By Shivam Patel NEW DELHI (Reuters) – Mithilesh Chaudhary, 21, coughs weakly as he struggles to his feet after spending the night outside the state-run All India Institute of Medical Sciences (AIIMS) in New Delhi. “We have been sleeping on the footpath for two nights,” said his grandfather Bhim Lal, as the two waited in …
India builds more hospitals as population surges but doctors in short supply Read More »
NEW DELHI (Reuters) – The Indian government has expanded the scope of its money laundering law to also include individuals representing a company or acting as a director, according to a notification. The amendment comes a week after the government brought in chartered accountants, company secretaries, and cost and work accountants under its fold, requiring …
Indian govt further expands scope of money laundering law Read More »
By Joe Cash BEIJING (Reuters) -China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by …
China’s shrinking imports, slower exports growth heap pressure on economy Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday the central bank will end its yield curve control policy and then start shrinking its balance sheet, once prospects heighten for inflation to sustainably hit its 2% target. Speaking in parliament, Ueda said Japan’s economy was picking up and inflation …
BOJ’s Ueda says yield control will end when price goal achievement foreseen Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline slightly on Tuesday, bogged down by the rise in U.S. yields before the key U.S. consumer inflation data. Non-deliverable forwards indicate the rupee will open at around 81.82 to the U.S. dollar, down slightly from 81.7950 in the previous session. With U.S. …
Rupee may struggle on rise in US yields, weak Asian peers Read More »
By Kevin Buckland TOKYO (Reuters) – An index of Asian stocks eased back from more than two-week highs on Tuesday as traders squared positions heading into a key U.S. inflation report, although mainland Chinese shares and Japanese equities bucked the trend. The dollar ticked higher against major peers as U.S. yields remained elevated amid increased …
Asian stocks edge lower, dollar firm as US inflation data looms Read More »
TOKYO (Reuters) -Japanese and South Korean defence authorities are set to agree early next month to link their radars via a U.S. system to share real-time information on North Korea’s ballistic missiles, a person with knowledge of the matter said on Tuesday. Defence ministers from Japan, South Korea and the United States plan to reach …
Japan, South Korea to link radar systems to track N.Korea missiles -source Read More »
BEIJING (Reuters) – The European Union ambassador to China said on Tuesday he was not sure that the opening up of the Chinese economy is compatible with its counter-espionage law.    “This is not good news,” Jorge Toledo Albinana said in response to a question about China’s counter-espionage law and consultancy crackdown in Beijing. (Reporting …
EU ambassador to China says China’s anti-espionage law ‘not good news’ Read More »
By Stephen Nellis (Reuters) – LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins …
LinkedIn cuts over 700 jobs, phases out China app as demand wavers Read More »
By Deep Kaushik Vakil (Reuters) – Gold edged higher on Monday, regaining some ground after a retreat in the previous session and ahead of inflation data this week that could provide clues on the outlook for U.S. interest rates. Spot gold rose 0.2% to $2,021.37 per ounce by 3:15 p.m. ET (1915 GMT). U.S. gold futures …
