By Karin Strohecker LONDON (Reuters) – The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development ba[...]
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April 2, 2024
Brazil’s Pix payments are killing cash. Are credit cards next?
By Marcela Ayres BRASILIA (Reuters) – In just three years, Brazil’s hugely popular Pix payment system has become the country’s favorite way to pay, replacing cash and wire transfers[...]
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South Asia’s jobs creation lags population growth, says World Bank
By Uditha Jayasinghe COLOMBO (Reuters) – Job creation in South Asian economies is not keeping pace with the rise in the working age population, putting the region on a path that risks “squ[...]
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World Bank raises Sri Lanka’s growth forecast to 2.2% for 2024
By Uditha Jayasinghe COLOMBO (Reuters) -The World Bank raised its forecast for Sri Lanka’s economy on Tuesday, projecting growth of 2.2% for 2024 as the crisis-hit nation makes a faster-than-exp[...]
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China lifts tariffs on Australian wine, ends three-year freeze in trade
By Ryan Woo, Albee Zhang and Casey Hall BEIJING (Reuters) – China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday[...]
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Morning Bid: Yen vigil keeps markets on edge
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another warning from Tokyo has kept a check on the yen’s slide, with the Asian currency ever so close to t[...]
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India’s March factory growth hits 16-year high, hiring picks up
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing industry enjoyed solid growth in March, expanding at the fastest pace in 16 years thanks to accelerating demand, according to a[...]
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Frontier Airlines overhauls network, turns to premium seats in comeback
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. no-frills carrier Frontier Airlines is focusing on growing its network in “high fare” markets like Seattle and Detroit at the expense o[...]
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Thailand records 9.4 million tourists in first 3 months, $12.4 billion in spending, government says
(Reuters) – Thailand recorded 9.4 million foreign tourists in the first three months of this year, who contributed an estimated 454.6 billion baht ($12.4 billion) to the economy in spending, the[...]
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