SHANGHAI/SINGAPORE (Reuters) -China’s central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the interest rate unchanged as expected. The slightly higher fund injection would help replenish liquidity gaps created by upcoming tax payments by banks and…
By Chen Lin SINGAPORE (Reuters) – Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. Economists had expected a 20.8% contraction in a Reuters poll. Exports had contracted 15.8% in February. On a seasonally adjusted month-on-month basis,…
HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Monday it had shipped a second batch of 1,879 longer-range VF 8 sport utility vehicles (SUVs), as it seeks to expand its foothold in overseas markets. VinFast, which is backed by Vietnam’s largest conglomerate Vingroup JSC, in November dispatched a shipment of 999 of its…
By Matthias Williams and John O’Donnell LONDON/FRANKFURT (Reuters) -Ukrainian forces are finding a growing number of components from China in Russian weapons used in Ukraine, a senior adviser in President Volodymyr Zelenskiy’s office told Reuters, as Western supplies are squeezed by sanctions. In “the weapons recovered from the battlefield we continue to find different electronics,”…
By Ellen Zhang and David Kirton GUANGZHOU (Reuters) -Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s unexpected…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors across the region and beyond weigh whether the U.S. banking ‘crisis’ is in the rear view mirror or if there’s more serious trouble…
By Sybille de La Hamaide PARIS (Reuters) – French insect-based ingredients maker Ynsect will refocus its strategy on high-margin markets like pet food, shut a production plant and cut jobs after raising 160 million euros ($177 million) from investors, its chief executive said. The company, which is in talks for additional funding, will use the…
By Katharine Jackson WASHINGTON (Reuters) – The standoff over raising the U.S. federal government’s $31.4 trillion debt ceiling illustrates the stakes of U.S. Senator Dianne Feinstein’s lengthy absence from Washington, fellow Democratic Senator Amy Klobuchar said on Sunday. Feinstein, 89, faced calls from some fellow Democrats last week to resign her seat after being sidelined…
WARSAW (Reuters) -Unilateral action on trade by European Union member states is unacceptable, the bloc’s executive said on Sunday, after Poland and Hungary announced bans on grain and other food imports from Ukraine to protect their local agricultural sectors. After Russia’s invasion blocked some Black Sea ports, large quantities of Ukrainian grain, which is cheaper…
By Steven Scheer JERUSALEM (Reuters) -Israel’s finance minister on Sunday said Moody’s decision to cut the outlook for Israel’s sovereign credit rating was “not a big drama” and reiterated his stance that the government’s plan to overhaul the judiciary would help the economy. But the head of Israel’s securities agency, who weighed in on the…
