Wednesday, 20 Nov 2024

Asia

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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 […]

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 […]