Reuters Asia Top

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) -India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters. “We hereby confirm our strong support for Sri Lanka’s prospective (loan) …

India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF Read More »

By Jibran Ahmad PESHAWAR, Pakistan (Reuters) – Seeking to force Pakistan to hold an early national election, the opposition party led by former prime minister Imran Khan dissolved its provincial government in Khyber Pakhtunkhwa on Wednesday, three days after doing the same in Punjab province. Under the rules, fresh polls for the two provincial assemblies …

Ex-PM Khan pushes for early Pakistan election by dissolving second provincial govt Read More »

By Sarah Wu TAIPEI (Reuters) – Taiwan Vice President William Lai pledged on Wednesday to maintain the peaceful status quo with China but also to defend Taiwan, as he took the helm at the ruling party ahead of an expected presidential run. Lai was elected the Democratic Progressive Party’s (DPP) new chairman on Sunday, after …

Taiwan presidential contender says he wants peace with China Read More »

By Karen Lema MANILA (Reuters) – Philippine Nobel laureate Maria Ressa and her news site Rappler were acquitted by a court of tax evasion charges on Wednesday, in a ruling that media watchdogs and human rights groups described as a win for press freedom and rule of law. Ressa, who was awarded the Nobel Peace …

Nobel laureate Ressa cleared in Philippine tax case, cheers win for justice Read More »

TAIPEI (Reuters) – Taiwan’s trade-dependent economy unexpectedly contracted in the fourth quarter, putting in its worst performance in 13 years, hit by a drop in exports on slowing global tech demand and COVID-related chaos in its largest market China. For the October-December period, annual gross domestic product (GDP) contracted by 0.86% from the same period …

Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years Read More »

By Kevin Buckland TOKYO (Reuters) – Japanese government bond yields tumbled, falling the most in two decades at one point on Wednesday, retreating sharply from the central bank’s 0.5% ceiling after policymakers decided to keep yield curve controls in place. The 10-year yield plunged as much as 14 basis points to 0.36% at its lowest …

Japan yields tumble to well below policy cap as BOJ stands pat Read More »