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Oil prices dip as demand concerns outweigh Middle East supply fears

Reuters, Published on 17/04/2024

» TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the Middle East.

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GENERAL

Oil prices rise as Israel weighs response to Iran attack

Reuters, Published on 16/04/2024

» Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

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GENERAL

Central bank's independence must not overlook people's suffering: PM

Reuters, Published on 11/04/2024

» Prime Minister Srettha Thavisin said on Thursday that an interest rate cut by the Bank of Thailand (BoT) would have been good for the Thai economy, in response to the bank’s decision to hold interest rates steady.

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GENERAL

Bank of Thailand holds key rate at 2.50%

Reuters, Published on 10/04/2024

» Thailand's central bank left its key interest rate unchanged for a third straight meeting on Wednesday, as widely expected, resisting government pressure to lower borrowing costs to help revive Southeast Asia's second-largest economy.

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Digital wallet scheme coming in Q4, says Srettha

Reuters, Published on 10/04/2024

» The government's 500 billion baht (US$13.75 billion) digital wallet handout scheme will be rolled out in the fourth quarter of this year, Prime Minister Srettha Thavisin said on Wednesday.

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GENERAL

Consumer confidence falls for first time in 8 months

Reuters, Published on 10/04/2024

» Consumer confidence fell for the first time in eight months in March due to slow economic recovery and higher living costs, a survey showed on Wednesday.

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GENERAL

China's central bank adds to gold reserves as price soars

Reuters, Published on 08/04/2024

» LONDON - China's central bank added 160,000 troy ounces of gold to its reserves in March, it said, in line with the market view that persistent official sector demand had supported gold's continuing rally.

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GENERAL

Bank of Thailand seen cutting rates twice this year

Reuters, Published on 04/04/2024

» Thailand's Bond Market Association (ThaiBMA) on Thursday said it expects the Bank of Thailand (BoT) to cut rates twice this year starting from June and totalling 50 basis points.

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GENERAL

Business group maintains GDP growth forecast

Reuters, Published on 03/04/2024

» Thailand's economy is expected to grow 2.8% to 3.3% this year, a leading joint business group said on Wednesday, maintaining a previous forecast.

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GENERAL

Japan starts ammonia co-firing trial at coal power station

Reuters, Published on 01/04/2024

» TOKYO - Japan's top power generator, JERA, said on Monday it has begun a demonstration of co-firing 20% of ammonia with coal at its Hekinan thermal power station in central Japan, in what it said is the world's first trial using a large amount of the gas at a major commercial plant.