By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three years on Thursday, signalling a change of course to fuel a rebound in the economy. The…
By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill that suspends…
(Reuters) – The United States has called for a U.N. Security Council meeting on Friday to discuss North Korea’s attempted satellite launch this week, the spokesperson for the U.S. mission to the United Nations said. The launch on Wednesday was an attempt by North Korea to put its first spy satellite into space, but it…
By Marie Mannes STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. In a filing in 2022 the company referred…
By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered from a two-month low on…
WASHINGTON (Reuters) – Sri Lanka is showing a “strong commitment” to implementing economic reforms but must continue this momentum amid a challenging economic environment, International Monetary Fund Deputy Managing Director Kenji Okamura said on Thursday. In a statement at the conclusion of his visit to Columbo, Okamura said continued open dialogue with Sri Lanka’s creditors…
By Wendell Roelf CAPE TOWN (Reuters) -BRICS foreign ministers on Thursday asserted their bloc’s ambition to rival Western powers but their talks in South Africa were overshadowed by questions over whether Russia’s president would be arrested if he attended a summit in August. South Africa’s foreign minister Naledi Pandor said her country was mulling options…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the U.S. debt ceiling helped to offset the impact of rising inventories in the country. U.S. West Texas Intermediate crude (WTI) rose…
By Carolina Mandl NEW YORK (Reuters) -A big buyer of Nvidia Corp’s shares in the first quarter, Australia-listed investment firm GQG Partners, said it has continued to increase its exposure to the company since then as the chipmaker is likely to benefit from a cycle of investment in artificial intelligence. Fort Lauderdale, Florida-based GQG, which…
By Xinghui Kok and Greg Torode SINGAPORE (Reuters) -Tensions between the United States and China are expected to loom over Asia’s top security meeting this week, as China has declined a bilateral meeting between the superpowers’ defence chiefs. The Shangri-La Dialogue, which attracts top defence officials, senior military officers, diplomats, weapons makers and security analysts…
