Page 103 - Eco News Today

Muthoot Finance Ltd reported a smaller-than-expected fourth-quarter profit on Friday, as demand for loans dropped amid weak macroeconomic environment.

Lebanon has received an Interpol notice issued for its central bank governor Riad Salameh, the country's caretaker interior minister Bassam Mawlawi told Reuters on Friday, saying he would implement it if the judiciary instructed him to do so.

When graduate student Cai Zhishan decided to spend her Labour Day holidays in northern China, she wished she had enough money to hire a car for the more-than 4,000km (2,500 mile) round trip - the equivalent of driving from New York to Los Angeles.

The U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while the Aussie dollar slipped after disappointing jobs data.

The International Monetary Fund said on Wednesday Jordan needed to accelerate structural economic reforms to push growth beyond the average 2% to 3% it has struck in recent years to help it generate more jobs to reduce high unemployment.

South African commercial property group Investec Property Fund said on Thursday its full-year distributable income fell 2.8% due to rising interest rates globally.

South Africa's rand weakened on Wednesday after worse-than-expected March retail sales data, and as the dollar hit a six-week high.

Japan's exports rose 2.6% in April from a year earlier, Ministry of Finance data showed on Thursday.

Japan's export growth hit its weakest pace in more than two years in April as China-bound shipments slumped amid lingering worries about faltering global economic demand.

Central Asian heads of state converged in China's historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of "enduring" friendship, paving the way for a summit expected to result in a regional pact with Beijing.