Economic News

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.

(Reuters) – Russian artillery and aerial attacks killed two civilians and wounded two more in Ukraine’s southern region of Kherson on Thursday, the local governor said.

WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it had not received any request from Tunisia to re-evaluate loan conditions while also denying it had imposed ‘diktats’ on the country as it considers a bailout package.

By Jorgelina do Rosario WASHINGTON (Reuters) – Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program, four sources familiar with the matter told Reuters.

CAIRO (Reuters) – Egypt and the International Monetary Fund have yet to agree on a date for the initial review under a $3 billion financial package signed in December, an IMF official said on Thursday.

By John Irish PARIS (Reuters) – Foreign ministers from the Group of Seven nations will use talks in Japan next week to assess their strategy in the Middle East, diplomatic sources said on Thursday, as strategic shifts bypass Western powers leaving them scrambling for influence.

(Reuters) – Twitter-owner Elon Musk said on Thursday users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video.