By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when…
SHANGHAI (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters. The move would connect…
HANOI (Reuters) -Vietnam’s central bank said on Monday it will restructure loans for some businesses facing difficulties, including delaying loan repayments by up to 12 months, as it seeks to shore up a slowing economy. The State Bank of Vietnam (SBV) said in a statement the restructuring measures would be implemented through June 2024. Prime…
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a subdued start to a busy week studded with tech earnings and major data from both sides of the Atlantic. Microsoft, Meta, Amazon, Google and Intel all report this week. Just five tech stocks…
SEOUL (Reuters) – South Korea will voluntarily join a global stress test on banks, hoping to gain from a thorough analysis of risks they face on an international level, the country’s central bank and its financial regulator said on Monday. The Bank of Korea and the Financial Supervisory Service said in a joint statement that…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Inflation figures from Singapore top the Asian economic calendar on Monday, kicking off a week in which eyes of the Asia Pacific region – and beyond – will be focused on the Bank of Japan’s first policy meeting…
STOCKHOLM (Reuters) – Global military spending rose to a record last year as Russia’s war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday. World military expenditure rose by 3.7% in real terms…
WASHINGTON (Reuters) – The U.S. on Sunday said it shared information with European bankers, government officials and business leaders to clamp down on Russia’s tactics to try to skirt Western sanctions. Brian Nelson, Treasury undersecretary for terrorism and financial intelligence, held briefings last week in Switzerland, Austria, Germany and Italy to promote more effective policing…
NEW DELHI (Reuters) -Indian police have arrested Sikh separatist Amritpal Singh after searching for him for more than a month, a state police official said on Sunday, a move against the revival of an independent homeland in the state of Punjab bordering Pakistan. The rise of Singh, a preacher in the northwestern state of Punjab…
BEIJING (Reuters) – China’s Guangdong province posted a 4.0% gain in its first-quarter gross domestic product compared with a year earlier, according to the provincial statistics bureau on Sunday. (Reporting by Ryan Woo; Editing by Alex Richardson)
