SHANGHAI/SINGAPORE (Reuters) -China kept its benchmark lending rates unchanged for the ninth month in May on Monday, matching market expectations, as a weakening yuan and widening yield differentials[...]
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May 22, 2023
Economists push back expected Fed rate cut to 2024, NABE poll shows
By Michael S. Derby NEW YORK (Reuters) – Economists have pushed back their expectations of when the Federal Reserve will cut interest rates and have raised their forecasts for inflation and the[...]
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Australia hits buy-now-pay-later sector with consumer credit law
By Byron Kaye and Renju Jose SYDNEY (Reuters) -Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background c[...]
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Grupo Mexico says negotiations with government more difficult after railway expropriation
MEXICO CITY (Reuters) – Grupo Mexico said on Sunday its negotiations with the government are facing difficulties after the Mexican Navy took over part of a railway in southern Mexico operated by[...]
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Japan March core machinery orders fall for 2nd straight month
TOKYO (Reuters) – Japan core machinery orders fell in March for a second straight month, indicating firms’ cautious about capital spending amid worries about the global economic slowdown.[...]
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Instagram back up after global outage affecting thousands of users
(Reuters) -Meta Platform Inc’s Instagram was back up for most users, the company said on Sunday, after a technical issue that disrupted services to thousands of people had been resolved. “[...]
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South Korea May 1-20 exports fall 16.1% on year
SEOUL (Reuters) – South Korean exports in the first 20 days of May fell 16.1% from a year earlier and imports dropped by 15.3%, customs agency data showed on Monday. The country’s trade ba[...]
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What India’s decision to scrap its 2000-rupee note means for its economy
By Ira Dugal MUMBAI (Reuters) -India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, w[...]
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