Economic News

BRUSSELS (Reuters) – Euro zone industrial output was stronger than expected in February, data showed on Thursday, mainly thanks to a rise in production of capital and non-durable consumer goods.

LONDON (Reuters) – U.S. President Joe Biden did not discuss the leak of intelligence documents with British Prime Minister Rishi Sunak when the two men met in Northern Ireland this week, White House press secretary Karine Jean-Pierre said on Thursday.

(Reuters) -Former U.S. president Donald Trump has arrived in Manhattan for a deposition before New York’s attorney general Letitia James, he said on Thursday in a post on his social media platform, Truth Social.

By Ben Blanchard TAIPEI (Reuters) – Taiwan President Tsai Ing-wen said on Wednesday that her recent overseas trip, which included the United States, showed the world Taiwan’s determination to defend freedom and democracy, even as the prompted China to stage war games around the island.

SINGAPORE (Reuters) – Zurich-based Julius Baer has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday.

BEIJING (Reuters) – China’s exports posted a surprise surge in March, with outbound shipments rising 14.8%, snapping five months of decline, while imports fell a smaller-than-expected 1.4%, customs data showed on Thursday.

HOUSTON (Reuters) – Chevron Corp (CVX.N) paid Chief Executive Michael Wirth $23.6 million last year, a 4% increase from a year before, according to securities filings released on Wednesday.

By Hyonhee Shin and Minwoo Park SEOUL (Reuters) – Every Saturday a group of young South Koreans gathers in Incheon just west of Seoul to talk about their battles with drug abuse, seeking sympathy and support in often emotional exchanges.

WARSAW (Reuters) – Poland is skeptical about French attempts to organise talks between Ukraine and Russia, the Polish foreign minister said on Thursday.

By Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status

(Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, reported on Thursday a 16.4% rise in first-half operating profit.

By Renju Jose SYDNEY (Reuters) -Australia’s northwest region, home to the world’s largest export hub for iron ore, could be hit by the most powerful tropical cyclone there in a decade as ports cleared ships and residents rushed to stock up on essential supplies.

KYIV (Reuters) – Ukraine’s gross domestic product (GDP) fell by 29.1% in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesday.

OTTAWA (Reuters) – Canada and South Korea plan to launch talks on an information security agreement to facilitate intelligence-sharing and promote security ties, a Canadian government source said on Thursday.

By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounting watchdog said on Thursday.

By Jamie McGeever ORLANDO, Florida (Reuters) – If small businesses are the bedrock of the U.S. economy, last month’s banking shock has given us a pretty good idea of where the epicenter of any looming recession will be.

MOSCOW (Reuters) – Alexei Moskalyov, a Russian man who was jailed for “discrediting the Russian army” after his daughter Masha drew anti-war pictures at school has been extradited from Belarus to Russia, state-owned news agency RIA reported, citing a Belarusian official.

ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday.

By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, according to five sources with direct knowledge of the

KAMPALA (Reuters) – When Frank Mugisha came out two decades ago, being gay in Uganda could be lonely and uncomfortable, but it was rarely a matter of life and death.