Reuters Asia

India says banking system sheltered from wider sector turmoil

By Shivangi Acharya NEW DELHI (Reuters) -India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which is chaired by the finance …

India says banking system sheltered from wider sector turmoil Read More »

China’s Wang Yi: China and UK should focus on cooperation

HONG KONG (Reuters) – China and Britain should focus on cooperation and promote the “correct” direction of bilateral relations, Chinese top diplomat Wang Yi said on Monday. Both nations should eliminate “interference” and maintain the momentum of engaging with each other, China’s foreign ministry said in a statement on Wang’s phone call with Tim Barrow, …

China’s Wang Yi: China and UK should focus on cooperation Read More »

Indian airline Go First seeks urgent bankruptcy protection, lessors step up pressure

By Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) -Go Airlines on Monday called on India’s company law tribunal to urgently grant its request for bankruptcy protection, as more lessors sought to repossess planes and the country’s aviation regulator told the carrier to stop selling new tickets. The airline, widely known as Go First, filed …

Indian airline Go First seeks urgent bankruptcy protection, lessors step up pressure Read More »

China probes Capvision in national security warning to consulting firms

HONG KONG (Reuters) -Chinese authorities have carried out an investigation into consulting firm Capvision Partners, state media CCTV reported on Monday, in a warning to other advisory firms as the country tightens its national security laws. Capvision, which runs the country’s largest expert network group and has offices in eight cities around the world including …

China probes Capvision in national security warning to consulting firms Read More »

India’s Pidilite posts rise in Q4 profit on easing costs, strong demand

BENGALURU (Reuters) – India’s Pidilite Industries Ltd, maker of adhesive brand Fevicol, on Monday reported a rise in fourth-quarter profit, helped by easing raw material costs and strong demand. The company’s consolidated net profit rose 11.3% to 2.83 billion rupees ($34.6 million) for the quarter ended March 31, it said in an exchange filing. Consolidated …

India’s Pidilite posts rise in Q4 profit on easing costs, strong demand Read More »

Emerging markets draw net inflows in April; China sees outflows

NEW YORK (Reuters) – Foreign investors funnelled nearly $10 billion into emerging market portfolios in April, with Asia taking the lion’s share despite net outflows from China, data from the Institute of International Finance shows. Net inflows have now extended to four consecutive months, the longest streak in over a year, although volumes are much …

Emerging markets draw net inflows in April; China sees outflows Read More »

Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources

By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the …

Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources Read More »