SINGAPORE, June 5 Reuters India39;s closerthanexpected election should increase the prospect of productive reforms, the country39;s chief economic adviser said on Wednesday, while the fundamental drivers of growth remain largely independent of government policy. Voters returned Prime Minister Narendra Modi for a third term but with a reduced margin that has left his Hindu nationalist party needing […]

COLOMBO, May 28 Reuters Sri Lanka39;s central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check as authorities look to foster economic stability and lift growth following the South Asian nation39;s worst financial crisis in decades. The Central Bank of Sri Lanka CBSL kept the Standing Deposit Facility Rate at […]

Countries hold first trilateral summit since 2019 Declaration calls for trade, environmental, cultural cooperation China urges economics be separate from politics Summit reduced frictions, did not reshape geopolitics analyst SEOUL, May 27 Reuters Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their leaders […]

Reuters The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks. The Republicansponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279136 vote. It […]

SEOUL, May 23 Reuters South Korea39;s central bank held interest rates at a 15year high on Thursday and struck a balanced policy tone while reiterating risks around inflationary pressures in the wake of strongerthanexpected economic growth. Governor Rhee Changyong said for now the Bank of Korea will continue to keep policy restrictive at the current […]

Sunak ends uncertainty with July 4 poll date Market focus likely to remain on inflation, rates Sunak, Starmer to avoid upsetting recent market calm LONDON, May 23 Reuters A surprise British general election in July has removed a layer of uncertainty for UK markets, leaving investors to focus on the outlook for interest rates and […]

SHANGHAISINGAPORE, May 17 Reuters China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference rate as the authorities scramble to boost housing. The loan prime rate LPR, normally charged to banks39; best clients, is calculated each month after […]

SHANGHAISINGAPORE, May 15 Reuters China39;s central bank left a key policy rate unchanged when rolling over maturing mediumterm lending facility MLF loans on Wednesday, in line with market expectations. WHY IT39;S IMPORTANT The steady MLF rate shows the central bank39;s focus on keeping currency stability, analysts say, even as an unexpected credit contraction in April […]

BEIJING, May 10 Reuters China firmly opposes the abuse of export control tools such as the U.S. entity list, a foreign ministry spokesperson said on Friday, after the U.S. added 37 Chinese firms to a trade restriction list over national security concerns. Some of the entities were added to the list for making drones to be […]

BEIJING, May 10Reuters The proportion of European firms that rank China as a top investment destination has hit a record low, a European business lobby group said on Friday, warning that it could take years to restore confidence in the world39;s No.2 economy. The European Union Chamber of Commerce in China said in the latest […]