Reuters Asia

Indian rupee ends lower as investors cover dollar shorts ahead of key rate meetings

By Sethuraman N R MUMBAI (Reuters) – The Indian rupee ended lower on Tuesday as investors squared off their short dollar positions ahead of key rate decisions by the U.S. Federal Reserve and European Central Bank later this week. The rupee, which resumed trading following an extended weekend, closed at 81.88 per U.S. dollar against …

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Earnings, FII buying boost Indian shares ahead of Fed rate decision

By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares advanced on Tuesday, aided by broader gains across sectors on March-quarter earnings and foreign fund inflows, ahead of the U.S. Federal Reserve’s interest rate decision on Wednesday. The benchmark Nifty 50 closed 0.46% higher at 18,147.65, while the S&P BSE Sensex gained 0.40% at 61,354.71. The gains …

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Japan scrambles jet after spotting suspected Chinese drone – ministry

(Reuters) – Japan’s defence ministry said on Tuesday it scrambled a jet fighter after spotting a suspected Chinese drone between the Japanese island of Yonaguni and Taiwan. The drone flew towards Bashi Channel that separates Taiwan from the Philippines, the ministry said in a statement. (Reporting by Eimi Yamamitsu; Editing by Andrew Heavens)

Australian police searched pilot’s home for China fighter jet records

By Kirsty Needham SYDNEY (Reuters) – Australian police searched the home of a British former test pilot for documents related to China’s J-16 strike fighter, Australia’s intelligence partners, and China’s biggest aviation company, a court judgment shows. The search in November was part of an investigation into Western military pilots training China’s military at a …

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Britain’s Cleverly expects to meet Chinese vice president this week

By Sachin Ravikumar LONDON (Reuters) -British Foreign Secretary James Cleverly expects to meet China’s Vice President Han Zheng when foreign leaders visit London for King Charles’s coronation, a rare meeting between senior government officials during a low point in UK-China relations. “I suspect that I will,” Cleverly told BBC Radio on Tuesday when asked if …

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Australia to pay soldiers bonus to stay as strategic risks rise

SYDNEY (Reuters) – Australia said on Tuesday it will pay military personnel A$50,000 ($33,165) to stay beyond an initial service period, days after a review found its defence posture was “not fit for purpose” amid rising competition between the United States and China. Defence Minister Richard Marles said the number of defence personnel was 3,400 …

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IMF raises Asia’s economic forecast on China recovery, warns of risks

By Leika Kihara (Reuters) – The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China’s economy will be pivotal for the region with the spillover to Asia seen focused …

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