China to Promote Currency Swaps, Strengthen Monetary Cooperation

BOAO, China, March 27 Reuters China39;s central bank will continue to promote currency swaps and strengthen monetary cooperation with Asian economies to maintain regional financial stability, the bank39;s governor said on Wednesday. Bilateral currency swaps can facilitate trade and investment and are a useful addition to the global financial safety net, Governor Pan Gongsheng told […]
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Australia Consumer Mood Darkens anew in March Survey

SYDNEY, March 26 Reuters Australian consumer sentiment eased from 20month highs in March as worries about the economic outlook and family finances returned to darken the mood, a survey showed on Tuesday. The WestpacMelbourne Institute index of consumer sentiment slipped 1.8 in March, from February when it jumped 6.2. The index reading of 84.4 showed […]
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Stellantis Signs Deals to Cut at Least 2,500 Jobs in Italy

MILAN, March 26 Reuters Stellantis has reached voluntary deals to cut at least 2,500 jobs in Italy, labour unions said on Tuesday, as the carmaker tries to adapt to changes needed for the industry39;s transition to clean energy. Up to 1,520 employees will have the opportunity to leave Stellantis with financial incentives in Turin, including 300 […]
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SpiceJet to own 13 Bombardier Q400 Planes after 9M Settlement

BENGALURU, March 26 Reuters Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada EDC to settle liabilities worth around 91 million, allowing it to take ownership of 13 of 15 Bombardier Q400 aircraft financed by the Canadian trade finance agency. The announcement sent the company39;s shares up 6.5 in afternoon trade. This […]
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Nvidia Supplier SK Hynix Plans to Invest 4B in Indiana, WSJ

March 26 Reuters South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly 4 billion to build an advanced chip packaging facility in West Lafayette, Indiana, the Wall Street Journal reported on Tuesday. Operations at the facility could begin in 2028, the report said, citing people familiar with the matter. SK Hynix is reviewing its […]
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