By Sujith Pai BENGALURU (Reuters) – Thailand’s economy likely picked up speed in the first quarter aided by a strong recovery in the tourism sector and a rebound in private consumption, but a weakening global economy poses the biggest risk to the outlook, a Reuters poll found. The tourism-reliant economy’s recovery has lagged its regional…
WELLINGTON (Reuters) – New Zealand’s near-term rate of inflation is expected to continue to ease over the coming two years, a survey showed on Monday. The Reserve Bank of New Zealand’s (RBNZ) quarterly survey of expectations showed business managers forecast annual inflation to average 4.28% over the coming year, easing from 5.11% in the previous…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -The world’s second largest aircraft lessor, SMBC Aviation Capital, has warned that India’s decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show. SMBC, along with firms such as Jackson Square Aviation and Bank…
(Reuters) – Australia’s QBE Insurance Group Ltd said on Friday costs associated with catastrophic claims for the four months of 2023 had reached nearly 90% of the allowances it had set aside for the first-half, dragging its shares nearly 9%. QBE, the country’s biggest insurer by market capitalisation, said net cost of catastrophe claims was…
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s Sharp Corp for the loss. The stock of Foxconn, the world’s largest contract electronics maker, slid 2.4% in early trade, while Sharp’s shares…
By Daniel Trotta and Jorge Garcia SAN DIEGO (Reuters) – Hundreds of migrants from around the world seeking a better life in the United States have instead found themselves trapped in squalid conditions near the Mexican border, tantalizingly close to their destination, and desperate. On the eve of the expiration of Title 42, the COVID-era…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday. The main…
By Steve Holland, Michael Martina and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden’s national security adviser met China’s top diplomat this week and both sides recognized the need to move beyond an alleged spy balloon incident that caused a pause in relations between the superpowers, a senior U.S. official said on Thursday. The White House…
By Aditya Soni (Reuters) -Walt Disney Co shares ended down more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company could be sacrificing growth in its bid to stem losses. The decline erased about $16 billion from the company’s market value and marked the stock’s…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
