SEOUL (Reuters) – South Korean exports in the first 20 days of May fell 16.1% from a year earlier and imports dropped by 15.3%, customs agency data showed on Monday. The country’s trade balance came in at a $4.3 billion deficit for the May 1-20 period, the data showed. That compares with a 14.2% decline…
By Ira Dugal MUMBAI (Reuters) -India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock…
By Katya Golubkova and Sakura Murakami HIROSHIMA, Japan (Reuters) -The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products, the IEA’s Executive Director Fatih Birol said. The G7, the…
By Yew Lun Tian and Casey Hall BEIJING/SHANGHAI (Reuters) -One joke by a Chinese comedian about the nation’s military has spurred online uproar, a $2 million fine, a police probe, a sweep of cancelled shows and fears for the survival of Chinese stand-up comedy, a rare refuge for somewhat free speech. The furore over Li…
BEIJING (Reuters) -China’s exports to North Korea soared in April from a year earlier, with wigs and fertiliser among major shipments, Chinese customs data showed on Saturday. Chinese outbound shipments to the isolated country surged 69% year-on-year to $166 million in April, data released by China’s General Administration of Customs showed. The top export items…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The People’s Bank of China is expected to keep key lending rates on hold on Monday, as traders in Asia digest the implications of the G7’s stance on China and the tense and fluid situation in Washington regarding…
By Dan Peleschuk and Jeff Mason HIROSHIMA, Japan (Reuters) -Ukraine’s Volodymyr Zelenskiy on Sunday drew a parallel between the destruction of Bakhmut and the horror of Hiroshima, evoking the symbolism of mass destruction as he wrapped up a surprise appearance at the Group of Seven (G7) summit in Japan. The Ukrainian president’s arrival in Hiroshima…
HIROSHIMA, Japan (Reuters) – Ukraine’s Volodymyr Zelenskiy on Sunday drew a parallel between the destruction of Bakhmut and the horror of Hiroshima, evoking the symbolism of mass destruction as he wrapped up a surprise appearance at the Group of Seven (G7) summit in Japan. UKRAINE * U.S. President Joe Biden said he had received a…
By Trevor Hunnicutt and Jeff Mason HIROSHIMA, Japan (Reuters) -U.S. President Joe Biden on Sunday said the Group of Seven nations had agreed a united approach to China that called for diversifying supply chains to reduce dependence on one country, and hinted that he could speak with China’s president soon. “We’re not looking to decouple…
MUMBAI (Reuters) -Private equity company Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China’s Fosun and the company’s founding family. Blackstone bought IGI, whose majority revenue and profits come from India, for about $530 million, a person with direct knowledge of the matter said on condition of…
