(Reuters) – National Australia Bank (NAB) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans. “We will be refreshing our existing approach to support eligible refinance customers switch to NAB, who are considered…
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries about the world’s second-largest economy. Concerns about their exposure to local government financing vehicles (LGFVs), the investment firms that fund mainly infrastructure projects for local governments, and the crisis-hit property…
(This July 4 story has been refiled to specify data on gallium is for primary gallium only in paragraph 12 and add Canadian gallium producer in paragraph 8) (Reuters) – China said on Monday it will impose export restrictions from Aug. 1 on some gallium and germanium products, metals used in computer chips and other…
(Reuters) – China said on July 3 it would restrict exports of two metals used in semiconductors and electric vehicles, escalating a technology war with the United States and potentially causing more disruption to global supply chains. Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and…
PARIS (Reuters) – Record demand from India sharply increased Airbus orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo and 250 from Air India that were announced…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may revise up this year’s inflation forecast but will likely hold off on tweaking its yield curve control (YCC) policy in July to await more evidence that wages will keep rising, its former top economist Seisaku Kameda told Reuters. The BOJ will release new quarterly…
By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will likely keep interest rates unchanged at 5.50% on Wednesday and for the rest of the year, marking an end to its 20-month long hiking cycle which has already pushed the economy into recession, a Reuters poll found. One of the first movers in the…
NEW DELHI (Reuters) – The U.S. ambassador to New Delhi expressed sorrow over the ethnic violence in India’s northeastern state of Manipur on Thursday, and while noting it was an Indian matter he said Washington stood ready to assist if requested. Nearly 120 people have been killed in clashes between members of the Kuki tribes…
By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to a U.S. Treasury official Yellen comes to Beijing seeking to ease tensions between the world’s two…
By Michael Martina and Simon Lewis WASHINGTON (Reuters) – The U.S. wants other countries to engage China on limiting the flow of synthetic drugs, the State Department’s top official on narcotics said on Thursday, as Washington complains of a lack of co-operation by Beijing in combating their illegal trade. On the eve of a U.S.-led…
