By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm. SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the …
SoftBank books narrower loss after Alibaba stake sell-down Read More »
BEIJING (Reuters) – Australia’s Trade Minister arrived in Beijing On Thursday to meet his Chinese counterpart, as Canberra pushes for the removal of all trade barriers and for diplomatic relations to stabilise. Trade Minister Don Farrell said he would meet Chinese Commerce Minister Wang Wentao in Beijing and “be advocating strongly for the full resumption …
Australia’s trade minister seeks end to trade curbs on visit to Beijing Read More »
GENEVA (Reuters) – The number of internally displaced people (IDPs) reached a record 71.1 million worldwide last year due to conflicts such as the war in Ukraine and climate calamities like the monsoon floods in Pakistan, according to data published on Thursday. The Geneva-based Internal Displacement Monitoring Centre (IDMC) said that figure represented a 20% …
Number of internally displaced people hits record due to war, climate change Read More »
By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India’s income tax department is searching some of Mankind Pharma Ltd’s premises, the condom maker said on Thursday, days after its stellar debut as a public company. The tax officials were conducting a search at some of the premises and plants related to Mankind and some …
Indian tax dept searches Mankind Pharma’s premises Read More »
By Sethuraman N R MUMBAI (Reuters) – The Indian rupee weakened on Thursday, closer to the near two-week lows hit earlier this week, weighed by broad strength in the dollar index. The rupee closed at 82.09 to the U.S. dollar on Thursday, against the previous session’s 81.9850. The dollar index rose 0.46% on Thursday after …
Indian rupee holds near 2-week lows on strengthening US dollar Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed intraday gains and logged losses on Thursday, as a handful of downbeat quarterly earnings reports overshadowed optimism from favourable U.S. inflation data. The Nifty 50 was closed 0.10% lower at 18,297, while the S&P BSE Sensex fell 0.06% to 61,904.52. Eleven of the 13 major sectoral indexes …
Indian shares edge lower as dull earnings offset upbeat US CPI data Read More »
BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from this week’s trade data suggesting domestic demand …
China’s slow consumer inflation, deepening factory gate deflation to test policy Read More »
SYDNEY (Reuters) – Two key Australian Indigenous leaders opposed to a proposal to constitutionally recognise the country’s Aboriginal and Torres Island people joined forces on Thursday in an effort to strengthen their campaign ahead of a referendum later this year. Warren Mundine, a former Labor Party national president who is Indigenous, and a group backed …
Campaigns against Indigenous referendum gather strength in Australia Read More »
SEOUL (Reuters) – South Korean authorities have ordered the culling of several hundred cattle and put in place biosecurity measures after confirming cases of foot and mouth disease in farms in a central province, the ministry of agriculture said. The cases mark the first confirmed outbreak since January 2019, according to media reports. The current …
South Korea to cull cattle after outbreak of foot and mouth disease Read More »
SEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of 1.8%, saying a deeper and longer export slump than previously expected is likely to offset resilient private consumption. The Korea Development Institute’s latest projection compared with the 2.6% that Asia’s …
South Korea think tank cuts 2023 growth forecast due to poor exports Read More »
