TAIPEI (Reuters) -A Chinese uncrewed combat aircraft has flown around Taiwan, the island’s defence ministry said, showcasing Beijing’s ability to attack its fall-back east coast bases, as a U.S. maritime patrol aircraft transited the Taiwan Strait. China, which views democratically governed Taiwan as its own territory, has increased military pressure on the island over the…
(Reuters) – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates, but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to phase out his predecessor’s massive stimulus programme. As widely expected, the BOJ made no changes to its yield curve control (YCC) policy that sets…
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Sudan’s eruption into conflict has left international consumer goods makers racing to shore up supplies of gum arabic, one of the country’s most sought-after products and a key ingredient in everything from fizzy drinks to candy and cosmetics. About 70% of the world’s supply of…
By Alessandro Parodi and Alberto Chiumento (Reuters) – Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci. Now aged 49, she works as a housekeeper in Rome, counting cobwebs and crockery, and has…
BEIJING (Reuters) – China’s factory activity likely expanded at a slower pace in April, a Reuters poll showed on Friday, pointing to the strains on the manufacturing sector from weak global demand and a slow recovery in the long-depressed domestic property industry. The official manufacturing purchasing managers’ index (PMI) is expected to have edged down…
By Aditi Shah NEW DELHI (Reuters) -Lufthansa is hopeful of finalising the partial takeover of Italy’s state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as “very good.” The two airlines agree on how to work together to win market share, Harry Hohmeister, head…
A look at the day ahead in European and global markets from Wayne Cole. It was a long wait, but the Bank of Japan finally decided to hurry up and do nothing – well, almost nothing. The BOJ, it seems, will “patiently” continue with easing while “nimbly” responding to developments. Yield curve control remains as…
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the industry ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline. Output in the…
TOKYO (Reuters) – The Bank of Japan (BOJ) on Friday kept monetary settings unchanged but revamped its guidance on the future path of policy, and decided to conduct a “broad-perspective” review of its monetary policy. As widely expected, the BOJ kept intact its short-term interest rate target at -0.1% and that for the 10-year bond…
TOKYO (Reuters) – The Bank of Japan on Friday projected the country’s core consumer price index (CPI) to rise 1.6% in the fiscal year starting in April 2025, announcing the closely watched forecast for the first time. BOJ watchers have been awaiting the forecast to gauge the central bank’s perception of whether its 2% price…
