BEIJING (Reuters) – China’s ruling Communist Party has passed guidance for promoting the development of private firms, state media said on Friday, signalling more steps to reinvigorate a sector hurt by a round of regulatory curbs. China will optimise the development environment for the private sector and will remove institutional barriers that prevent firms from…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears…
By Uditha Jayasinghe (Reuters) -Sri Lanka’s National Consumer Price Index (NCPI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday. Food inflation eased to 42.3% in March from 49% in February, while non-food inflation was at 54.9%, the Department of Census and Statistics said in a…
BEIJING (Reuters) – China’s overall exports to North Korea in March rose sharply compared with the same month last year for the second month in a row, with the major export items including rice, Chinese customs data showed on Friday. Chinese outbound shipments to the isolated country surged 141.7% year-on-year last month following a 161.5%…
(Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy. “We are carefully monitoring this, we are aware that both the U.S. and the EU are actively considering new sanctions,” Kremlin spokesman Dmitry Peskov…
By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial…
By Hyonhee Shin SEOUL (Reuters) -North Korea’s position as a nuclear weapons state will remain an undeniable reality as it builds up its forces until military threats from the United States and its allies are eliminated, state news agency KCNA said on Friday. It was quoting comments by North Korean Foreign Minister Choe Son Hui…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the Bank of Japan said in its semi-annual financial system report. However, the central bank also said that vigilance against tail risks were warranted. “Future developments…
TOKYO (Reuters) – Japan’s largest airline ANA Holdings Inc on Friday raised its profit estimate for the just-ended fiscal year, citing a decline in fuel costs and an uptick in the yen. The company now expects operating profit of 120 billion yen ($897 million) in the year through March 2023, up from an earlier guidance…
