By Clyde Russell LAUNCESTON, Australia (Reuters) -Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimmed purchases, offsetting small gains among South Asian countries. The total volume of the super-chilled fuel imported was 20.86 million tonnes in April, down from March’s 22.23 million and 22.19 million in February,…
By Leika Kihara INCHEON, South Korea (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the downside risks to Asia’s economy were smaller than those to other parts of the world, partly due to the region’s resilience to U.S. and European banking sector woes. His remarks underscore optimism over the outlook for Asia’s…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase by the European Central Bank later this week. Core inflation in the euro zone, a closely watched…
By David Milliken LONDON (Reuters) -Food prices in Britain rose by a record amount over the past 12 months but lower prices are on the horizon, offering some relief to squeezed consumers, the British Retail Consortium (BRC) said on Tuesday. The BRC, representing 5,000 retailers including supermarkets, said food prices at its members soared 15.7%…
(Reuters) – Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd would have to get through a “rigorous process” to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately…
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such a move would be “economically unwise” and it would contradict market principles to rely on direct state aid as a means to achieve industrial transformation, he wrote in a guest…
By Nell Mackenzie LONDON (Reuters) – Global hedge funds’ bearish positions reached year highs in April, largely aimed at companies selling non-essential consumer products, in a bet that harsher economic times will curtail excess spending, said a Goldman Sachs note on Monday. Hedge funds trading the stocks of U.S. consumer discretionary companies offering flat-screen TVs…
By Trevor Hunnicutt and David Morgan WASHINGTON (Reuters) – For months, the U.S. crisis over the debt limit has been a political abstraction. Not anymore. The U.S. Treasury’s new June 1 estimated deadline for Congress to raise the debt ceiling or risk default has ratcheted up the heat on Washington’s lawmakers to avert an economic…
By Alexander Marrow (Reuters) – Tinder owner Match Group has said it will quit Russia by June 30, citing the need to protect human rights, one of many Western firms to leave since Moscow sent troops into Ukraine last year. “We are committed to protecting human rights,” Match said in an annual impact report published…
Hong Kong (Reuters) -Hong Kong’s economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday’s official release of the data, to snap four consecutive quarters of contraction. Although exports continued to decline in the first quarter, faster growth in…
