Reuters Asia

Analysis-Billionaire Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) – Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge U.S. beverage giants PepsiCo and Coca-Cola in a key market. Controlled by billionaire Mukesh Ambani, Reliance this month …

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Russian support for Myanmar junta ‘destabilising’ Southeast Asia – U.S envoy

By Poppy McPherson BANGKOK (Reuters) -Russia’s backing for Myanmar’s military rulers is unacceptable and destabilising, with its supply of weapons helping to fuel a conflict that has become a catastrophe for the country, a top U.S. official said on Thursday. The United States is concerned about the wider impact of the escalating crisis in Myanmar …

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U.S. due diligence firm Mintz Group says Beijing office raided, staff detained

By Michael Martina WASHINGTON (Reuters) -U.S. corporate due diligence firm Mintz Group said on Thursday its Beijing office was raided by authorities and that five Chinese staff have been detained. “We can confirm that Chinese authorities have detained the five staff in Mintz Group’s Beijing office, all of them Chinese nationals, and have closed our …

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Indian shares set to open lower as IT concerns weigh on sentiment

BENGALURU (Reuters) – Indian shares were set to open lower on Friday, as investor sentiment turned cautious after Accenture cut its revenue forecast and about 2.5% of its workforce, signalling a grim near-term outlook for the information technology sector alongside the global banking concerns. India’s NSE stock futures listed on the Singapore exchange were down …

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U.S. House panel on China highlights abuse of Uyghurs in second hearing

By Michael Martina WASHINGTON (Reuters) -A new U.S. congressional committee on China held its second hearing on Thursday, highlighting what Washington says is an ongoing genocide against Uyghurs and other ethnic minorities in China’s Xinjiang region. Rights groups accuse Beijing of abuses, including forced labor, mass surveillance and having placed 1 million or more Uyghurs …

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Huawei makes breakthrough in design tools for 14nm chips – media

SHENZHEN, China – Huawei Technologies Co Ltd has made breakthroughs in electronic design automation (EDA) tools for chips employing 14 nanometres-plus technology, Caijing financial news magazine reported on Friday, citing a Feb. 28 speech by a senior Huawei executive. (Reporting by David Kirton; Editing by Christopher Cushing)

Payments firm Block’s Australian shares slump after Hindenburg report

By Navya Mittal (Reuters) – Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal …

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Philippines, China say need to work together over maritime issues

MANILA (Reuters) – Maritime issues between the Philippines and China play an important part in relations between the countries, senior officials from the countries said on Friday, as both sides pledged to work together to resolve differences. Tensions between the neighbours have recently flared up over what Manila described as “aggressive activities” by China in …

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