Japan may expand fuel subsidy to curb energy costs-minister
TOKYO – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure…
TOKYO – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure…
MEXICO CITY -Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as…
LONDON – Britain could build up to seven new nuclear power stations as part of a radical expansion of homegrown energy following Russia’s invasion of Ukraine, Business Secretary Kwasi Kwarteng…
By Howard Schneider PRINCETON, N.J. -The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how…
RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s appointment of Adriano Pires as…
WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases…
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, but production fell from the…
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex LLC, Russia’s biggest technology company, some two weeks before her tenure is due to expire on April 15, the…
CAIRO – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority…
SHANGHAI – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which…
SHANGHAI – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to…
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this…
SHANGHAI/BEIJING -China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect…
(Reuters) -Australia formally signed a trade deal with India on Saturday as the two nations signalled an intention to forge closer trade ties. The Australia-India Economic Cooperation and Trade Agreement…
SHANGHAI – A unit of troubled property developer China Evergrande Group said construction work has resumed at 95% of Evergrande’s projects across the country as of late March. Evergrande has…
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko…
(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s invasion, the economy ministry said…
(This March 31 story was refiled to remove picture) LONDON – Russia accused Ukraine on Thursday of laying hundreds of mines near its coast and said some were drifting into…
SHANGHAI -Telecoms giant Huawei Technologies has given its finance chief Meng Wanzhou, who returned to China in 2021 after nearly three years detention in Canada, the new rotating position of…
(Reuters) – Mexico’s government forecast economic growth of 3.4% for 2022, far below what the nation’s President was aiming for, a finance ministry document showed on Friday, as Latin America’s…
By Anthony Esposito MEXICO CITY -Mexico will use the extra revenue it collects from higher oil prices to subsidize domestic gasoline and diesel prices, Deputy Finance Minister Gabriel Yorio told…
By David Lawder and Andrea Shalal WASHINGTON -Punishing sanctions imposed by the United States and its allies on Moscow for invading Ukraine are pushing Russia into recession and starting to…
By Lewis Krauskopf NEW YORK – As the U.S. stock market ends a rocky first quarter, investors are looking at what could support equities in the coming months – with…
By Koh Gui Qing NEW YORK -Government bond yields resumed their upward climb on Friday as a key part of the U.S. Treasury yield curve inverted once more on signs…
By Doyinsola Oladipo and Nivedita Balu NEW YORK -Workers at an Amazon.com Inc warehouse in New York City voted to form the first union at the second-largest U.S. private employer,…