By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation was on track to settle within the government’s 2% to 4% target in the fourth quarter after it eased further in April, officials said on Friday, building the case for pausing interest rate hikes. The consumer price index rose 6.6% in…
WASHINGTON (Reuters) – Buying land near eight U.S. military bases could become more difficult for foreign companies and citizens under a Treasury Department rule proposed by the Biden administration on Friday. The proposed rule would expand the jurisdiction of the Treasury’s Committee on Foreign Investment in the United States, which reviews foreign investment and real…
SYDNEY (Reuters) – Australia’s government is set to cut its forecasts for inflation while also predicting lower unemployment for longer in 2023/24 budget next week, a mix that it hopes will generate much-needed growth in real wages. Treasurer Jim Chalmers will now forecast unemployment of 3.5% for the June quarter of this year and 4.25%…
By Felix Light, Caleb Davis and Andrew Osborn (Reuters) -Yevgeny Prigozhin, leader of Russia’s Wagner Group mercenary force, said in a dramatic announcement on Friday that his forces would pull out of the Ukrainian city of Bakhmut that they have been trying to capture since last summer. Prigozhin said they would withdraw on May 10…
(Reuters) – Serbian President Aleksandar Vucic has proposed new gun control measures after two mass shootings in which 17 people were killed, including at least eight children. Here are some details on how Serbia and other countries have responded to such mass shootings. SERBIA Vucic proposed a moratorium on gun permits regardless of weapon type…
PARIS (Reuters) – France’s financial prosecution office is investigating arms maker Thales, a source close to the matter told Reuters, after a radio station earlier reported on a probe into a fighter jet maintenance deal in India. Thales in a statement denied allegations of corruption in relation to the deal, saying it had “zero tolerance”…
By Mike Dolan LONDON (Reuters) -Not for the first time, the European Central Bank is determined to display policymaking independence from its Transatlantic cousin – but the two central banks are likely more in sync than it seems. Two potentially pivotal policy decisions within 24 hours this week from the ECB and U.S. Federal Reserve…
By Julie Zhu and Scott Murdoch HONG KONG/SYDNEY (Reuters) – China’s largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public offerings in the city, two sources said….
LONDON (Reuters) – A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts reckon a crisis will be averted, just an increased probability of default would send shock waves across markets, said Janus…
By Krishn Kaushik GOA, India (Reuters) – The foreign ministers of India, Russia and Pakistan on Friday called for a representative government in Afghanistan and the protection of women’s rights, almost two years after the Islamist Taliban swept to power in Kabul. They were speaking at the day-long meeting of foreign ministers of the Shanghai…
