Economy

Economy News

ASML Q1 earnings beat forecasts slightly, bookings seen strong

By Toby Sterling AMSTERDAM (Reuters) -ASML Holding NV, a key supplier to computer chip makers, reported on Wednesday first-quarter sales of 3.5 billion euros ($3.8 billion) and net income of.

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Business Economy News

Just Eat Takeaway weighs GrubHub sale, scales back 2022 growth view

By Toby Sterling AMSTERDAM (Reuters) -Europe’s largest meal delivery company, Just Eat Takeaway.com, scaled back expectations for growth in 2022, as it reported on Wednesday a decline of 1% in.

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Economy News

‘No such thing as good or bad’ in exchange rates, says Japan govt official

TOKYO (Reuters) – A senior Japanese government official said on Wednesday that there was no “good or bad” in exchange rates, in remarks that suggested Tokyo was not ready to.

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Economy News

Taiwan firms in China hub make uneven restart from COVID curbs

TAIPEI (Reuters) -Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some.

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Business Economy News

Analysis-Wealth shock: property bust in small Chinese cities rattles households

By Liangping Gao and Ryan Woo BEIJING (Reuters) – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of.

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Economy News

New Zealand should spend cautiously, fiscal rules expected – Finance Minister

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s finance minister said on Tuesday the government should continue to be careful about spending and flagged the introduction of new fiscal rules.

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Economy News

Sri Lanka says IMF to consider request for rapid aid

By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday..

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Business Economy News

China to keep cutting crude steel output in 2022, state planner says

BEIJING (Reuters) – China’s state planner will reduce crude steel output this year after cutting about 30 million tonnes of production in 2021, an official said on Tuesday. The world’s.

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Economy News

Japan must pass extra budget in current parliament session, says ruling bloc partner leader

TOKYO (Reuters) – Japan’s parliament must pass a fresh extra budget before its current session ends in mid-June, the head of a junior ruling coalition partner said on Tuesday, repeating.

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Economy News

Australia rate hike brought nearer by inflation, wages – central bank

By Wayne Cole SYDNEY (Reuters) – Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and a tightening.

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