By Nidhi Verma and Aftab Ahmed NEW DELHI (Reuters) – The Indian government’s discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said. The tussle over payment has not disrupted deliveries so far, with …
By Jaspreet Kalra and Ankur Banerjee SINGAPORE/MUMBAI (Reuters) – Asia’s central banks have spent this year defending their currencies against a strong U.S. dollar, paring foreign exchange reserves to multi-month lows in the process, yet have struggled to soothe market nerves or contain capital outflows. Emerging Asia’s currencies have been highly volatile all year, hemmed …
Asian FX reserves slip as central banks grapple with strong dollar Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but increased support from the government means Beijing may still be able to achieve its full-year growth target. Gross domestic product (GDP) likely grew 4.4% in July-September from a year earlier, …
China’a Q3 GDP growth seen slowing to 4.4% as headwinds persist: Reuters poll Read More »
(Reuters) – Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world’s No. 2 oil consumer after the United States. Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia’s conflict in Ukraine. It insists the ties do …
Factbox-Russia-China energy cooperation in focus as Putin visits Xi Read More »
By Mariko Katsumura, Sam Nussey and Miho Uranaka TOKYO (Reuters) -Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at the top end of their marketed range in Japan’s largest initial public offering in five years. Kokusai, owned by U.S. private equity firm KKR, set its IPO price at 1,840 yen …
Japan chip tool maker Kokusai Electric raises $724 million in IPO Read More »
By Guy Faulconbridge and Laurie Chen MOSCOW/BEIJING (Reuters) – Russian President Vladimir Putin will travel to China this week to meet Xi Jinping, the Kremlin chief’s first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting? DEFENCE BOSSES As Defence Minister Li Shangfu has not …
Factbox-What to watch for at Xi’s meeting with Putin Read More »
By Himanshi Akhand and Yantoultra Ngui (Reuters) -The Competition and Consumer Commission of Singapore (CCCS) on Monday raised competition concerns about a plan by Southeast Asian ride-hailing company Grab to acquire Singapore’s third-largest taxi operator, Trans-cab. The commission said in a statement that it was unable to conclude at the end of its first phase …
Singapore regulator raises concern on Grab plan to buy Trans-cab Read More »
(Reuters) – Pakistan on Monday cut the prices of petrol and diesel owing to the decreasing trend of petroleum prices in the international market, the finance ministry said in a statement. The price of petrol would drop by 40 Pakistani rupees ($0.144) to 283.38 rupees a litre effective October 16. High-speed diesel cost would drop …
BEIJING (Reuters) – China will provide more opportunities for foreign businesses to explore the Chinese market as well as promote trade, vice Commerce Minister Wang Shouwen said on Sunday. The government will continue to improve the business environment for foreign companies, Wang said during a meeting with representatives from foreign companies including Exxon Mobil, BASF, …
China to provide more opportunities for foreign companies to promote trade Read More »
SEOUL (Reuters) – South Korea’s stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines. The two unnamed investment banks made naked short-selling transactions of a total 40 billion won ($29.58 million) and 16 billion won, respectively, the Financial Supervisory …
South Korea to fine two Hong Kong banks for naked short-selling Read More »
