(In story published Friday, corrects big firms’ median capital spending forecast to +4.0% from +4.4% in paragraph 8, after a contributor corrected its forecast) TOKYO -Japan’s big manufacturers’ business mood …
Financial News
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By Carolyn Cohn LONDON -Lloyd’s of London faces major claims this year related to Russia’s invasion of Ukraine, but this will not lead to solvency issues, the commercial insurance market …
- Financial News
Airbus expects demand for 2,210 planes in India over next 20 years
by Reutersby ReutersBy Aditi Shah and Chandini Monnappa HYDERABAD, India -Airbus expects Indian airlines to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, it said …
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STOCKHOLM – Swedish automotive technology group Veoneer said on Thursday that the deal that will see it bought by Qualcomm Inc and SSW Partners would close on April 1. Chipmaker …
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A look at the day ahead in markets from Sujata Rao It’s a month since Russian troops stormed into Ukraine, goading the West into an unexpectedly severe sanctions response. Now, …
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Japan considering mandatory disclosure of gender wage, female manager ratio – sources
by Reutersby ReutersBy Kaori Kaneko and Takahiko Wada TOKYO – Japan is considering requiring companies’ annual reports to disclose average wages by gender and the ratio of female managers, said two people …
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China hopes U.S. will scrap all tariffs on Chinese products: commerce ministry
by Reutersby ReutersBEIJING – China hopes the United States will scrap all tariffs on its goods as soon as possible after the U.S. reinstated 352 product exclusions from China tariffs, the commerce …
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BOJ policymaker warns of prolonged inflation due to Ukraine war
by Reutersby ReutersBy Leika Kihara TOKYO – Japan may see consumer inflation creep up and stay near the central bank’s 2% target for a prolonged period if the war in Ukraine continues …
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Sri Lanka to seek World Bank support alongside IMF loan programme – sources
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund …
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China faces challenges supplying Russia with alumina – analysts
by Reutersby ReutersBy Eileen Soreng and Praveen Menon – Russia might look to its giant neighbour to replace Australian alumina supplies cut off by sanctions, but Chinese aluminium smelters need all the …
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Asia FX bears remain firm as risks from geopolitics, inflation persist – Reuters poll
by Reutersby ReutersBy Harshita Swaminathan – Investors stayed bearish on most emerging Asian currencies and turned short on Thailand’s baht for the first time in three months, as uncertainty from Russia’s invasion …
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Asian gas buyers puzzle over Putin’s demand for payment in roubles
by Reutersby ReutersBy Yuka Obayashi and Heekyong Yang TOKYO – Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas …
- Financial News
Toshiba faces unclear future after shareholders knock back two rival proposals
by Reutersby ReutersBy Makiko Yamazaki and Rocky Swift TOKYO -Toshiba Corp shareholders on Thursday voted down competing proposals – one presented by management and the other backed by activist shareholders, leaving the …
- Financial News
UBS and Credit Suisse make further progress in emergency plans – regulator
by Reutersby ReutersZURICH – UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday. Big …
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Mazda to halt operations at two Japan plants for 2 days due to supply disruption
by Reutersby ReutersTOKYO – Japanese automaker Mazda Motor Corp said on Thursday it would suspend production at its two domestic factories for two days in April due to auto parts supply disruptions. …
- Financial News
‘Have to eat half’: Sri Lankans feel pain of spiralling economic crisis
by Reutersby ReutersMINUWANGODA, Sri Lanka – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to buy for his family of …
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TOKYO – Bank of Japan (BOJ) board member Goushi Kataoka said on Thursday a weak yen was positive for the economy, with the damage due to rising import costs likely …
- Financial News
The jobs – and ageing faces – behind South Korea’s record low unemployment numbers
by Reutersby ReutersBy Cynthia Kim SEOUL – At age 69, Kim Jung-mi holds three jobs: she spends three hours getting a two-year old home from kindergarten every weekday for $9 per hour, …
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By Sinead Cruise, Matt Scuffham and Megan Davies LONDON/NEW YORK -Global banks including Citigroup Inc, JPMorgan Chase & Co and Societe Generale face pressure to commit to remaining as custodian …
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Samsung Electronics shares worth $1.1 billion sold in block deal -term sheet
by Reutersby ReutersBy Joyce Lee SEOUL -Samsung Electronics shares worth about $1.1 billion were sold in a block deal on Thursday, according to a document, which some analysts attributed to the Samsung …
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BlackRock’s Fink says Russia-Ukraine crisis could accelerate digital currencies
by Reutersby ReutersNEW YORK – BlackRock Inc’s chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as …
- Financial News
Third Australian state finds Crown unfit for gaming licence but offers reprieve
by Reutersby ReutersBy Byron Kaye SYDNEY -An inquiry has declared Australian casino operator Crown Resorts Ltd unfit for a gambling licence in Western Australia state but stopped short of revoking it, adding …
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Japan unsure how Russia will execute rouble payments for energy sold to ‘unfriendly’ nations
by Reutersby ReutersTOKYO -Japan does not know how Russia will handle the required rouble payments for its energy sold to “unfriendly” countries, the finance minister said on Thursday. Japan accounted for 4.1% …
- Financial News
Japan inflation may perk up but lacks momentum, says BOJ’s Kataoka
by Reutersby ReutersTOKYO – Japan’s consumer inflation may briefly exceed 1.5% but likely will not gain momentum to sustainably head toward the central bank’s 2% target, Bank of Japan board member Goushi …
- Financial News
Explainer-Challenges arise as Russia calls for gas payments in roubles
by Reutersby ReutersBy Arathy Somasekhar HOUSTON – Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s …