News in Brief-(12-04-2018)
Thursday, 12 April 2018
Int'l trade fair opens in Hanoi
HANOI, Apr 11: International trade fair Vietnam Expo 2018 kicked off here on Wednesday with the participation of 500 firms from 25 countries and regions. The firms from such countries as China, Thailand, Japan, South Korea, Singapore, Nepal, Egypt, Cuba and Russia are showcasing their various kinds of products, including machines, construction materials, electronic appliances, foodstuffs, drinks and healthcare items at 550 booths at the four-day fair. — Xinhua
Ukraine growth to slow without reforms: WB
KIEV, Apr 11: Ukraine's growth will slow this year if it fails to adopt a raft of measures aimed at streamlining the economy and encouraging investment, the World Bank (WB) warned on Tuesday. The WB said Ukraine's economy expanded by 2.5 per cent of gross domestic product in 2017 and was on course to grow by 3.5 per cent this year-if an IMF-backed package of measures is adopted within the next few months. —AFP
Atlantis Sanya resort opens in China Apr 28
SANYA, Apr 11: Atlantis Sanya, the first Atlantis resort in China, will fully open to the public on April 28. The opening of this ocean-themed integrated entertainment destination will coincide with the festivities of Hainan Province Special Economic Zone 30th Anniversary. The resort's 1,314 guestrooms and 154 suites offer views of the sea and underwater life. Hainan Island is one of China's top holiday destinations. — Media OutReach
US wholesale inflation rises
WASHINGTON, Apr 11: Despite a big drop in energy prices, rising healthcare and transportation costs fed a surge in US wholesale prices in March, pointing to stronger pressures on inflation, the Labor Department reported Tuesday. Bulk prices for machinery, air travel and liquor also rose, while wholesale costs for cable and satellite subscriptions had their largest monthly increase on record, the report showed. — AFP
UK 10-yr bond yields decline
LONDON, Apr 11: British 10-year government bond yields fell to a one-week low on Wednesday as investors sought safe assets after U.S. President Donald Trump warned Russia that missiles "will be coming" in Syria. — Reuters