Category Archives:
Malaysia ministry says decision pending on proposed cut in palm oil export tax
KUALA LUMPUR (Reuters) - Malaysia's Commodities Ministry on Friday said it is in discussions with the Finance Ministry to look into the viability of slashing an export tax on palm oil to 4%-6%. "This ...
May 19, 2022
New Zealand central bank to hike cash rate by another half point on May 25: Reuters poll
By Vivek Mishra BENGALURU (Reuters) - New Zealand's central bank will hike its policy interest rate by half a percentage point to counter soaring inflation when it meets on May 25, making a hike of th...
May 19, 2022
China cuts mortgage reference rate again, seeking to revive credit
SHANGHAI (Reuters) - China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive credit demand to prop up the eco...
May 19, 2022
Asian shares jump as China cuts key lending benchmark
By Andrew Galbraith SHANGHAI (Reuters) - Asian shares jumped in early trade on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set ...
May 19, 2022
Dollar falls for first week in seven amid U.S. yield retreat
By Kevin Buckland TOKYO (Reuters) - The U.S. dollar headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury yields and fatigue after the cur...
May 19, 2022
Australia’s Woolworths offers to buy majority stake in MyDeal.com
(Reuters) - Australia's Woolworths Group on Friday offered to buy 80% stake in online retailer MyDeal.com, as it looks to take on major internet retail giants operating in the country that includes Am...
May 19, 2022
Indonesia ministry to hold briefing on lifting of palm oil export ban
JAKARTA (Reuters) - Indonesia's Coordinating Ministry for Economic Affairs is scheduled to hold a briefing on the Southeast Asian country's reopening of palm oil exports at 0300 GMT on Friday, accordi...
May 19, 2022
Elon Musk to meet with Brazil’s Bolsonaro, says report
SAO PAULO (Reuters) - Brazilian President Jair Bolsonaro and business magnate Elon Musk are scheduled to meet in Sao Paulo on Friday, Brazilian daily O Globo reported late Thursday. The two will discu...
May 19, 2022
Samsung leader Lee excused from trial hearing as Biden to tour S.Korea chip plant
By Joyce Lee SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee has been excused from attending an accounting fraud trial hearing on Friday, a court spokesperson said, as he is expected to...
May 19, 2022
Britons party for the Queen – but not the monarchy
By Lucy Marks and Natalie Thomas LONDON (Reuters) - Practising Bollywood dance moves at his school gym in central England, 12-year-old Momin Rashid is excited to be one of the 10,000 performers who wi...
May 19, 2022
Peoria, IL, USA
55 °F Sunny
