NEW DELHI (Reuters) – There are risks to India achieving its real growth forecast of 6.5% for the financial year that started April 1, partly due to a rise in oil prices and troubles in the global financial markets, the government said on Tuesday. Earlier this month, the International Monetary Fund (IMF) predicted the Indian…
PARIS (Reuters) – Food price inflation will start easing in the second half of this year, French ECB policymaker Francois Villeroy de Galhau said on Tuesday, saying this is when a decrease in crop prices will bear fruit. Villeroy told RTL radio the ECB will manage to bring down overall inflation to around 2% by…
By Poppy McPherson and Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr may discuss tensions over Taiwan with U.S counterpart Joe Biden at the White House next week but the focus of talks will be on trade and investment, a top diplomat said on Tuesday. Philippine ambassador to the United States Jose Manuel Romualdez…
ANKARA (Reuters) – Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to rising foreign currency demand as May elections approach, bankers said on Tuesday. According to the calculations of five bankers, based on data from the central bank and the sector,…
(Reuters) -Embattled property developer China Evergrande Group said its listed electric vehicle arm will book a $3.6 billion gain from the transfer of two debt-laden companies to another group unit as part of the auto firm’s restructuring. With more than $300 billion in total liabilities including offshore debt, Evergrande has been at the centre of…
By Huw Jones LONDON (Reuters) – An initiative to offer an instant payments service in Europe from the end of 2023 said on Tuesday it has acquired two payment firms and obtained the backing of more banks after scaling back ambitions to take on U.S. payments giants Visa and Mastercard. The European Payments Initiative (EPI)…
PARIS (Reuters) – The European Central Bank will need to raise interest rates again at its forthcoming meeting next week but the size of the move is still open to debate, its chief economist told French paper Le Monde in an interview published on Tuesday. “For our next Governing Council meeting on 4 May, the…
A look at the day ahead in European and global markets from Vidya Ranganathan. ChatGPT vs Bard. Earnings from U.S. tech giants Microsoft Corp, which backs ChatGPT, and Google parent Alphabet Inc, top the watchlist on Tuesday. Profits at these two, Facebook-owner Meta and Amazon Inc are due this week, and estimates show their cloud…
BANGKOK (Reuters) – Car production in Thailand rose 4.16% in March from a year earlier to 179,848 units, as a shortage of microchips eased, the Federation of Thai Industries (FTI) said on Tuesday. Exports of cars increased 4.84% in March from a year earlier, after February’s 11.42% rise, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive…
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations. “In light of current economic, price and financial developments, it’s appropriate to maintain monetary easing, now…
