Reuters Asia Business

By Aditya Kalra and Biplob Kumar Das (Reuters) -Indian billionaire Mukesh Ambani’s broadcasting unit grabbed rights to televise and live stream the national cricket team’s bilateral matches for $721.41 million, in its latest win over Walt Disney that had previously held the rights. Reliance Industries-owned joint venture Viacom18 won the Board of Control for Cricket …

Indian tycoon Ambani beats Disney to BCCI cricket media rights for $721 million Read More »

By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports from China touched a five-year high in the first four months of the fiscal year that began in April, according to provisional government data reviewed by Reuters. During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tons, up 62% …

India’s April-July finished steel imports from China at five-year high Read More »

By Jayshree P Upadhyay BENGALURU (Reuters) – India’s markets regulator has examined the funds named by a non-profit media organisation that were allegedly involved in investing millions of dollars in some publicly traded stocks of Adani Group, sources aware of the matter said on Thursday. According to the Organised Crime and Corruption Reporting Project (OCCRP), …

India regulator examined funds named by OCCRP in Adani probe- sources Read More »

(Reuters) – Chinese property developer Country Garden is again delaying a deadline for the holders of a yuan bond to vote on several proposals regarding the note repayment, Bloomberg News reported on Thursday. The vote on the 3.9 billion yuan ($537.3 million) onshore private bond is a key hurdle Country Garden will have to overcome …

Country Garden delays yuan bondholder voting deadline again- Bloomberg News Read More »

By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – Higher global interest rates, difficulties in China, a stronger dollar plus another coup in Africa this week have slammed the brakes on what is still a solid run for emerging market assets this year. Below are five charts showing what’s been moved and/or shaken: 1/SHOCK …

Emerging markets beaten back in August as China chills the mood Read More »

By Mariko Katsumura and Ritsuko Shimizu TOKYO (Reuters) -Workers at a major Tokyo department store went on strike on Thursday after talks with management over the planned sale of their company broke down, marking the first major walk-out the country has seen in decades. Some 900 workers at the flagship Seibu store in the bustling …

Workers stage Japan’s first strike in decades over department store sale Read More »

HONG KONG (Reuters) – Hong Kong’s July retail sales rose 16.5% from a year earlier in the eighth consecutive month of growth helped by an increase in visitor arrivals and positive consumption sentiment, the city government said on Thursday. Sales increased to HK$33 billion ($4.21 billion). That compared with a revised 19.5% rise in June …

Hong Kong July retail sales up 16.5%, boosted by tourism revival Read More »