Friday, 3 Feb 2023

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Column-Jumping the central bank gun :Mike Dolan

LONDON (Reuters) – For all intents and purposes, financial markets think the brutal central bank tightening cycle is done.FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File PhotoThat may seem like a leap of faith after 36 hours in which three major central banks lifted their main policy […]

Brazil markets fall after Lula takes office vowing to end poverty

BRASILIA (Reuters) – Brazilian markets delivered a negative initial verdict on leftist President Luiz Inacio Lula da Silva’s first full day in office on Monday, after he pledged to prioritize social issues, while also ordering a budget-busting extension to a fuel tax exemption.Brazil’s President Luiz Inacio Lula da Silva, his wife Rosangela “Janja” da Silva […]

Fed's Brainard: Successive supply shocks a challenge for central banks

FILE PHOTO: Federal Reserve Board Governor Lael Brainard testifies before a Senate Banking Committee hearing on her nomination to be vice chair of the Federal Reserve, on Capitol Hill in Washington, U.S., January 13, 2022. REUTERS/Elizabeth FrantzWASHINGTON (Reuters) – The successive shocks to global supply chains from the pandemic and the war in Ukraine could […]

Mexican president says economy should grow at least 3.5% through 2024

Mexican President Andres Manuel Lopez Obrador attends a march in support of his government policies and to celebrate his four years in the office, in Mexico City, Mexico November 27, 2022. REUTERS/Henry RomeroMEXICO CITY (Reuters) -Mexico’s economy should grow 3.5% over 2022, 2023 and 2024, President Andres Manuel Lopez Obrador said on Sunday in a […]

BofA's global fund manager survey shows stagflation and recession angst

LONDON (Reuters) – A closely-watched survey of global investor views published on Tuesday showed a growing angst that recessions and stagflation episodes will be stalking the world economy next year. Bofa’s monthly global fund manager survey showed 92% of those who took part now predict “stagflation” in 2023, a net 77% see recession as likely, […]

UK considers cutting tax-free dividend allowance, increasing capital gains tax -media

LONDON (Reuters) -Britain’s government is considering cutting the tax-free allowance for dividend income, Bloomberg reported on Thursday, before a Nov. 17 budget.British Chancellor of the Exchequer Jeremy Hunt exits a car outside Number 10 Downing Street, in London, Britain November 1, 2022. REUTERS/Hannah McKayThe report, citing two officials familiar with the matter, added that finance […]

Pakistan seeks rescheduling of $27 billion bilateral debt-finance minister

FILE PHOTO: Pakistan’s Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal MahmoodWASHINGTON (Reuters) – Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt […]

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 […]