MUMBAI (Reuters) – India’s central bank said on Friday it will raise the limit for collateral-free agriculture loans to 200,000 rupees ($2,364.15) in a bid to enhance access to formal credit for small and marginal farmers in the country. Banks were required to extend collateral-free agriculture loans up to 160,000 rupees per borrower. The decision …
Inflation prompts India cenbank to raise agri loan limit Read More »
ZURICH (Reuters) – Holcim will list shares in its North American business on the SIX Swiss stock exchange in addition to the planned New York flotation when it is spun off to shareholders next year, the Swiss building materials maker said on Friday. Holcim announced in January it was spinning off 100% of its North …
Holcim plans for US spin-off to have Swiss listing too Read More »
By Yantoultra Ngui SINGAPORE – Singapore’s state investment company Temasek said on Friday that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion ($7.5 billion), consisting of direct investments and credit funds. Institutional global investors in recent years have been ramping up activity in the booming private …
Singapore’s Temasek unveils $7.5 billion private credit entity Read More »
By Cynthia Kim and Yena Park SEOUL (Reuters) – Minutes after South Korean President Yoon Suk Yeol declared martial law on Tuesday night, plunging the country into its worst crisis in decades, his stunned finance minister knew his priorities: throw everything at defending the currency. By around 11 p.m., Choi Sang-mok, who was among the …
Analysis-In South Korea’s crisis playbook, currency stability is paramount Read More »
A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors’ nerves as they awaited a crucial U.S. nonfarm payrolls report that could alter the odds of a Federal Reserve rate cut this month. …
Morning Bid: Risk-wary markets count down to payrolls Read More »
TOKYO (Reuters) – The Japanese economy likely expanded in the third quarter at the same moderate pace as initially reported, a Reuters poll showed, but a bump in private consumption may be temporary and could cast doubt about policymakers’ view on the outlook for growth. Cabinet Office data is expected to show gross domestic product …
By Joey Roulette WASHINGTON (Reuters) -NASA Administrator Bill Nelson announced on Thursday new delays in the U.S. space agency’s Artemis program to return astronauts to the moon for the first time since 1972, pushing back the next two planned missions amid potential policy changes under President-elect Donald Trump’s administration. Nelson told a news conference at …
NASA announces further delays in Artemis moon missions Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) has decided to cut banks’ cash reserve ratio by 50 basis points to 4%, Governor Shaktikanta Das said in his monetary policy address on Friday. The cash reserve ratio, or CRR, is the proportion of deposits that banks need to set aside as cash. The cut …
India cenbank cuts banks’ cash reserve ratio to ease liquidity conditions Read More »
BANGKOK (Reuters) – Four Thai fishermen detained by Myanmar have been released and are expected to return home soon, Thailand’s foreign ministry said on Friday, following an incident last weekend when Myanmar’s navy fired on a group of Thai fishing vessels. One fisherman drowned and two others were injured in the incident, and the Myanmar …
Four Thai fisherman released by Myanmar, Thai foreign ministry says Read More »
ABU DHABI (Reuters) – Growth in the United Arab Emirates’ non-oil private sector activity held steady in November, while improved demand conditions boosted growth in new business, a survey showed on Friday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index edged up to 54.2 in November from 54.1 in October, staying above the 50.0 …
UAE non-oil business activity growth holds steady in November, PMI shows Read More »
