JAKARTA (Reuters) – Indonesia has assigned its state food procurement firms Bulog and IDFood to procure 120,000 metric tons of meat from Brazil and India this year, the National Food Agency (NFA) said on Thursday. Bulog was alloted an import quota of 100,000 tons of water buffalo meat from India while IDFood was assigned to …
Indonesia to import meat from Brazil and India in 2024 Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee, on Thursday, will be looking to build on recent momentum in the lead-up to U.S. inflation data that will hold cues on when the Federal Reserve will kick off rate cuts. Non-deliverable forwards indicate the rupee will have a flat to slightly higher opening, compared with …
Rupee looks to keep momentum heading into US inflation data Read More »
BENGALURU (Reuters) – India’s benchmark Nifty 50 index is set to open higher on Thursday, tracking a rebound in Asian peers, with investors awaiting quarterly results and a key U.S. inflation reading for cues on interest rates. India’s GIFT Nifty was trading at 21,730 as of 8:00 a.m. IST, suggesting the NSE Nifty 50 will …
India’s Nifty 50 set to open higher tracking Asian peers Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – The Asian Development Bank (ADB) sees no immediate need to boost its capital base, thanks to years of efforts to streamline operations and boost lending capacity in response to the challenges posed by the COVID pandemic, a senior official said. Multilateral development banks can expand their lending capacity through …
Asian Development Bank sees ample room to boost lending to deal with crises Read More »
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank on Thursday hinted it may pivot towards monetary easing along with its global peers, sending bond futures up after a widely-expected decision to keep its policy interest rate unchanged for an eighth meeting. The Bank of Korea (BOK) held its benchmark rate …
Bank of Korea hints at pivot towards policy easing after standing pat Read More »
(Reuters) – Myanmar’s junta chief Min Aung Hlaing met with a special envoy from the Association of Southeast Asian Nations (ASEAN), state media reported on Thursday as Laos takes over chairing the bloc, which has encouraged peace efforts in the country. The military ruler met Alounkeo Kittikhoun, special envoy of the ASEAN chair on Myanmar, …
(Reuters) – Singapore’s Novo Tellus Alpha Acquisition said on Thursday it would not be able to conclude a mandatory business combination ahead of a Jan. 26 deadline. “After careful consideration and thorough evaluation of potential targets, and taking into consideration current market conditions, the company’s leadership and board of directors have determined that it will …
Singapore’s Novo Tellus Alpha Acquisition to miss buyout deadline Read More »
KUALA LUMPUR (Reuters) – Malaysia’s anti-graft investigators have questioned former prime minister Ismail Sabri Yaakob as part of a probe into possible misconduct involving some 700 million ringgit ($150.86 million) spent on government publicity during a previous administration. In a statement late Wednesday, the Malaysian Anti Corruption Commission (MACC) said it had recorded a statement …
By Stephen Nellis (Reuters) – Hewlett Packard Enterprise (HPE) Chief Executive Antonio Neri told Reuters he does not foresee any major regulatory risks in China for his firm’s $14 billion bid to acquire Juniper Networks. HPE on Tuesday offered to buy the networking firm, which makes custom networking chips and gear that can be used …
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea’s credit market is showing signs of stability less than two weeks after officials pledged to expand a $66 billion program if needed to limit the fallout from a builder’s debt woes, analysts said, but added that it was still early days. An announcement by Taeyoung …
South Korea credit market resilient to builder’s debt woes, so far Read More »
