NEW DELHI (Reuters) – Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to control it, Indian Finance Minister Nirmala Sitharaman said on Saturday. “Because we took a very calibrated approach, today we have an inflation which is slightly above the tolerance limit, but which is constantly being worked …
India working to rein in inflation- finance minister Read More »
SYDNEY (Reuters) – Thousands of people rallied on Saturday against a future nuclear-powered submarine base at Port Kembla in eastern Australia as part of the A$368 billion ($244.1 billion) AUKUS defence pact with the United States and Britain. The second-largest coal export port in New South Wales state is the Defence Department’s preferred site for …
Thousands rally in Australia against potential submarine base Read More »
By Jessie Pang HONG KONG (Reuters) -Hong Kong police seized an exhibit on Friday in connection with what they said was an attempt to incite subversion, with media reporting it was a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Media reported the exhibit was the Pillar of Shame, an eight-metre (8.75 …
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SHENZHEN, China (Reuters) – The first full return of China’s biggest trade show saw a drop in the value of signed export orders compared to pre-pandemic levels, though the figure still managed to exceed expectations, its organisers said. Offline export deals signed at the Canton Fair came to $21.69 billion, organisers said on Friday, down …
Export orders down at first full post-pandemic Canton Fair Read More »
SYDNEY (Reuters) – A decision not to light up the sails of the Sydney Opera House to mark the coronation of King Charles was a cost saving measure, a spokesperson for the state government of New South Wales said on Saturday. Across Australia, where King Charles is head of state, the role of the monarchy …
Australia’s Sydney Opera House won’t light up for coronation to save costs Read More »
(Reuters) – MSCI will lower the free float of two of India’s Adani Group companies, Adani Total Gas and Adani Transmission in its May index review, the financial index provider said on Friday. MSCI now sees the Adani Total Gas’ free float at 14% and Adani Transmission at 10%, from 25%. Free float is defined …
Paraguay’s president-elect, Santiago Pena, said on Friday that he would continue to strengthen his country’s “historic ties” with Taiwan following a call with his counterpart there after winning Sunday’s election. The countries’ diplomatic relations of more than six decades had been in the spotlight before Sunday’s election, with opposition candidate Efrain Alegre telling Reuters he …
Paraguay president-elect commits to ‘strengthen’ ties with Taiwan Read More »
SHANGHAI (Reuters) – China’s industry ministry issued on Friday a series of draft technical standards including cybersecurity requirements for vehicles, with the country moving to tighten data regulation as cars become more intelligent. Among the proposed rules, the Ministry of Industry and Information Technology plans to ban smart vehicles in China from transferring data directly …
China’s industry ministry issues draft data standards for smart vehicles Read More »
By Mike Stone WASHINGTON (Reuters) – U.S. President Joe Biden’s administration plans to send $500 million worth of weapons aid to Taiwan using the same emergency authority that has been used more than 35 times for Ukraine, a source familiar with the plan said on Friday. As a part of the 2023 budget, Congress authorized …
U.S. moving ahead with $500 million in arms aid for Taiwan, source says Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator will direct brokers and mutual funds to limit the use of financial influencers in advertising and marketing campaigns, according to two people with direct knowledge of the matter. A surge in retail investors in equity markets during the COVID-19 pandemic led to a proliferation of …
India regulator to tell brokers, funds to limit use of financial influencers -sources Read More »
