By Hari Kishan BENGALURU (Reuters) – Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected…
By Tom Westbrook SINGAPORE (Reuters) -Decades-long foreign bullishness on China’s capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary. There have been ample excuses to buy China as the world’s second biggest economy gathers steam. Post-pandemic…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its interest rate unchanged at 3.6% on Tuesday for a second consecutive meeting to assess the impact of past hikes on inflation, according to a Reuters poll of economists who were split on where it would peak. Although inflation eased from 7.8% to 7%…
KUALA LUMPUR (Reuters) – The United States lifted a 17-month import ban on products from Malaysian rubber glove maker Smart Glove, saying the company has addressed exploitative labour practices. U.S. Customs and Border Protection (CBP) in November 2021 sanctioned imports from Smart Glove and its group of companies over the alleged use of forced labour…
By Byron Kaye and Roushni Nair SYDNEY/BENGALURU (Reuters) – Australian No. 2 supermarket chain Coles Group Ltd on Friday said store price inflation eased in the March quarter as supply chain blockages improved, but flagged a surge of demand as living cost pressures lead to more people eating at home. The trading update from one…
MANILA (Reuters) – Philippine annual inflation in April was expected to come in between 6.3% and 7.1%, with downward pressure from lower electricity rates and a decline in prices of fish and vegetables, the central bank said on Friday. Bangko Sentral ng Pilipinas said it “remains prepared to respond appropriately to continuing inflation risks in…
TOKYO (Reuters) – The Bank of Japan will discuss revising its forward guidance on its future policy path and conduct an examination of its past monetary easing steps, the Nikkei newspaper reported on Friday. The central bank is likely to forgo modifying its yield curve control (YCC) policy at the two-day policy meeting concluding on…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that’s lifting global stock markets, all eyes in Asia will be fixed on one event Friday: the Bank of Japan’s policy meeting….
SEOUL (Reuters) – The U.S. secretary of commerce and her South Korean counterpart agreed to “minimise uncertainties” of chipmakers’ investments amid new U.S. semiconductor subsidies, Korea’s industry ministry said on Friday. Companies such as Samsung Electronics and SK Hynix, the world’s No. 1 and No. 2 memory chipmakers, are concerned about the criteria for subsidies…
(Corrects to restore dropped word in first paragraph) SINGAPORE (Reuters) – Singapore’s private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced authorities to introduce tough new cooling measures. Singapore’s private residential property price index rose 3.3%% in…
