By Amy Lv, Rajendra Jadhav and Kavya Guduru BEIJING/MUMBAI/BENGALURU (Reuters) – On a recent evening in April, only three or four people browsed among the several gold jewellery booths in a plaza in Beijing’s high-end Wangfujing shopping district and all left without buying anything. “I’m just taking a look. I do not consider buying right…
TAIPEI (Reuters) – Taiwan’s central bank debated the need for further rate hikes this year to combat persistent inflation, minutes from its last board meeting showed on Thursday. The central bank, at its quarterly board meeting in March, unanimously decided to raise its policy rate by 12.5 basis points (bps) to 1.875%, a surprise move…
(Reuters) – Car sales in Russia leapt by 170.4% year-on-year in April, analytical agency Autostat said on Thursday, with the country’s bruised car market staging a partial recovery from the soaring prices and reduced deliveries of the same month last year. Russia’s auto industry had been heavily reliant on investment, equipment and parts from overseas…
BEIJING (Reuters) – China said on Thursday “high vigilance” was needed in the face of NATO’s “eastward expansion” following a media report the alliance is planning to set up an office in Japan to facilitate consultations with allies in the region. NATO is planning to open its first liaison office in Asia, in Japan, to…
By Maria Martinez (Reuters) – German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data showed on Thursday. Exports decreased by 5.2% on the previous month, with exports to European Union countries falling 6.2%, to the United States declining 10.9% and to China dropping 9.3%,…
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) directors will meet on Thursday to decide their response to multibillion bids for the phone company’s landline grid as top investor Vivendi calls into question the group’s strategy. The sale of TIM’s fixed network and its submarine cable unit Sparkle is the focus of CEO Pietro…
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said. This would be a major…
By Gaurav Dogra (Reuters) – Foreigners turned net buyers of Asian stocks in April, bolstered by rising expectations the U.S. Federal Reserve will pause its aggressive tightening cycle, and by other factors such as a weaker dollar and strong first-quarter company earnings. Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand,…
By Marwa Rashad LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas…
HANOI (Reuters) – Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81% from a year earlier. The government…
