By Joe Cash BEIJING (Reuters) -China’s exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orde[...]
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May 8, 2023
Citi appoints new North Africa, Levant and Central Asia head
DUBAI (Reuters) – Banking group Citi has appointed Omar Hafeez as head of its North Africa, Levant and Central Asia operations based in Dubai after a reorganisation of the company’s MENA r[...]
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Marketmind: Markets await US banks’ take on credit squeeze
A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia, which is no surprise given U.S. consumer prices loom this week as a major tes[...]
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Westpac ditches cost-cutting target, says profit margins to thin
By Byron Kaye and Roushni Nair (Reuters) -Australia’s Westpac Banking Corp on Monday threw out a cost-cutting target citing inflation and flagged thinner profit margins going ahead, but investor[...]
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Japan’s service activity grows at record pace in April – PMI
TOKYO – Japan’s services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic re[...]
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Australia business activity robust in April, cost pressures still a challenge
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pres[...]
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Bank of Japan debated risk of inflation overshoot in March
By Leika Kihara TOKYO (Reuters) – Several Bank of Japan (BOJ) board members said the central bank must be vigilant to the risk of inflation accelerating more than expected, minutes of the March[...]
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