BANGKOK – Thailand’s property market may not return to pre-pandemic levels until 2024, due to a slower-than-expected economic recovery amid a new coronavirus outbreak and higher inflation, the research unit …
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FRANKFURT – The euro zone’s current account surplus rose to 310 billion euros ($352.47 billion) last year, or 2.6% of the bloc’s economic output, European Central Bank data showed on …
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ECB’s Kazimir calls for ending bond buying in August -Bloomberg
by Reutersby ReutersFRANKFURT – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation …
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Singapore Finance Minister announces $372 million jobs support package
by Reutersby ReutersSINGAPORE – Singapore’s Finance Minister Lawrence Wong announced a S$500 million ($372 million) package to support jobs and businesses as part of his budget proposals on Friday. Singapore’s government has …
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China central bank warns of default risks after climate stress test
by Reutersby ReutersSHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu Guiping, vice governor of the …
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By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the …
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British warehousing firm Segro rides surge in demand for quick delivery
by Reutersby Reuters-British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit, …
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DUBAI -The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries’ two leaders, the UAE and Indian …
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China to boost commodity price supervision in push for industrial growth
by Reutersby ReutersBEIJING -China’s state planner will take steps to stabilise the commodity market and hasten construction of new infrastructure, it said on Friday, in the effort to promote steady industrial growth. …
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Exclusive-India makes record U.S. soyoil purchases as drought parches South America
by Reutersby ReutersBy Rajendra Jadhav MUMBAI – Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at …
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Shortage of Suzuki car mirrors reflects Sri Lanka’s growing economic crisis
by Reutersby ReutersBy Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is …
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PARIS -Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief …
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China Orient Asset Management gets approval to issue bonds to resolve risks in property sector
by Reutersby ReutersSHANGHAI – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market to resolve risks in the …
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KUALA LUMPUR – Malaysia’s exports rose 23.5% from a year earlier in January, government data showed on Friday. Imports in January grew 26.5% year-on-year, while the trade surplus for the …
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Cineworld gets extension on payments to former Regal shareholders
by Reutersby Reuters– Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company …
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A look at the day ahead in markets from Saikat Chatterjee Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with …
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China issues new measures to spur COVID recovery for services sector
by Reutersby ReutersBEIJING -China’s state planner on Friday issued rules to promote a faster recovery from the COVID-19 pandemic in the services sector, including providing tax incentives to the catering, retail, tourism …
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By Leigh Thomas PARIS -France’s unemployment rate fell in the final quarter of last year to the lowest level since 2008, data showed on Friday, boosting Emmanuel Macron’s economic credentials …
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Indonesia sees first annual current account surplus in a decade
by Reutersby ReutersBy Gayatri Suroyo JAKARTA – Indonesia booked a current account surplus for the first time in a decade in 2021, data showed on Friday, but its balance of payments came …
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Australian state sets minimum pay for Amazon contractors in landmark step
by Reutersby ReutersBy Byron Kaye SYDNEY -Australia’s New South Wales state ordered employers of freelance delivery drivers such as Amazon.com Inc to pay a minimum rate, a decision hailed by a union …
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OSLO -Norwegian Air reported on Friday a full-year profit for 2021 in a turnaround from losses suffered the previous year, and said booking trends point to busier travel ahead for …
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– South African insurer Discovery forecast on Friday a higher half-yearly profit, supported by new clients at its health insurance business and adequate provisions to cushion the impact of coronavirus-related …
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Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official
by Reutersby ReutersTOKYO – Japan’s consumer inflation may exceed 1% but will remain distant from the central bank’s 2% target, a senior Bank of Japan official said on Friday. “Japan’s economy has …
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Chinese cities ease home purchase down-payments to reignite demand
by Reutersby ReutersBEIJING -A handful of Chinese cities are starting to relax down-payment rules for home purchases in a bid to re-ignite buyer interest and put a floor under local economies weakened …
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Financial News
Tesla changes S.Korea ads after antitrust probe faulted batteries
by Reutersby ReutersSEOUL – Tesla Inc changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust regulator found that the automaker exaggerated the specifications of …