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Japan exports soar to record in Dec; China shipments make long-awaited rebound

By Satoshi Sugiyama TOKYO (Reuters) -Japan’s exports surged to record highs in December, with shipments to the U.S. soaring to their strongest-ever level while those to China were also robust, logging their first rise in more than a year. The better-than-expected data comes at a time of heightened concern about a faltering economic recovery in …

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Fortescue faces rare delays for China iron ore customs clearance – sources

By Melanie Burton (Reuters) -At least two iron ore cargoes from the world’s No.4 supplier Fortescue Metals Group are facing unusual customs delays at north China’s Caofeidian port due to inspections for solid waste, sources with knowledge of the matter said. The cargoes were in two shipments totalling roughly 400,000 metric tons, the sources said, …

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Thai central bank chief rejects talk of ‘crisis’, says gov’t stimulus won’t fix economy

By Orathai Sriring, Devjyot Ghoshal and Kay Johnson BANGKOK (Reuters) -Thailand’s central bank chief, under fire from the prime minister for not cutting rates, said slower-than-expected economic growth was not a crisis as portrayed by the government, nor would it be revived by its quick-hit stimulus measures. The Bank of Thailand’s current policy rate is …

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Turkey approves Sweden’s NATO membership bid after 20-month delay

By Huseyin Hayatsever and Tuvan Gumrukcu ANKARA (Reuters) -Turkey’s parliament ratified Sweden’s NATO membership bid on Tuesday, clearing the biggest remaining hurdle to expanding the Western military alliance after 20 months of delay. Turkey’s general assembly, where President Tayyip Erdogan’s ruling alliance holds a majority, voted 287-55 to approve the application that Sweden first made …

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