WASHINGTON, May 30 Reuters Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the 31.4 trillion U.S. debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to the full House of Representatives for debate and an expected vote on passage on Wednesday. The House […]

JAKARTA, May 31 Reuters A British consortium that includes mining giant Glencore will invest about 9 billion in Indonesia39;s mining and electric vehicle EV battery sectors, a minister said on Wednesday, as the resourcerich country tries to lure a host of multinational firms. Indonesia, which has the world39;s biggest nickel reserves, is keen to develop downstream […]

China H1 venture fundraising to hit lowest in at least 8 years JanuaryMay venture deals lowest since 2020 Unstable economic recovery, SinoU.S. tension among risk factors BEIJINGHONG KONG, May 31 Reuters Chinafocused venture capital fundraising is heading for its weakest first half year in at least eight years, data from researcher Preqin showed, as a […]

NEW DELHI, May 31 Reuters India39;s fiscal deficit for the financial year ended March 31 touched 17.3 trillion rupees 209.46 billion, nearly 99 of the revised annual estimate, government data showed on Wednesday. The federal government met targetted fiscal deficit of 6.4 of the gross domestic product, helped by higher tax revenue even as spending increased, […]

ANKARA, May 31 Reuters  Turkey39;s central bank signalled at a meeting with senior bankers that it would respond positively to the banks39; requests to soften some measures which it has taken recently, three participants in the meeting said on Wednesday. A governmentbacked scheme to protect lira deposits from depreciation, known as KKM accounts, was among […]

LONDON, May 31 Reuters A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank said in its annual default study released on Wednesday. Deutsche expects default rates to peak in the fourth quarter of next year. […]

JanMarch GDP grows 6.1 yy vs 5 in Reuters forecast Manufacturing grows 4.5 yy vs 1.1 fall in OctDec Economic growth for 202223 revised to 7.2 from 7 NEW DELHI, May 31 Reuters India39;s economic growth accelerated to 6.1 in the March quarter, government data showed on Wednesday, boosted by government and private capital spending […]