Factbox-Why Pakistan’s long-awaited IMF tranche is important
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistani Prime Minister Shehbaz Sharif said on Tuesday he hoped a bailout decision…
Economy
Audi ex-boss becomes first VW board member sentenced over diesel scandal
By Jörn Poltz (Reuters) – Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine…
BOJ may tweak yield control policy in Oct – ex-board member
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is likely to move steadily towards phasing out its…
Spain offers income tax rebate for electric car buyers
MADRID (Reuters) -Spain will reimburse up to 15% of income tax to people who buy an electric vehicle (EV) before…
Nigeria could save $5.1 billion this year from reforms, says World Bank
By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year…
India’s quarterly current account gap narrows as trade deficit shrinks
By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed sharply in the January to March quarter, helped by a…
Global central banks post losses on reserves in 2022; no quick recovery seen -survey
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global central banks experienced losses managing their reserves last year amid bond-heavy allocations…
Swedish central bank seen hiking by quarter percentage point to 3.75% this week: Reuters poll
STOCKHOLM (Reuters) – Sweden’s central bank will hike its policy rate by a quarter percentage point this week in a…
JPMorgan sees yuan weakness continuing, possibility of “circuit breaker”
LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was staying “bearish” on China’s yuan despite its recent…
Stellantis aims to relieve ‘charging anxiety’ with new service for EV users
MILAN (Reuters) – Stellantis launched a ‘Charging & Energy’ business unit on Tuesday to make it easier to keep electric…