Chinese Military Companies Have Spent Over $24 Million Lobbying The US Gov’t In Recent Years
Entities the Pentagon classifies as “Chinese military companies” have spent more than $24 million lobbying the U.S. government since 2020, a Daily Caller News Foundation review of lobbying disclosures found. Some of…
A new spring for green govt bonds after Ukraine war freeze
By Alessia Pe and Sara Rossi MILAN – Sales of green sovereign bonds are gathering momentum after being disrupted by the Ukraine war, with 12 billion euros ($12.8 billion) worth of debt…
Japan service sector sentiment rises for 3rd month in May -govt
TOKYO – Japan’s service sector sentiment index rose for the third straight month in May, a sign of improving sentiment about the overall economy, a Cabinet Office survey showed on Wednesday. The…
Japan govt drops timeframe for budget balancing target
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO – Japan’s government made no mention of a timeframe for balancing the primary budget in its draft mid-year annual long-term economic policy roadmap, two government…
Swiss consumers don’t need govt help to cope with inflation -finance minister
ZURICH – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed because the government would not raise taxes…
Facing govt pressure, Mexico’s airlines return to forgotten airport
By Kylie Madry ACAPULCO, Mexico – Several Mexican airlines plan to resume operations at a little-used airport outside Mexico City after a decision to cap flights out of the capital’s crowded main…
U.S. states, manufacturers to decide if gov’t benefits apply to imported baby formula
By Leah Douglas (Reuters) – State officials and manufacuturers are working out whether baby formula imported from outside the United States to address severe supply shortages will be available to families who…
Analysis-New Australian govt looks to SE Asia as it deals with ‘difficult’ China relationship
By Kirsty Needham SYDNEY – Australia’s new Labor government will put greater focus on relations with Southeast Asia and climate change, an issue crucial to its Pacific neighbours, as it navigates ties…
India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its contingency risk…
Brazil’s govt will maintain GDP outlook for 2022 and 2023 -sources
By Marcela Ayres BRASILIA – Brazil’s Economy Ministry will hold its economic growth outlook at 1.5% in 2022 and 2.5% in 2023, two officials told Reuters on Wednesday, forecasting activity ahead of…
Brazil’s Guedes says govt will reduce payroll taxes
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Monday the government will reduce payroll taxes, without giving details or deadlines for a move he has defended since taking office in 2019.…
Malaysia foreign minister meets counterpart from Myanmar shadow govt in Washington
KUALA LUMPUR – Malaysia Foreign Minister Saifuddin Abdullah met his counterpart from Myanmar’s National Unity Government (NUG), a shadow administration outlawed by the ruling military junta, in the group’s first open engagement…
Benetton, Blackstone seek green light from Italy’s govt for Atlantia bid
By Giuseppe Fonte and Francesca Landini ROME – The Benetton family and U.S. fund Blackstone have notified the Italian government about their takeover offer for Atlantia to secure Rome’s green light before…
Mexico to modify import and export law to curb inflation, govt says
MEXICO CITY – A Mexican presidential decree will be issued on Friday to modify tariffs in the country’s import and export law in a bid to curb inflation, a finance ministry spokesperson…
Polish govt not expected to force banks to raise rates on deposits, mBank says
WARSAW – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did not expect the government to introduce any…
BOJ’s bond buying draws scrutiny after ex-PM calls central bank a govt ‘subsidiary’
By Leika Kihara TOKYO – Japanese policymakers were forced to reassure markets on Tuesday the government was not forcing the Bank of Japan to bank-roll public debt, after former premier Shinzo Abe…
Brazil central govt posts smaller-than-forecast deficit in March
BRASILIA – Brazil’s central government reported better than expected fiscal numbers in March, once again supported by higher tax revenue, and suggested a brighter fiscal picture for 2022. The central government recorded…
China on track for 2022 GDP target despite COVID shock – govt economists
BOAO, China – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said on Wednesday, despite a resurgence in COVID-19…
Brazilian government still undecided on public salaries, official says
By Marcela Ayres BRASILIA -Brazil’s government has not yet reached a decision over a salary increase for public servants this year, an official said on Monday, stressing that an across-the-board 5% wage…
Singapore cbank transfers $55 billion of excess foreign reserves to govt
SINGAPORE – Singapore’s central bank said on Thursday it has transferred excess official foreign reserves (OFR) of S$75 billion ($55.11 billion) to the government through a subscription of reserves management government securities.…
Twitter won’t recommend Russia govt accounts, will prohibit some POW content
By Elizabeth Culliford (Reuters) – Twitter said on Tuesday it will not recommend Russian government accounts to users as part of a rule change affecting accounts run by states which limit access…
Swedish govt sees economy slowing this year amid high inflation
STOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on Friday. The…
Chinese developers say funding woes, local govt caution undermine pledges of support
By Clare Jim HONG KONG – China’s pledges to shore up its embattled property industry have done little to boost prospects for the sector, according to developers, with access to funding still…
Scholz, Biden and allies agree to keep pushing for Russian ceasefire – German govt
BERLIN – The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia for a ceasefire and for the withdrawal…
Sri Lanka govt panel says international financial assistance needed
By Uditha Jayasinghe COLOMBO – A Sri Lanka government-appointed committee on Monday said the crisis-hit country’s central bank and finance ministry must form a team to seek urgent international financial assistance as…
Smartphone shipments within China down 31.8% year-on-year in Feb -govt data
SHANGHAI – Shipments of smartphones within China fell 31.8% year-on-year to 14.5 million handsets in February, the China Academy of Information and Communications (CAICT) reported on Monday. Shipments were down from about…
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