significant items and taxation for fiscal 2023 to be no less than NZ$580 million ($350…
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation. U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said…
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb. On Wall Street, stocks ceded earlier gains, with the…
By Matt Spetalnick and Patricia Zengerle WASHINGTON (Reuters) – Senior U.S. policy makers took aim at China on Wednesday over its approach to Latin America, accusing Beijing of breaching economic norms and urging it to do more to help combat the illegal fentanyl trade. Testifying before a House of Representatives subcommittee, Brian Nichols, assistant secretary…
LONDON (Reuters) -Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year…
