Economic News
- Reuters
TOKYO (Reuters) – Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, marking its first increase in three months but still coming short of its plan due to COVID-19-related parts shortages.
- Reuters
By Fatos Bytyci PRISTINA (Reuters) – As leaders of Kosovo and Serbia meet later on Monday to negotiate a peace agreement, a young artist from Kosovan capital Pristina will likely continue to receive threats over a painting that depicts the leaders of both countries kissing.
- Reuters
TOKYO (Reuters) – Nissan Motor Co Ltd plans to establish a second battery plant in the United States to help the Japanese automaker meet requirements for the Inflation Reduction Act, Chief Operating Officer Ashwani Gupta said on Monday.
- Reuters
(Reuters) – Russia’s former president and an ally of President Vladimir Putin said in remarks published on Monday that the continued arms supply to Kyiv risks a global nuclear catastrophe, reiterating his threat of nuclear war over Ukraine.
- Reuters
By Xie Yu and Selena Li HONG KONG (Reuters) – JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property
- Reuters
By Joe Cash BEIJING (Reuters) – China’s factory activity is expected to have continued to grow in February, a Reuters poll showed on Monday, suggesting that the flashes of domestic demand seen since the zero-COVID policy ended are now strong enough to rekindle upstream sectors.
- Reuters
NEW DELHI (Reuters) -Tata group-owned Air India’s order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on Monday, as the airline seeks opportunities to expand in long haul international.
- Reuters
BERLIN (Reuters) – More than 300 flights at Germany’s Duesseldorf and Cologne Bonn regional airports were grounded by a 24-hour strike by the Verdi trade union on Monday, the airports said.
- Reuters
(Reuters) – The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more monetary policy tightening may be needed to tame underlying sticky inflation, J.P. Morgan said in a note on Friday.
- Reuters
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a deepening fall in the first half of the year before rebounding at a faster pace in 2023, according to a Reuters poll, as the scrapping of COVID-19 curbs and stimulus
- Reuters
(Reuters) -China’s Ant Group and Japan’s SoftBank Group Corp are likely to offload their stakes in Indian digital payments firm Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported.
- Reuters
BEIJING (Reuters) – China has always maintained communication with all sides in the Russia-Ukraine conflict, including Kyiv, a foreign ministry spokesperson told a regular news briefing on Monday.
- Reuters
TOKYO (Reuters) – Japan is set to ease its border control measures for passengers from China by removing the need for pre-boarding COVID-19 tests and on-arrival testing, starting March 1, broadcaster TBS reported on Monday.
- Reuters
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday the merits of the bank’s current monetary policy outweigh the costs, stressing the need to maintain support for the country’s economy with ultra-low interest rates.
- Reuters
ISTANBUL (Reuters) – Turkey’s foreign trade deficit widened 38.4% year-on-year to $14.24 billion in January, official data showed on Monday, with imports surging 20.7% and exports up 10.3%.
- Reuters
(Reuters) – A raft of U.S. data and European inflation numbers will give guidance on how the world’s top central banks will navigate the way ahead – including whether we’re heading for that hotly debated “no landing” scenario.
- Reuters
COLOMBO (Reuters) -The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports.
- Reuters
SYDNEY (Reuters) – Two members of Australia’s central bank governing board will stand aside when their terms end later this year to make way for fresh appointments, according to Treasurer Jim Chalmers weeks ahead of the release of a formal review into the bank.
- Reuters
ISTANBUL (Reuters) – Turkey’s economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country’s southern region, data from the Turkish Statistical Institute showed on Monday.
- Reuters
By Stephen Nellis (Reuters) – Qualcomm Inc on Monday said it was working with a group of Android smartphone companies to add satellite-based messaging capabilities to their devices.