By Jihoon Lee SEOUL (Reuters) -South Korea will unveil a range of measures in the coming months to open its domestic financial markets, including plans to extend trading hours on the foreign exchange market, the country’s finance minister said on Thursday. As part of such efforts, the government will announce next month plans to extend …
South Korea seeks to improve foreign access to its markets Read More »
(Reuters) – China’s exports shrank sharply in December as global demand cooled, while imports also tumbled again as surging COVID infections and a property downturn weighed heavily on domestic demand, highlighting risks to the country’s economic recovery this year. Exports had been one of the few bright spots in the world’s second-largest economy during the …
China’s exports, imports fall sharply in December Read More »
BEIJING (Reuters) – China’s Commerce Minister Wang Wentao said China is willing to listen to the opinions of foreign companies including U.S. firms, a ministry statement said on Friday. In a video telephone call with U.S.-China Business Council president Craig Allen, Wang discussed bilateral trade and China’s opening up, saying the country was willing to …
China open to foreign firms’ opinions, commerce ministry says Read More »
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank raised its policy interest rate by 25 basis points on Friday, as expected, but bond yields plunged in response to comments suggesting its 1-1/2-year rate-hike campaign had ended. The benchmark 10-year treasury bond yield dived as much as 14.3 basis points to 3.270%, …
Bank of Korea raises interest rates, hints they will now be steady Read More »
BEIJING (Reuters) – China’s exports of rare earths in December rose 5.4% from a year earlier, data from the General Administration of Customs showed on Friday. Exports of the group of 17 minerals from the world’s largest producer were 4,307 tonnes, up from 4,087.60 tonnes in December 2021, the data showed. The month-on-month increase was …
China Dec rare earth exports at 4,307 tonnes -customs Read More »
By Sarah N. Lynch and Jeff Mason WASHINGTON (Reuters) -U.S. Attorney General Merrick Garland named a special counsel on Thursday to probe the improper storage of classified documents at President Joe Biden’s home and former office, an echo of a wider-ranging inquiry directed at former President Donald Trump. The inquiry is a distraction for the …
Special counsel appointed to probe Biden’s handling of classified documents Read More »
BENGALURU (Reuters) – Shares of Indian IT major HCLTech fell as much as 2.6% on Friday after lowering its revenue growth outlook for this fiscal year and flagging delays in decision making by its European clients. The Noida-based company on Thursday lowered its revenue growth projection for the fiscal year ending March 31 to 13.5-14% …
India’s HCLTech falls after lowering full-year revenue view Read More »
By Harish Sridharan (Reuters) – Sustainable funding held up in Asia during a rough patch globally last year thanks to strong local demand, and bankers say a pipeline of de-carbonisation projects is likely to keep deals flowing in 2023. Issuance of bonds tied to environmental, social and governance (ESG) themes grossed $142 billion in Asia …
Strong ESG issuance in Asia defies global decline Read More »
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund is not likely to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that a feared oil price spike had failed to materialize and labor markets remained strong. IMF Managing Director Kristalina Georgieva said 2023 would be …
IMF chief expects to keep 2023 global growth forecast steady at about 2.7% Read More »
By Stefanno Sulaiman JAKARTA (Reuters) – An Indonesian corruption court on Thursday found businessman Benny Tjokrosaputro guilty in a stock manipulation case involving state insurance firm Asabri and fined him 5.7 trillion rupiah ($371.67 million). Tjokrosaputro was spared a jail term because he is already serving a life sentence over a separate case in 2020 …
Indonesian businessman fined over $370 million for stock manipulation Read More »
