HANOI, Nov 29 Reuters Vietnam39;s parliament on Wednesday decided to further extend a reduction in valueadded tax VAT on goods and services until the end of June 2024. The VAT cut to 8 from 10, which has been in place since early 2022, was designed to boost domestic consumption and production as the Southeast Asian […]

November exports likely 4.7 yy vs 5.1 in October Semiconductor exports seen rising for first time in 16 months Recovery slow amid uncertain global outlook economists Imports likely 8.6 vs 9.7, trade balance in surplus for sixth month SEOUL, Nov 29 Reuters South Korea39;s exports likely rose for a second month in November but at […]

BEIJING, Nov 29 Reuters China39;s manufacturing activity likely contracted for a second consecutive month in November, a Reuters poll showed on Wednesday, keeping alive calls for further stimulus measures as factory owners struggle for orders both at home and abroad. While the official purchasing managers39; index PMI is expected to have improved to 49.7 in […]

COLOMBO, Nov 29 Reuters Sri Lanka has been informed that a debtrestructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday. Sri Lanka, mired in its worst financial crisis in decades, has been trying to reach […]

Nov 28 Reuters Late payments on U.S. commercial property loans rose in November, driven by growing distress among office properties, according to a new report by Kroll Bond Rating Agency. The delinquency rate on U.S. commercial mortgagebacked securities CMBS reached 4.4 in November, climbing 19 basis points bps from October39;s 4.21, according to a Tuesday report […]

SINGAPORE, Nov 29 Reuters As Asia39;s banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and profitability profiles to provide returns next year. Over the past 18 months Asian central banks tracked the U.S. Federal Reserve tightening […]

STOCKHOLM, Nov 29 Reuters Sweden39;s economy entered recession in the third quarter, which contracted 0.3 from the previous one, as higher interest rates hit consumer spending and investments. GDP decreased for the second consecutive quarter, the statistics office said in a statement. Figures from the statistics office showed GDP contracted by 1.4 compared to the […]

Nov 29 Reuters Spain39;s annual inflation rate fell to 3.2 in November as a result of cheaper fuel and tourist packages, preliminary data from the National Statistics Institute INE showed on Wednesday. The 12month inflation rate was lower than October39;s reading of 3.5 and below the 3.7 expected by analysts polled by Reuters. The drop […]

BERLIN, Nov 29 Reuters Half of German companies are struggling to fill vacancies due to labour shortages, the DIHK Chamber of Commerce and Industry said on Wednesday, despite the stagnation of the euro zone39;s largest economy. Germany, like industrialised countries around the world, is facing deep labour shortages, particularly in skilled highgrowth sectors. The proportion of […]

CMA to launch review in January Loyalty pricing schemes have been successful for major grocers CMA to further examine baby formula market LONDON, Nov 29 Reuters Britain39;s antitrust regulator said it would launch a review of loyalty scheme pricing by supermarkets, such as Tesco39;s Clubcard and Sainsbury39;s Nectar, to consider whether it was fair that cheaper prices […]