By Angie Teo, Chayut Setboonsarng and Devjyot Ghoshal BANGKOK (Reuters) -Shanghai resident Daniel Bian drank in the sweeping views over the Thai capital as he lay on a deckchair beside a swimming pool on the 19th floor of a luxury condominium. “I feel alive. I feel free,” said an excited Bian, dapper in tinted sunglasses,…
By Joe Cash BEIJING (Reuters) -China’s exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year’s COVID disruptions though slowing global growth is darkening the outlook. Outbound shipments last month from the world’s second largest…
DUBAI (Reuters) – Banking group Citi has appointed Omar Hafeez as head of its North Africa, Levant and Central Asia operations based in Dubai after a reorganisation of the company’s MENA region, it said on Monday. Hafeez transfers from Japan, where he was head of the corporate banking business, the third largest for Citi globally….
A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia, which is no surprise given U.S. consumer prices loom this week as a major test of the market’s sanguine view that the Fed is done hiking. Futures are 90% priced for…
By Byron Kaye and Roushni Nair (Reuters) -Australia’s Westpac Banking Corp on Monday threw out a cost-cutting target citing inflation and flagged thinner profit margins going ahead, but investors pushed its shares higher after it handily beat expectations for first-half profit. CEO Peter King said inflation was pushing up overheads as the 206-year-old bank abandoned…
TOKYO – Japan’s services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) climbed to a seasonally adjusted 55.4 last month from March’s 55.0. GRAPHIC…
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pressures were still posing a challenge for firms. The survey from National Australia Bank Ltd (NAB) released on Monday showed its index of business conditions fell two points…
By Leika Kihara TOKYO (Reuters) – Several Bank of Japan (BOJ) board members said the central bank must be vigilant to the risk of inflation accelerating more than expected, minutes of the March policy meeting showed on Monday. A few of the nine-member board also said they saw some “positive signs” emerging in Japan that…
SYDNEY (Reuters) – Australia’s centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation. The plan is designed to directly ease price pressures and inflation, the federal government said,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a positive start to the week on Monday after strong U.S. jobs data on Friday soothed recession and banking sector fears, and sparked the best day for world equities in five months. The…
