(This April 13 story has been corrected to change IMF loan approval to May from June in the headline and first paragraph) ACCRA (Reuters) – Ghana expects the International Monetary Fund’s board to approve a $3 billion loan in May, Finance Minister Ken Ofori-Atta said in a presentation on Thursday. The embattled West African country…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer inflation likely held steady in March, a Reuters poll of 19 economists showed, highlighting persistent price strains and keeping the central bank under pressure to shift away from stimulus. Speculation is rife that the Bank of Japan (BOJ) may tweak its bond yield control, or ditch…
BEIJING (Reuters) – China is willing to work with Germany on the economic and trade fronts, and the two countries are partners, not adversaries, its foreign minister, Qin Gang, said on Friday. Qin, addressing a joint news conference with his German counterpart, Annalena Baerbock, said artificially putting the brakes on normal economic and trade cooperation…
(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF program, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement from the State Bank of Pakistan….
BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States…
By Hyonhee Shin SEOUL (Reuters) – North Korea says it has tested a new solid-fuel intercontinental ballistic missile (ICBM), its first known use of the propellant in a longer-range projectile, as it seeks the capability to launch with little preparation. Here are some characteristics of solid-fuel technology, and how it can help the North improve…
By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely perked up in the first quarter of the year, a Reuters poll showed on Friday, as the end of strict COVID-19 curbs helped lift the world’s second-largest economy out of a crippling pandemic slump. GDP growth was seen speeding up to 4.0% in the…
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Liu Baoxiang, who runs a mahjong parlour in a city on China’s rust belt, no longer splurges on extravagant fashion items after seeing the two flats he owns lose roughly a third of their value over the past two years. “I was previously considered wealthy…
BEIJING (Reuters) – Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider. (Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)
A look at the day ahead in European and global markets from Wayne Cole. Singapore’s central bank sprang the surprise of the Asian day by halting its tightening cycle when markets had expected a sixth straight round of restraint. The Monetary Authority of Singapore (MAS) said there was enough currency appreciation – controlling the SGD…
