By Asif Shahzad ISLAMABAD (Reuters) – Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed, and is discussing with Islamabad whether payment could be made in the currencies of “friendly” countries, Russia’s energy minister said on Friday. Pakistan has been battling a balance of payment crisis with foreign exchange reserves …
Pakistan could start importing Russian oil after March Read More »
AMSTERDAM (Reuters) – The Netherlands’ defence ministry advised the government in 2020 not to allow semiconductor equipment supplier ASML Holding NV to export any of its most modern machines to China, Dutch newspaper Het Financieele Dagblad reported on Friday. The FD obtained a slightly redacted version of the advice, which it has published on its …
Dutch defence ministry advised against ASML exports to China in 2020 -FD Read More »
(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the firm topped estimates for subscriber additions. Shares of the streaming pioneer surged more than 8% on Friday, as its fourth-quarter earnings report showed …
Netflix’s ability to churn out hits gives it an edge over rivals Read More »
By Elaine Lies TOKYO (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood – the reason, he says, he can’t make the price hikes on his wares that would allow him to give his workers a pay rise. Steep price increases on surging raw materials costs …
In a Tokyo supermarket, signs of struggle for Japanese business Read More »
By Daniel Ramos LA PAZ (Reuters) -Bolivia has chosen a consortium including Chinese battery giant CATL to help develop the South American country’s huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia. The deal, announced at an event in the political capital La Paz, …
Bolivia taps Chinese battery giant CATL to help develop lithium riches Read More »
TOKYO (Reuters) – Japan’s industry minister said on Friday he received a supportive letter from French Finance Minister Bruno Le Maire about the alliance between Renault and Nissan, which the carmakers are seeking to rebalance. “I received a letter … that stated support for the Nissan-Renault plan. And I have sent back a letter in …
France told Japan it backs Nissan-Renault plan, Japanese minister says Read More »
By Aditya Kalra NEW DELHI (Reuters) -Google said on Friday it will cooperate with India’s competition authority after the Supreme Court upheld stringent antitrust directives forcing the U.S. firm to change how it markets its popular Android platform in a key growth market. The Competition Commission of India (CCI) ruled in October that Google, owned …
Google vows to cooperate with India antitrust watchdog after Android ruling Read More »
BENGALURU (Reuters) – HDFC Life Insurance Co reported a 15% rise in third-quarter profit on Friday, driven by higher income from premiums and its investments and said it expects to sell more policies in the next few quarters. “Insurance as a sector continues to be a beneficiary of a relatively robust economy, stable savings trends …
India’s HDFC Life reports 15% jump in Q3 profit as premiums climb Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour. The island nation of 22 million people has …
Sri Lanka expects financing assurances from China for IMF deal within days Read More »
MUMBAI (Reuters) – The benefits of Indian banks’ switching to the International Financial Reporting Standards (IFRS) accounting rules will outweigh any short-term impact on capital levels and is unlikely to drive rating changes, said credit rating agency Fitch. While the Reserve Bank of India has not yet set a deadline to shift from the Generally …
Indian banks’ switch to IFRS accounting norms unlikely to hit rating -Fitch Read More »
