China's export growth beats expectations but imports slip

China's export growth held up well in March, although analysts say the momentum could soon peter out with the world's second-largest economy set to slow sharply due to the Ukraine war and domestic COVID-19 lockdowns.

newspaper

13-04-2022

Fed's Bullard says central bank must put brakes on economic activity -FT

The U.S. Federal Reserve must put the brakes on economic activity to tackle surging prices, James Bullard, president of the St Louis Fed, told the Financial Times in an interview.

newspaper

13-04-2022

Australian competition watchdog sues Honda unit for false dealership closure claims

Australia's competition watchdog on Wednesday took Honda Motor Co's local unit to court alleging the Japanese carmaker falsely claimed to its customers that two of its dealerships had stopped servicing Honda vehicles.

newspaper

13-04-2022

China Q1 overall trade with Russia, Ukraine up from year earlier

BEIJING (Reuters) -China increased its overall trade with Russia and war-hit Ukraine in the first quarter from a year earlier in yuan terms, and Beijing said economic cooperation with both countries would remain normal.

newspaper

13-04-2022

Euro weighed down by waning hopes for peace, kiwi helped by RBNZ hike

The euro was pinned to a five-week low on Wednesday as prospects for peace in Ukraine seemed to darken, while the kiwi was boosted when New Zealand's central bank delivered its steepest rate hike in two decades.

newspaper

13-04-2022

ISS says Wells Fargo pay reforms insufficient to justify support

Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other leaders, citing concerns about the discretion used to award the pay and lack of disclosures.

newspaper

13-04-2022

Japan's Feb machinery orders fall for second month, adding to growth fears

Japan's core machinery orders posted their biggest monthly fall in nearly two years in February, official data showed on Wednesday, dragged down by a steep drop in demand from IT and other service firms to extend their decline into a second month.

newspaper

13-04-2022

Less rice for the same price: inflation bites Asia's food stalls

Profits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50% and the surging costs of other key ingredients.

newspaper

13-04-2022

Euro weighed by waning hopes for peace, NZ $ on edge before rates verdict

The euro was pinned to a five-week low on Wednesday and commodity currencies found support as prospects for peace in Ukraine darkened, while traders were bracing for volatility in the New Zealand dollar ahead of an expected rate hike.

newspaper

13-04-2022