Economic News

BEIJING (Reuters) – China is willing to work with Germany on the economic and trade fronts, and the two countries are partners, not adversaries, its foreign minister, Qin Gang, said on Friday.

MOSCOW (Reuters) – Russia’s ambassador to the United States said Washington had threatened retaliation after Wall Street Journal reporter Evan Gershkovich was detained on espionage charges, and suggested it might be time to cut the number of U.S. journalists in Russia.

(Reuters) – Germany’s wholesale price index rose in March compared with the same month last year, according to data released on Friday.

By Sarah N. Lynch and Idrees Ali WASHINGTON (Reuters) – An Air National Guardsman suspected of leaking highly classified U.S. documents that have embarrassed Washington with allies around the world will be arrested on Thursday in Massachusetts, a source familiar with the situation told Reuters.

SINGAPORE (Reuters) -Singapore’s central bank on Friday left its monetary policy settings unchanged, reflecting the city-state’s concerns about its growth outlook and surprising economists who had expected another round of tightening.

BUDAPEST (Reuters) – Hungarian police found 17 migrants crammed into a closed space with no proper ventilation when they stopped a truck with Turkish license plates near the southern border.

BEIJING (Reuters) – Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider.

By Casey Hall HAIKOU, China (Reuters) -Representatives of over 3,000 brands including Burberry and Estee Lauder descended on China’s Hainan this week to show off their latest wares, hoping to cash in on a post-COVID consumer rebound that has kicked off on the island known for its duty free shopping.

By Danilo Masoni and Samuel Indyk MILAN/LONDON (Reuters) – European exchange stocks stand to benefit from a spike in volatility surrounding the downfall of Credit Suisse, as some investors turn towards bourse operators attracted by their defensive qualities and modest valuations.

By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying scheme to complement further interest rate hikes, Belgian policymaker Pierre Wunsch said.

A look at the day ahead in European and global markets from Wayne Cole.

By Sujith Pai and Veronica Dudei Maia Khongwir

TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward.

By Renju Jose SYDNEY (Reuters) -A tropical cyclone smashed into Australia’s northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world’s largest iron ore export hub at Port Hedland, authorities said on Friday.

By Leika Kihara WASHINGTON (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday he told his G20 counterparts the central bank will likely keep monetary policy ultra-loose to stably and sustainably achieve its 2% inflation target.

By Adriana Barrera and Lizbeth Diaz MEXICO CITY (Reuters) – Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking, as well as Mexico’s Sinaloa and CJNG drug cartels and their supply chains, in joint bid to reduce consumption of

SYDNEY (Reuters) – The state of Western Australia will allocate land to a battery metal processing facility proposed by IGO Ltd and Wyloo Metals, which is backed by billionaire Andrew Forrest, as the country pushes to process more critical minerals at home.

BEIJING (Reuters) – China carried out a missile drill in its western region of Xinjiang, Chinese state broadcaster CCTV reported on Friday, without giving a specific date.

By Leika Kihara and Jorgelina do Rosario

By Gabriella Borter (Reuters) – Florida’s Republican-led House of Representatives on Thursday gave final approval to a six-week abortion ban, setting the stage for abortion access to be drastically curtailed in the state and across the U.S. South.