Updated

Bank of Korea’s dovish board member says time to discuss adjusting policy -minutes

14 Dec 2021

By Cynthia Kim SEOUL (Reuters) -Most of the Bank of Korea’s board members expressed concern about growing price pressures and even the most dovish member said it was time to discuss tightening policies, minutes from the central bank’s November meeting showed on Tuesday. The central bank is already in a policy tightening cycle and the …

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India’s Serum plans to launch Novavax shot for children in six months

14 Dec 2021

NEW DELHI (Reuters) -The Serum Institute of India (SII) plans to launch the Novavax COVID-19 vaccine for children in the country in six months, its CEO said on Tuesday, adding global vaccine supplies were outstripping the absorption capacity of many countries. The Novavax shot, which the world’s largest producer of vaccines calls Covovax, has shown …

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U.S. House panel recommends contempt charge for ex-Trump aide Meadows

14 Dec 2021

By Patricia Zengerle WASHINGTON (Reuters) -The U.S. congressional committee probing the deadly Jan. 6 assault on the Capitol voted unanimously on Monday to seek “contempt of Congress” charges against Mark Meadows, who served as White House chief of staff to former President Donald Trump. The seven Democratic and two Republican members of the House of …

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World Bank keeps Thai growth outlook at 1% this year, sees better 2022

14 Dec 2021

By Orathai Sriring BANGKOK (Reuters) – Thailand’s economy is still expected to grow 1% this year due to the impact of a coronavirus outbreak, but growth is expected to accelerate to 3.9% next year, driven by a recovery in service sector activity, the World Bank said on Tuesday. Southeast Asia’s second-biggest economy shrank 6.1% last …

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India’s Aditya Birla Fashion to buy exclusive rights to Reebok in India

14 Dec 2021

BENGALURU (Reuters) – India’s Aditya Birla Fashion and Retail Ltd (ABFRL) said on Tuesday it would buy exclusive rights to sell global sportswear brand Reebok’s products both online and offline in the Indian market. Shares of ABFRL jumped 4.6% to 279 rupees after the announcement. The deal will be effective once the global ownership of …

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Weibo fined by Chinese regulator for publishing illegal information

14 Dec 2021

SHANGHAI (Reuters) – Chinese social media platform Weibo Corp has been slapped with a 3 million yuan ($470,000) fine by China’s internet regulator for repeatedly publishing illegal information. The Cyberspace Administration of China (CAC) said Weibo had violated a cybersecurity law on the protection of minors as well as other laws but did not give …

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Kentucky tornado death toll reaches 74, but only 8 at candle factory

14 Dec 2021

By Gabriella Borter MAYFIELD, Ky. (Reuters) -The barrage of tornadoes that tore through six states killed at least 74 people in Kentucky, officials said on Monday, as those fortunate enough to survive unscathed opened their doors to victims whose homes were destroyed, and hundreds of the suddenly homeless took refuge in shelters. The death toll …

Kentucky tornado death toll reaches 74, but only 8 at candle factory Read More »

Kentucky tornado death toll reaches 74, but only 8 at candle factory

14 Dec 2021

By Gabriella Borter MAYFIELD, Ky. (Reuters) – The barrage of tornadoes that tore through six states killed at least 74 people in Kentucky, officials said on Monday, as those fortunate enough to survive unscathed opened their doors to victims whose homes were destroyed, and hundreds of the suddenly homeless took refuge in shelters. The death …

Kentucky tornado death toll reaches 74, but only 8 at candle factory Read More »

Biden approves federal assistance for Tennessee – White House

14 Dec 2021

(Reuters) – U.S. President Joe Biden on Monday approved federal assistance for Tennessee and ordered that state and local response efforts be supplemented after a swarm of tornadoes struck the region on Friday. The tornadoes struck through six states, including Tennessee where it killed four people, while Kentucky bore the brunt of the storm with …

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FWD Group raises $1.4 billion ahead of IPO; sources say IPO in Hong Kong

14 Dec 2021

By Scott Murdoch HONG KONG (Reuters) -Asia-focused insurer FWD Group has raised $1.4 billion via a private placement of shares, according to a company statement on Tuesday, ahead of its long-planned initial public offering (IPO) which two sources said will now be carried out in Hong Kong. A decision to shift to Hong Kong was …

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