Author Archives: Syndicated Content
HSBC to leave best lending rate in Hong Kong unchanged at 5%
HONG KONG (Reuters) - HSBC Holdings said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate of the city's central bank, charged through its ...
Jul 28, 2022
Is the U.S. in a recession? Fresh GDP data to amplify debate
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - A first read on U.S. economic growth last quarter, due out Thursday, will amplify an ongoing debate over whether the country is, or will soon ...
Jul 28, 2022
Fed’s Powell’s absence of specific guidance leaves analysts to fill the gaps
By Ann Saphir WASHINGTON (Reuters) - After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row, Federal Reserve Chair...
Jul 28, 2022
Moderate rebound in U.S. economic growth seen in second quarter as inflation bites
By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely rebounded moderately in the second quarter as companies boosted exports and maintained a strong pace of spending on equipment, whic...
Jul 28, 2022
Philippine central bank to use “full force” of measures to tackle inflation risks
MANILA (Reuters) - Philippine's central bank is ready use the "full force of available measures" and take all necessary monetary policy actions to combat inflation, its governor said on Thursday, afte...
Jul 27, 2022
Indonesia says Krakatau Steel, S.Korea’s POSCO plan $3.5 billion investment
JAKARTA (Reuters) - Indonesia's Krakatau Steel and South Korea's POSCO Holdings have signed an agreement to invest $3.5 billion starting next year to expand their production capacity in the Southeast ...
Jul 27, 2022
Inflation, price rise could dent India’s gold demand in July-Dec -WGC
By Rajendra Jadhav MUMBAI (Reuters) - India's gold demand in the first half of 2022 jumped 42% from a year ago but consumption in the second half could be lower than last year as higher inflation erod...
Jul 27, 2022
Meiji Yasuda Life ready to buy Treasuries at yield of 3%, if dollar slips
By Tomo Uetake TOKYO (Reuters) - Meiji Yasuda Life Insurance Co is ready to buy U.S. Treasuries at a yield of 3% without currency hedging, if the dollar falls below 135 yen, a senior company official ...
Jul 27, 2022
Australia cuts growth outlook, budget deficit still shrinks
SYDNEY (Reuters) - Australia's recently-elected Labor government took a scalpel to economic growth forecasts on Thursday, warning soaring inflation and higher interest rates represented a once-in-a-de...
Jul 27, 2022
U.S. Senate climate deal ‘transformative’, backers say
By Timothy Gardner WASHINGTON (Reuters) -The nearly $370 billion in climate and energy security measures in the budget reconciliation deal U.S. Senate Democrats struck on Wednesday were whittled down ...
Jul 27, 2022
