MANILA (Reuters) – The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0%, but said on Friday high inflation was a downside risk to the outlook and should be tackled with both fiscal and monetary measures. The IMF projected next year’s GDP expansion for the Philippines to come…
By Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India’s (RBI) upper tolerance limit for the second consecutive month, as food prices eased. Annual retail inflation eased to 4.7% in April from 5.66% in the previous month, government data showed…
(This May 11 story has been corrected to remove reference to more weight in paragraph 1) By Belén Carreño MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez will ask U.S. President Joe Biden in Washington on Friday to listen to the opinions of non-NATO members such as China and Brazil on the war in Ukraine,…
By Jessie Pang HONG KONG (Reuters) -China on Friday condemned a U.S. congressional report that called for sanctions against 29 Hong Kong judges involved in the city’s national security cases, given their role in “weakening” the rule of law. The report by the U.S. Congressional-Executive Commission on China (CECC) – which advises Congress – said…
(Reuters) – A man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California has been indicted on dozens of federal hate, weapons and explosive crimes, the U.S. Department of Justice said. The suspect, David Chou, 69, opened fire at the Geneva Presbyterian Church in…
By Christian Kraemer and Tetsushi Kajimoto NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday. Japan, which is hosting a three-day G7 meeting to debate key global themes…
By Tim Hepher PARIS (Reuters) – Planemakers can’t build them but airlines can’t stop buying them. Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of dollars of new orders stretching beyond 2030 amid a rebound in air travel. From Air…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand’s embattled Prime Minister Prayuth Chan-ocha is lagging behind the opposition in polls ahead of Sunday’s general election but electoral rules written by his former military junta mean the retired army chief can’t be counted out. Prayuth, 69, who first came to office in a 2014…
A look at the day ahead in U.S. and global markets from Mike Dolan A strange calm fell over world markets on Friday as tensions around the U.S. debt ceiling impasse and a fresh wobble in U.S. bank stocks hung in the background, with a postponement of a key showdown on the former read as…
By Asif Shahzad (Reuters) – Created by military dictator late General Pervez Musharraf and currently headed by a retired general, Pakistan’s powerful anti-graft agency that arrested former prime minister Imran Khan in a land fraud case has a mandate to end corruption in the country. The National Accountability Bureau (NAB) has investigated, tried and jailed…
