HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect…
Asia
IMF sees uncertainty over Japan’s monetary policy, spillover globally
By Leika Kihara (Reuters) -The International Monetary Fund on Thursday warned of “uncertainty” around the direction of Japan’s monetary policy,…
China’s skidding factory sector taps brakes on economic recovery
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s factory activity unexpectedly contracted in April as orders fell and poor…
Indonesia cuts tax breaks to discourage low quality nickel investment-minister
By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products…
Albemarle agrees $1.5 billion plan to double Australian lithium hydroxide output
MELBOURNE (Reuters) -Albemarle has agreed to double the capacity at its lithium hydroxide processing operations in Western Australia to 100,000…
Australia’s exports to China hit record highs as barriers ease
SYDNEY (Reuters) – Australia’s exports to China surged to record highs in March as the Asian giant sucked in more…
Families of US detainees urge Biden to do more to deter hostage-taking
By Humeyra Pamuk WASHINGTON (Reuters) – U.S. citizen Jose Pereira, who was “wrongfully detained” in Venezuela exactly one year ago,…
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, fell short of…
Oklahoma Gov. Stitt sees growing foreign interest in investments in state
By Andrea Shalal WASHINGTON (Reuters) – Oklahoma is seeing a sharp increase in foreign investment interest, especially in its renewable…
Biden administration OKs boost in Chinese airline flights to US
By David Shepardson WASHINGTON (Reuters) -The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the…