By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation. Non-deliverable forwards indicate rupee will open at around 82.80-82.84 to the dollar, compared to 82.66 in the previous session. On Friday, the…
TOKYO (Reuters) – Japan core machinery orders fell in March for a second straight month, indicating firms’ cautious about capital spending amid worries about the global economic slowdown. Japan’s economy emerged from recession in the first quarter as a post-COVID consumption rebound offset global headwinds. But tame reading in the machinery orders may cast doubts…
(Reuters) -Meta Platform Inc’s Instagram was back up for most users, the company said on Sunday, after a technical issue that disrupted services to thousands of people had been resolved. “Earlier today, a technical issue caused some people to have trouble accessing Instagram. We resolved the issue as quickly as possible for everyone who was…
By Renee Maltezou and Lefteris Papadimas ATHENS (Reuters) -Greece’s ruling New Democracy party stormed to a crushing victory in a parliamentary election on Sunday but fell just short of the threshold needed to form a government on its own, making a runoff election in a month more likely. With most votes counted, conservative New Democracy…
SEOUL (Reuters) – South Korean exports in the first 20 days of May fell 16.1% from a year earlier and imports dropped by 15.3%, customs agency data showed on Monday. The country’s trade balance came in at a $4.3 billion deficit for the May 1-20 period, the data showed. That compares with a 14.2% decline…
By Ira Dugal MUMBAI (Reuters) -India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock…
By Katya Golubkova and Sakura Murakami HIROSHIMA, Japan (Reuters) -The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products, the IEA’s Executive Director Fatih Birol said. The G7, the…
BEIJING (Reuters) -China’s exports to North Korea soared in April from a year earlier, with wigs and fertiliser among major shipments, Chinese customs data showed on Saturday. Chinese outbound shipments to the isolated country surged 69% year-on-year to $166 million in April, data released by China’s General Administration of Customs showed. The top export items…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The People’s Bank of China is expected to keep key lending rates on hold on Monday, as traders in Asia digest the implications of the G7’s stance on China and the tense and fluid situation in Washington regarding…
By Ross Kerber and Simon Jessop (Reuters) – The absence of women from the slate of potential Morgan Stanley CEO successors underscores the importance of cultivating and keeping diverse talent, corporate governance experts say. Morgan Stanley co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz, are the front-runners to succeed James…
