COLOMBO, May 24 Reuters Sri Lanka increased fuel prices on Tuesday, a longflagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a message on Twitter that petrol prices […]

India started planning to curb sugar exports in March After higher output f39;cast, India allowed some more exports Traders say exports of 10 mln T to help industry, government NEW DELHIMUMBAI, May 24 Reuters India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially […]

ACCRA, May 23 Reuters Ghana39;s central bank on Monday raised its main interest rate by 200 basis points to 19 to curb inflationary pressures and promote macroeconomic stability, Governor Ernest Addison said. In March the Bank of Ghana raised its policy rate by 250 basis points to 17 the largest hike in its history to stem […]

ABUJA, May 23 Reuters Nigeria39;s economy grew 3.11 in the first quarter, slower than in the previous three months due to a fall in crude production, an underperformance which hit the rest of the economy, the statistics office said on Monday. It was the sixth consecutive quarter of growth, with the nonoil sector helping the […]

Indonesia to lift palm oil export ban on Monday, May 23 Local sales requirement to secure cooking oil supplyminister Indonesia to keep 10 mln tonnes of cooking oil at home Export ban has cut palm fruit price by 70 farmers group JAKARTA, May 20 Reuters Indonesia will reimpose a domestic sales requirement on palm oil, […]

Global tide of tightening comes faster than expected IMF Widening gap in interest rates behind yen weakness Echoes view on balance yen depreciation helps Japan TOKYO, May 20 Reuters Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary […]

NEW DELHI, May 19 Reuters India has asked its federal power regulator to allow power generators to import up to 30 of the country39;s coal requirement until March next year, according to a power ministry letter seen by Reuters. India had asked utilities to import 10 of its total requirement, or about 38 million tonnes, […]

NEW DELHI, May 19 Reuters India is considering allowing traders to ship out some of their wheat sitting at ports after a sudden ban on exports of the grain prevented dealers from loading cargoes, trade and government sources said on Thursday. New Delhi banned wheat exports on Saturday, as an intense heat wave hit output […]

April export orders 5.5 yy vs 3.8 poll forecast Export orders from China 16.9 yy vs 9.1 in March Ministry sees May orders between 1.1 and 1.7 yy TAIPEI, May 20 Reuters Taiwan39;s export orders a bellwether for global technology demand fell for the first time in 25 months in April, taking a largerthanexpected hit […]

LONDON, May 23 Reuters Asking prices for houses in Britain surged again in May, pushed up by a lack of new homes coming to the market rather than strong demand which looks set to fade as the costofliving crunch tightens, a survey showed on Monday. Property search website Rightmove said asking prices for property put […]