LONDON (Reuters) – Fresh turbulence in U.S. banks and debt ceiling woes in Washington suggest recent stability in world markets will most certainly be put to the test in May. The latest U.S. and Chinese inflation numbers and a Bank of England interest rate decision are among the calendar highlights meanwhile. Here’s a look at…
HANOI (Reuters) – Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Well-managed monetary policies and stable exchange rate have enabled the State Bank of Vietnam (SBV) to continue to buy foreign currency to…
By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation in London on Saturday even though both are life-long republicans who do not shy away from making their positions clear. Australian Prime Minister Anthony Albanese and his New Zealand…
By Kane Wu HONG KONG (Reuters) – U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the firm’s initial target of…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s service activity grew for a fourth month in April, a private-sector survey showed on Friday, as businesses benefitted from a return toward pre-pandemic levels of demand and output, although the momentum slowed. The Caixin/S&P Global services purchasing managers’ index (PMI) stood at 56.4 in April, above…
By Matt Spetalnick and David Brunnstrom WASHINGTON (Reuters) – Philippines President Ferdinand Marcos Jr said on Thursday his agreement this year to grant the United States access to more military bases in his country was not intended for use for “offensive action” against any country. Speaking to a U.S. think-tank in Washington, Marcos said he…
By Julie Zhu, Scott Murdoch and Nupur Anand HONG KONG/SYDNEY/NEW YORK (Reuters) – Jamie Dimon, the chief executive of JPMorgan Chase & Co, travels to mainland China this month for the first time in four years, sources said, the latest in a series of visits by top foreign financial executives since the lifting of tough…
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – China’s five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt – with a side of luxury shopping on the agenda. But with flights remaining limited after China’s border reopening in January, European luxury stores will need to wait…
By Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Indonesia has for months been quietly engaging key stakeholders in Myanmar’s conflict, as well as neighbours India, Thailand and China in an effort to kick-start a peace process as violence intensifies, its foreign minister said on Friday. Retno Marsudi earlier told Reuters exclusively that Indonesia, as…
(Reuters) – Japanese Prime Minister Fumio Kishida will be visiting South Korean President Yoon Suk Yeol on Sunday in the latest effort to improve bilateral ties. However, the trip will be overshadowed by historical issues and other disputes between the two countries – in some of which progress has been made, while others remain intractable….
