Ethiopia deputy Finance Minister: rumour of FX devaluation “completely unfounded”

JOHANNESBURG (Reuters) – Ethiopia’s deputy finance minister said on Thursday that rumours the birr currency would be devalued were “completely unfounded”, as the east African country seeks an International Monetary Fund (IMF) after an African Union-backed ceasefire. “There is widespread rumour that devaluation is in the making. This is just a rumour. Completely unfounded,” state …

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India’s Asian Paints Q3 profit misses view on monsoon-induced demand slowdown

BENGALURU (Reuters) -India’s top paint maker Asian Paints Ltd reported a smaller-than-expected rise in third-quarter profit on Thursday, as an extended monsoon season dampened festive demand in October. The Mumbai-based company’s consolidated net profit rose 5.6% to 10.73 billion rupees ($131.90 million) in the three months ended Dec. 31. Analysts, on average, had expected a …

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Las bolsas europeas tropiezan por temor a una desaceleración y resultados empresariales flojos

19 ene (Reuters) – Las bolsas europeas se encaminaban a romper una racha de seis sesiones de avances el jueves, después de que los mediocres datos económicos de Estados Unidos reavivaran los temores a una desaceleración económica mundial, mientras que los decepcionantes resultados empresariales en la región desalentaron aún más el apetito de los inversores. …

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Alemania pone condiciones a Estados Unidos para exportar tanques alemanes a Ucrania

Por Max Hunder y Tom Balmforth KIEV/BERLÍN, 19 ene (Reuters) – Alemania enviará tanques de fabricación alemana a Ucrania siempre y cuando Estados Unidos acepte hacer lo mismo, dijo a Reuters una fuente gubernamental en Berlín, mientras los miembros de la OTAN seguían sin ponerse de acuerdo sobre la mejor manera de armar a Ucrania …

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Indonesia central bank signals end of rate hike cycle as inflation cools

By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate by 25 basis points (bps) on Thursday, its sixth hike since August, and signalled that its tightening cycle was ending as inflation has cooled faster than expected. Bank Indonesia (BI) increased the 7-day reverse repurchase rate to 5.75%, as …

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Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data

By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary policy raise hopes for higher profits. According to Refinitiv IBES data, China’s large and mid-cap companies’ profits are seen rising 16.2% in 2023, the fastest …

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El jefe del grupo Wagner habla de avance en Bajmut, pero la victoria aún queda lejos

19 ene (Reuters) – El fundador del grupo mercenario ruso Wagner, Yevgeny Prigozhin, declaró el jueves que sus fuerzas han tomado la aldea de Klishchiivka, a las afueras de Bajmut, pero afirmó que todavía no es posible obligar a las fuerzas ucranianas a abandonar rápidamente la ciudad del este de Ucrania. En una transcripción de …

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Twitter prices Blue for Android at $11 per month; launches annual web plan

(Reuters) -Twitter Inc said on Wednesday it would price Twitter Blue subscription for Android at $11 per month – the same as for iOS subscribers – while offering a cheaper annual plan for web users when compared to monthly charges. The blue check mark – previously free for verified accounts of politicians, famous personalities, journalists …

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India foreign minister visits Sri Lanka with stronger ties, China in focus

By Uditha Jayasinghe COLOMBO (Reuters) -India’s foreign minister arrives in Colombo on Thursday following his country’s backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island’s last remaining major creditor which has yet to agree to the debt restructuring plan. India has told global lender IMF that …

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