Notizia

TOKYO (Reuters) -Japanese policymakers held fast to their usual line on yen weakness on Wednesday, stating that rapid moves were undesirable, but confounded expectations they may escalate warnings about the sliding currency as it fell to fresh 20-year lows.

China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region.

The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production costs.

French Finance Minister Bruno Le Maire reaffirmed on Wednesday that he expected the peak in inflation to last several more weeks or even several more months, before eventually going back down by the start of 2023.

(Corrects paragraph 5 start of Shanghai's full lockdown to April, not March)

China will make port operations more efficient and hold more online trade fairs as part of a suite of new measures to ease pressure on the country's foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday.

Volkswagen's Spanish brand CUPRA will launch three electric models by 2025, including what would be its first fully electric vehicle to be made in Spain, CUPRA said on Tuesday.

China's foreign trade is facing uncertainty and huge pressure due to domestic and external factors, including logistics problems and soaring raw material prices, Vice Commerce Minister Wang Shouwen said on Wednesday.

Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne from $575 per tonne to encourage shipments.