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China c.bank urges more lending to small firms amid COVID shocks

BEIJING, May 26 (Reuters) - China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken economy back on track. The People's Bank of China (PBOC) urged national banks in a notice to prioritise lending to central and

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Myanmar c.bank orders state bodies not to use foreign currencies

May 26 (Reuters) - Myanmar's central bank has ordered ministries and local governments not to use foreign currencies for domestic transactions, to help relieve pressure on the kyat currency. The Southeast Asian country's economy has been in crisis since the military seized power last year, halting a decade of political and economic reforms and pili

Factors to watch - May 26

DUBAI, May 26 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS--Asian shares stumble on growth worries as central banks tighten * Oil firms on tight supply though EU ban on Russian oil sti

China c.bank urges more lending to small firms amid COVID shocks

BEIJING, May 26 (Reuters) - China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken economy back on track. The People's Bank of China (PBOC) urged national banks in a notice to prioritise lending to central and

Philippines' Marcos names new finance chief and c.bank governor

MANILA, May 26 (Reuters) - Philippine President-elect Ferdinand Marcos on Thursday announced the current central bank governor Benjamin Diokno would be his finance minister when he takes office next month. Diokno will be replaced by Felipe Medalla as Bangko Sentral ng Pilipinas (BSP) governor, Marcos said in an interview conducted by his press new

Japan's Nikkei muted as airlines offset losses in chip-related stocks

TOKYO, May 26 (Reuters) - Japan's Nikkei share average struggled for momentum on Thursday after two straight sessions of falls, as gains in airline and railway stocks countered losses in chip-related equities. The Nikkei .N225 inched higher 0.03% to 26,685.71 by the midday break, after swinging between small gains and losses. The broader Topix .TOP
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Morning News Call - India, May 26

To access a PDF version of this newsletter, please click here Link If you would like to receive this newsletter via email, please register at: Link FACTORS TO WATCH • 1:15 pm: Apollo Hospitals Enterprise management at fourth-quarter results analyst call. • 4.00 pm: Page Industries management at fourth-quarter earnings analyst call. • 5:00 pm:

Philippines' next finance minister Diokno vows fiscal policy continuity

MANILA, May 26 (Reuters) - Philippine central bank Governor Benjamin Diokno said on Thursday that continuity of sound macro and fiscal policies will be important to strengthen the economy when he starts a new role as finance minister in the Marcos administration next month. "As finance secretary, I will strive to continue prudently and carefully ba

Australia, NZ dlrs struggle to make headway amid global risks

By Wayne Cole SYDNEY, May 26 (Reuters) - The Australian dollar eased on Thursday as local data proved too mixed to offset the drag from weak global share markets, while the New Zealand dollar struggled to get much leverage from higher domestic interest rates. The Aussie dipped 0.1% to $0.7088 AUD=D3 , having faltered short of $0.7126 resistance for
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G7 scrambles to keep climate agenda on track as Ukraine war roils energy supplies

BERLIN, May 26 (Reuters) - Ministers from the world's wealthiest democracies will wrangle over how to keep climate change goals on track as they meet in Berlin on Thursday for talks overshadowed by spiralling energy costs and fuel supply worries sparked by the war in Ukraine. Energy, climate and environment ministers from the Group of Seven (G7) co

Dollar hovers near one-month low as Fed minutes lack surprise

By Kevin Buckland TOKYO, May 26 (Reuters) - The safe-haven dollar hovered near a one-month low on Thursday amid improving risk appetite after minutes of the Federal Reserve's May meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July. The dollar index =USD , which measures the currency against
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Gold dips on rising yields after Fed minutes signal patience

* Gold's response to Fed minutes disappointing - analyst * SPDR gold ETF holdings rose on Wednesday * Fed set to hike rates by 50 bps again in June and July By Bharat Gautam May 26 (Reuters) - Gold prices edged lower on Thursday as Treasury yields gained, after the appeal of bullion was somewhat restored by minutes of a U.S. Federal Reserve policy
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Vietnam dong, gold rates - May 26

HANOI, May 26 (Reuters) - Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 2:23 GMT. May 26 USD/VND mid-point VND=SBVN 23,105 USD/VND interbank VND=VN 23,205/23,215 USD/VND unofficial VNDUNOFF=VN 23,820/23,870 SJC gold (mln dong/tael) 68.00

Asian shares stumble on growth worries as central banks tighten

By Andrew Galbraith SHANGHAI, May 26 (Reuters) - Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence. While the minutes also highlighted policymakers' faith in th
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U.S. grains fall on hopes stuck supply from Black Sea could start moving

MUMBAI, May 26 (Reuters) - U.S. corn and wheat futures fell in early trade on Thursday on hopes that stuck grain supplies from the Black Sea region could start moving, while soybean eased on concerns over demand from top consumer China. * The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 1.72% to $7.59 a bushel as of 0203
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Most Asian currencies weaken, China's yuan leads losses

May 26 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 127.340 127.31 -0.02 Sing dlr 1.375 1.3747 -0.03 Taiwan dlr 29.522 29.556 +0.12 Korean won 1266.700 1264.6 -0.17 Baht 34.315 34.255 -0.17 Peso 52.380 52.41 +0.06 Rupee
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Australia business investment dips in Q1, outlook sharply upgraded

By Wayne Cole SYDNEY, May 26 (Reuters) - Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted plans for spending in the year ahead in a boost to the economic outlook. Data from the Australian Bureau of Statistics out on Thursday showed private capital spending

S.Korean stocks rise; won flat after BOK hikes rate as widely expected

* KOSPI rises, foreigners net buyers * Korean won flat against U.S. dollar * South Korea benchmark bond yield rises SEOUL, May 26 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rose on Thursday, tracking overnight Wall Street gains, while the won traded flat after the central bank hiked rates in a widely expected mov

Oil firms on tight supply though EU ban on Russian oil still uncertain

By Sonali Paul MELBOURNE, May 26 (Reuters) - Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Brent crude LCOc1 futures for July settlement inched u
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May rubber deliveries at 259 lots

TOKYO, May 26 (Reuters) - The following are deliveries and prices of rubber contracts that expired on the Osaka Exchange in the past six months. Each lot is for five tonnes. May April March Feb Jan Dec Expiry price Yen) 250.7 267.6 258.0 255.9 228.2 224.6 Delivery (lots) 259 94 140 143 110 211 (Reporting by Fumika Inoue

Banks, tech push Australian shares higher; Appen soars on buyout offer

May 26 (Reuters) - Australian shares inched higher on Thursday, helped by gains in banking and tech stocks, while artificial intelligence company Appen soared after saying it had received a buyout offer from Canada's Telus International. The S&P/ASX 200 index .AXJO rose 0.1% to 7,161.00 by 0047 GMT after a 0.4% gain on Wednesday, also tracking stre
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