(Reuters) – Sri Lanka has made a request to the International Monetary Fund (IMF) for Rapid Financing Instrument (RFI) support to mitigate supply chain issues, a finance minister aide said in a tweet on Tuesday. However, the IMF holds the view that Sri Lanka does not meet its criteria, Shamir Zavahir said, adding that the…
BEIJING (Reuters) – China’s state planner called on Tuesday for the implementation of policies to support the country’s catering and retail sectors. Spending on new energy vehicles (NEVs) should also be supported, said Meng Wei, spokeswoman for the National Development and Reform Commission (NDRC). Data on Monday showed March retail sales contracted the most on…
By Sonali Paul (Reuters) – Oil prices were little changed on Tuesday, after rising 1% in the previous session, as Libya was forced to halt some exports and as manufacturers in China prepared to reopen factories after a nearly three-week COVID-19 shutdown in Shanghai. Brent crude futures rose 21 cents, or 0.2%, to $113.37 a…
BUENOS AIRES (Reuters) – Argentina’s government said on Monday the country’s neediest would get help to cope with soaring prices as part of a special aid program that will be financed with taxes on business experiencing unexpected gains from the Ukraine war. Workers included in the measure will receive 18,000 pesos ($158) in two installments…
By Phil Lavelle (Reuters) – The company behind a cannabis mega-factory in California is hoping federal legalization of the substance will allow it to expand distribution of joints, oils and edibles beyond the borders of the most populous U.S. state. California legalized recreational cannabis in 2016, but it remains on the federal list of controlled…
(Reuters) – Australian Wealth Manager AMP Ltd said on Tuesday it was in talks with multiple parties, including real estate firm Dexus, regarding a potential sale of the assets and businesses of Collimate Capital, formerly known as AMP Capital. (Reporting by Tejaswi Marthi in Bengaluru; Editing by Krishna Chandra Eluri)
By Lucy Craymer WELLINGTON (Reuters) – The Reserve Bank of New Zealand said committee policy is currently weighted toward containing inflation expectations and expects to put into effect more interest rate increases in coming quarters. “If you go too slow, it’s inflation expectations that will get away from us and at the moment the balance…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department has secured a settlement with United Parcel Service Inc to resolve immigration-related discrimination claims in a civil action against the package delivery company, the agency said on Monday. “The settlement resolves the department’s claims that UPS violated the Immigration and Nationality Act when it discriminated against…
By Pete Schroeder WASHINGTON (Reuters) – Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness…
(Reuters) -Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted https://twitter.com/elonmusk/status/1516056299376623626 in response to…
