Monday, 3 Oct 2022

Asia

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China vows positive trade growth in the second half of the year

FILE PHOTO: Chinese Vice Commerce Minister and Deputy International Trade Representative Wang Shouwen attends a news conference on the state of trade negotiations with U.S. in Beijing, China December 13, 2019. REUTERS/Jason LeeBEIJING (Reuters) -China can achieve positive foreign trade growth in the second half of 2022 despite slowing external demand, Vice Commerce Minister Wang […]

Japan govt, automakers to discuss industry's future as early as October -Kyodo

Slideshow ( 2 images )TOKYO (Reuters) – Japanese industry minister Yasutoshi Nishimura said he hopes to hold a meeting by the government and the heads of automakers to talk about the future of the automobile industry as early as next month, Kyodo news agency said on Sunday. “The automobile industry is entering a period of […]

Thai inflation to peak in Q3, more rate hikes necessary – cbank chief

FILE PHOTO: Closed bars are seen at the Ratchada Railway Night Market, as the country will close schools, bars and massage parlors, and ban alcohol sales in restaurants for at least two weeks starting from Sunday, after a jump in the coronavirus disease (COVID-19) cases, in Bangkok, Thailand, April 17, 2021. REUTERS/Athit PerawongmethaBANGKOK (Reuters) -Thailand’s […]

Sri Lanka president to present first budget with hopes for IMF loan

COLOMBO (Reuters) – Sri Lankan President Ranil Wickremesinghe will on Tuesday slash defence and other expenditures in a bid to win International Monetary Fund (IMF) support as he presents his first budget since taking over as leader of his crisis-hit country.FILE PHOTO: Sri Lanka’s President Ranil Wickremesinghe looks on during an interview with Reuters at […]

Last handful of fish: Crisis pushes more Sri Lankans into poverty

COLOMBO (Reuters) – In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s last remaining handful of dried fish – a reminder of Sri Lanka’s worst economic crisis in decades.Gamage Rupawathi (R), 60, her husband W. A. Susantha (C), 45, and their son, Krishan Darshana (L), 25, pose at their home, amid the country’s economic […]

Ammo's top investor seeks board control, nominates 7 new directors

BOSTON (Reuters) -Ammo Inc’s largest investor wants to take control of the ammunition manufacturer’s board and boost the firm’s profit through growth in e-commerce of firearms, outdoor sporting and related goods, according to a letter seen by Reuters. Steve Urvan, who owns 17% of the Scottsdale, Arizona-based company and sits on the board, nominated seven […]

Former British Ambassador Is Arrested in Myanmar

Vicky Bowman is among several foreigners who have been arrested in the Southeast Asian nation after the military seized power in a coup last year. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. By Richard C. Paddock Myanmar’s military regime […]

Nafis Sadik, U.N. Official and ‘Proud Champion of Choice,’ Dies at 92

An obstetrician, she led a groundbreaking effort to put women’s rights to control all aspects of their lives at the heart of the global population debate. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. By Ed Shanahan Dr. Nafis Sadik, […]

Hong Kong central bank raises rates, warns of higher interbank rates

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.Slideshow ( 2 images )Hong Kong’s monetary policy moves in lock-step with the United States’ […]

Column-The new economic normal – living with COVID: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.)People wait to take coronavirus disease (COVID-19) tests at a pop-up testing site in New York City, U.S., July 11, 2022. REUTERS/Brendan McDermidORLANDO, Fla. (Reuters) – Central banks are jacking up interest rates to tackle the highest inflation in decades, economic growth is […]