Economic News

PARIS (Reuters) – The Paris Club of creditor governments aims to start negotiations to restructure Sri Lanka’s debt, the group said on Friday after a creditor committee was set up this week.

By Valentine Hilaire MEXICO CITY (Reuters) – Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed

WASHINGTON (Reuters) – U.S. import prices fell more than expected in March, leading to the biggest year-on-year decline since mid-2020, further evidence that inflation pressures were subsiding.

By Leika Kihara WASHINGTON (Reuters) -Bank of Japan (BOJ) Assistant Governor Tokiko Shimizu said on Friday there had been “extremely high” uncertainty regarding Japan’s economy, as slowing global growth and recent financial market stress cloud its outlook.

By Howard Schneider (Reuters) – Despite a year of aggressive rate increases U.S. central bankers “haven’t made much progress” in returning inflation to their 2% target and need to move interest rates higher still, Federal Reserve Governor Christopher Waller said on Friday.

By Balazs Koranyi WASHINGTON (Reuters) – A growing number of European Central Bank policymakers are calling for the bank to stop reinvesting cash into its largest bond buying scheme, to help trim its balance sheet as part of efforts to tackle inflation, sources with direct knowledge

MADRID (Reuters) – A 74-year-old Spanish man accused of sending a series of letter bombs in late 2022 will be bailed under supervision on Friday, after a high court judge concluded there was no risk that he would re-offend.

(Reuters) – Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, supply chain, technology and construction in Canada.

By Lewis Jackson and Kirsty Needham SYDNEY (Reuters) – An Australian man who had recently returned from China was arrested in Sydney on Friday and charged with a foreign interference offence, police, court officials and neighbours of the man said.

BEIRUT (Reuters) – Lebanon’s security forces have seized an estimated 10 million captagon pills that were to be smuggled to Senegal and then on to Saudi Arabia, Interior Minister Bassam Mawlawi said in a tweet on Friday.

By Birsen Altayli and Can Sezer ISTANBUL (Reuters) – The deadliest earthquake in Turkey’s modern history has reawakened fears on the other side of the country that Istanbul is an even bigger disaster waiting to happen, sending hundreds of thousands scrambling to find safer homes.

BEIJING (Reuters) – China and Brazil should deepen practical cooperation, and tap potential to work together in sectors including agriculture, energy, and infrastructure construction, Chinese President Xi Jinping was quoted as saying by state media on Friday.

TUNIS (Reuters) – The Tunisian coastguard has recovered eight more bodies from a migrant boat that sank off the country’s shores this week, raising the death toll to 33, the coastguard said on Friday.

SINGAPORE (Reuters) – A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows coming from China over the past year due to political sensitivity.

MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.

BEIJING (Reuters) – China will take steps to stabilise employment, particularly at manufacturing and trading companies, state media reported on Friday, citing discussions at a cabinet meeting.

By Jonathan Landay, Idrees Ali and Arshad Mohammed

BENGALURU (Reuters) – Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, has reduced its planned investment in Reliance’s broadcast venture Viacom18 by 70% and will now pump in 43.06 billion rupees ($527.84 million), Viacom18 said late on Thursday.

(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income (NII).

JAKARTA (Reuters) – A magnitude 6.6 earthquake struck off Indonesia’s Java island on Friday but there was no risk of tsunami, the country’s geophysics agency said.