By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target. The Monetary Policy Committee (MPC), which consists of three …
India cuts rates for first time in nearly 5 years to boost growth as inflation eases Read More »
BANGKOK (Reuters) – Thailand is targeting economic growth of 3.5% this year, supported by tourism, foreign investment and government stimulus, a deputy finance minister said on Friday. “We are not satisfied with 3.0% growth … if we build efficiency and close the gaps, our target is 3.5%. We can take it there,” Julapun Amornvivat told …
Thailand aims for 3.5% GDP growth in 2025, official says Read More »
HONG KONG (Reuters) – Hong Kong said on Friday it would file a complaint with the World Trade Organisation (WTO) on a U.S. decision to impose 10% tariffs on goods from the Asian financial hub as U.S. President Donald Trump targets Chinese imports. (Reporting by Farah Master and Jessie Pang in Hong Kong; Editing by …
Hong Kong to complain to WTO on U.S. tariff decision Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Singaporean banks are set to report stronger profits for the fourth quarter, but growth could take a hit this year as U.S. President Donald Trump’s trade tariffs and other policies threaten to undermine the global economy, analysts say. Singaporean banks, Southeast Asia’s largest by assets, are forecast to post …
Singapore banks to post higher Q4 profit, but Trump tariffs could hurt 2025 growth Read More »
TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) posted on Friday an investment gain of 10.7 trillion yen ($70.6 billion) in the October-December quarter, marking a recovery from a loss of 9.13 trillion yen in the preceding quarter. The GPIF is one of the world’s largest pension funds and had total assets of 258.7 trillion …
Japan’s GPIF posts $70.6 billion investment gain in Q3 Read More »
By Anton Bridge TOKYO (Reuters) – Real estate private equity firm Gaw Capital and Singapore-based investor Patience Capital Group have completed the acquisition of Tokyu Plaza Ginza, a prime mall in central Tokyo, in a deal worth more than $1 billion, Gaw’s Japan head said on Friday. The Hong Kong-based investor said it had formed …
Hong Kong’s Gaw Capital buys iconic Tokyo mall for over $1 billion Read More »
By Devjyot Ghoshal and Chayut Setboonsarng BANGKOK (Reuters) – Thailand aims to have an initial draft of a strategic plan for its semiconductor sector ready in the next 90 days, keen to attract fresh investment amid U.S. President Donald Trump’s renewed trade war with China. The country’s national semiconductor board will be hiring a consultancy …
Thailand lobbies for chip investments as Trump’s trade war with China kicks off Read More »
(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year. The Monetary Policy Committee, which consists of three RBI …
India’s central bank cuts repo rate for first time in nearly 5 years Read More »
(Reuters) -Malaysia’s IHH Healthcare may be entitled to damages of up to $1.25 billion from Japan’s Daiichi Sankyo for blocking its bid for control of Indian hospital operator Fortis, according to a report authorised by its unit. Northern TK Venture (NTK), a subsidiary of IHH Healthcare, has submitted an expert report by Osborne Partners to …
IHH Healthcare’s damages against Daiichi could reach $1.25 billion, expert report says Read More »
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy probably expanded in the final three months of 2024 marking a third quarter of consecutive growth, a Reuters poll showed, as strong business investment outweighed anaemic consumption. The Bank of Japan raised short-term interest rates last month to their highest in 17 years, and growth momentum in …
Japan Q4 GDP seen growing despite weak consumption – Reuters poll Read More »
