Economic News

MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital.

By Khalid, Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan’s paramilitary Rapid Support Forces (RSF) leader General Mohamed Hamdan Dagalo, known as Hemedti, spoke with U.S. Secretary of State Antony Blinken on the phone and “discussed pressing issues”, Hemedti said on Tuesday.

(Reuters) -Russian President Vladimir Putin has attended a military command meeting in Ukraine’s southern Kherson region which is partly held by Russia, the Kremlin said on Tuesday.

TOKYO (Reuters) – Foreign ministers from the Group of Seven rich nations on Tuesday G7 condemned Russia’s “irresponsible nuclear rhetoric” as “unacceptable” and called on China to act as a responsible member of the international community.

WARSAW (Reuters) – Poland and Ukraine will resume negotiations early on Tuesday to try to reopen the transit of food and grains, the Polish agriculture minister told public radio station PR1.

SHANGHAI (Reuters) – Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market.

SYDNEY (Reuters) – Australia and New Zealand on Tuesday announced plans for the allies’ armies to work more closely together as New Zealand looks to its larger neighbour for help reinvigorating an armed forces battling worker shortages.

ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse.

TOKYO (Reuters) – A U.S. diplomatic convoy came under fire on Monday in Sudan, U.S. Secretary of State Antony Blinken said on Tuesday, adding that initial reports suggested that it was carried out by forces associated with Sudan’s paramilitary Rapid Support Forces.

By Arathy Somasekhar (Reuters) – Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.

SEOUL (Reuters) – J-Hope, a member of Grammy-nominated K-pop boy band BTS, will begin his mandatory military service in South Korea on Tuesday, local media reported, the second member of the group to do so.

By Scott Murdoch SYDNEY (Reuters) – Asia’s share markets were in a cautious mode on Tuesday as global investors waited to see whether China recorded a first quarter bounceback from its punishing pandemic lockdowns that led to a major economic slowdown.

(Reuters) – Russian President Vladimir Putin has visited security forces in parts of Ukraine that Russia says it annexed last year, as Group of Seven foreign ministers meeting in Japan condemned a Russian plan to station nuclear weapons in Belarus.

By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a potential buyout of Hong Kong’s leading telecoms company HKBN Ltd, which is currently valued at $1 billion, four people with knowledge of the matter said.

(Reuters) – China’s economy grew at a faster-than-expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December.

(Reuters) – The International Monetary Fund said its executive board had approved a four-year $15.6 billion loan programme for Ukraine, part of a global $115 billion package to support the country’s economy as it battles Russia’s 13-month-old invasion.

SHANGHAI (Reuters) – Japanese automaker Nissan Motor aims to have seven electric vehicle (EV) models by 2026 and 80% of its line-up to be electric by 2030, chief operating officer Ashwani Gupta said on the sidelines of the Shanghai auto show on Tuesday.

WELLINGTON (Reuters) – Fiji must take urgent action to reduce a debt burden that exceeds 90% of gross domestic product or put at risk its recovery from the COVID pandemic and plans for sustainable economic development, the World Bank said on Tuesday.

JERUSALEM (Reuters) – A gunman opened fire on a vehicle in Jerusalem on Tuesday in a suspected shooting attack, Israeli police said. Two people were wounded, Israel’s ambulance service said and officers were searching for the suspect, police said.