BANGKOK (Reuters) – Thailand’s economy expanded faster than expected in the first quarter, official data showed on Monday, helped by a rebound in private consumption and tourism which will help counter a slowdown in exports. Southeast Asia’s second-largest economy grew 2.7% in the January-March period from a year earlier, data from the National Economic and…
By Stella Qiu SYDNEY (Reuters) – Asian stocks started the week on a cautious note as investors braced for the release of China’s industrial and retail data, while awaiting a host of U.S. Federal Reserve officials to speak to vindicate market pricing of rate cuts this year. Both S&P 500 futures and Nasdaq futures eased…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank rolled over maturing medium-term policy loans while keeping interest rates unchanged on Monday, matching market expectations. The People’s Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.75%…
By Laura Sanicola NEW YORK (Reuters) – Oil prices settled more than 1% lower on Friday, falling for the fourth consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S….
(Reuters) -ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the companies said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan…
By Scott Murdoch and Himanshi Akhand (Reuters) -Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp’s A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. If the deal gets Newcrest shareholders’ approval and other regulatory approvals, it would lift Newmont’s gold output…
MANILA (Reuters) – The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country’s finance minister said ahead of a May 18 monetary policy meeting. Finance Secretary Benjamin Diokno reiterated his stance against a rate hike when he spoke to reporters. But he said he was just…
By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors. The measures include an interest rate hike from the country’s…
By Fergal Smith TORONTO (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes…
(Reuters) -Amazon.com Inc said it has optimized its delivery network coming out of the COVID-19 pandemic, allowing it to increase delivery speeds and lower costs, while also reducing the ecommerce giant’s carbon emissions. The online retailer on Saturday said it has reduced delivery times, reshaped its inventory management system as well as search capabilities to…
