CAIRO, July 18 Reuters Saudi Arabia and Turkey signed a number of memorandums of understanding in many fields including energy, direct investments and defence, Saudi state news agency SPA reported early on Tuesday. Turkey39;s President Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman, the kingdom39;s de facto ruler, witnessed the signing ceremony of the […]

SYDNEY, July 18 Reuters Australia39;s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on household finances could lead to a sharp downturn and higher unemployment. However, the bank retained a warning that some tightening may still be required to bring inflation […]

RBNZ sees rates on hold for 39;foreseeable future39; RBNZ says house prices now at 39;more sustainable levels39; RBNZ sees inflation back within 13 target by H2 2024 WELLINGTON, July 12 Reuters New Zealand39;s central bank held the cash rate steady at 5.5 on Wednesday, hitting pause as expected and flagging rates would be on hold […]

BEIJING, July 7 Reuters China will ban the import of food from about onefifth of Japanese prefectures for safety reasons, Chinese customs said on Friday, citing Japan39;s move to discharge nuclear contaminated water into the sea. China, the biggest buyer of Japan39;s seafood exports, said it would also strictly review the documents for food, especially […]

BENGALURU, July 6 Reuters The Bank of Canada will raise interest rates by a quarterpoint for a second straight meeting to 5.00 on July 12 following a fivemonth pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters. While that is the new expected peak rate, […]

COLOMBO, July 6 Reuters Sri Lanka cut its key interest rates for the second straight month on Thursday as inflation eased after last year39;s devastating economic crisis and the focus returned to reviving growth following a bailout from the International Monetary Fund IMF. The Central Bank of Sri Lanka CBSL cut its standing deposit facility […]

SYDNEY, July 4 Reuters Australia39;s central bank on Tuesday held interest rates steady saying it wanted more time to assess the impact of past hikes, but reiterated its warning that further tightening might be needed to bring inflation to heel. Wrapping up its July policy meeting, the Reserve Bank of Australia RBA kept its cash […]

June 30 Reuters U.S.China tensions over semiconductors began with the Trump administration39;s trade war and have ratcheted up under President Joe Biden39;s leadership as Washington looks to undercut Beijing39;s efforts to build its hightech industry. The U.S. and the Netherlands are set to deliver a onetwo punch to China39;s chipmakers by further curbing sales of chipmaking […]

Yoon signs multiple deals in first visit as president to Vietnam Vietnam agrees to support denuclearisation of Korean peninsula Leaders commit to boosting trade which this year is slumping HANOISEOUL, June 23 Reuters South Korea and Vietnam agreed on Friday to boost security cooperation, citing North Korea39;s nuclear threat, and committed to increasing bilateral trade […]

ISTANBUL, June 22 Reuters Turkey39;s central bank hiked its key interest rate by 650 basis points to 15 on Thursday in a reversal of President Tayyip Erdogan39;s lowrates policy, although the postelection tightening fell short of expectations. In its first meeting under new Governor Hafize Gaye Erkan, the bank changed course after years of loose […]