By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. South Korea delivers its latest interest rate decision on Thursday with the main focus being policymakers’ signal as to when the rate-cutting cycle begins, while Japanese stocks continue to ride the crest of an increasingly bullish wave. The latest figures for …
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Wednesday ahead of U.S. inflation data that could shape the Federal Reserve’s outlook on interest rate cuts this year, although a softer dollar kept a floor under prices. Spot gold was down 0.4% at $2,021.39 per ounce by 2:25 p.m. ET (1925 GMT). U.S. gold …
Gold subdued as traders gear up for US inflation print Read More »
By Aditya Kalra and Krishn Kaushik GANDHINAGAR, India (Reuters) – Ukrainian leaders pitched for India to help rebuild its war-ravaged economy on Wednesday at a business summit organised by India primarily to seek inward global investment. Suggesting that Ukraine’s recovery would be “a win-win for Ukraine and international partners,” Kyiv’s deputy economy minister Volodymyr Kuzyo …
Ukraine seeks Indian investments to reconstruct war-hit economy Read More »
By Aditi Shah, Dhwani Pandya and Sumit Khanna GANDHINAGAR, India (Reuters) – India’s Prime Minister Narendra Modi touted his country’s economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which …
India’s Modi woos investors at business summit as firms make spending pledges Read More »
By Arpan Chaturvedi and Mayank Bhardwaj NEW DELHI (Reuters) – An Indian court has effectively quashed a decision that removed PepsiCo Inc’s patent for the potato variety used to make its popular Lay’s potato chips. India’s Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked the intellectual protection for the U.S. snacks …
PepsiCo wins appeal against Indian attempt to remove potato patent Read More »
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Taiwan goes to the polls on Saturday to elect a new president and parliament under the shadow of an increasingly assertive China which has called the vote a choice between “peace and war”. But no matter who wins the elections, Beijing’s military and economic pressure on …
Taiwan to vote in what China calls ‘peace and war’ election Read More »
TOKYO (Reuters) – Japan’s Hokuriku Electric Power on Wednesday reported a second oil leak at its Shika nuclear power station which was shaken by a powerful earthquake on New Year’s Day. External radiation levels were not affected, the company said. The magnitude 7.6 quake, which killed more than 200 people in the Hokuriku region, shook …
Japan’s Hokuriku Elec reports second oil leak from Shika nuclear plant Read More »
MILAN (Reuters) – Italy’s biggest insurer Generali on Wednesday said it would acquire full control of an insurance joint-venture in China after buying the majority stake held by local partner CNPC Capital for around 99 million euros ($108 million). The acquisition follows CNPC Capital’s decision in November to launch a public tender for its 51% …
Generali boosts China presence by acquiring 100% of local JV Read More »
By Joe Cash BEIJING (Reuters) – China’s exports likely grew more quickly and for a second month in December, a Reuters poll showed, adding to signs global trade is starting to recover thanks to an upturn in the electronics industry and expectations of lower borrowing costs in 2024. Outbound shipments from the world’s second-largest economy …
China’s exports seen improving in December as global trade picks up Read More »
By Gopal Sharma KATHMANDU (Reuters) – A court in Nepal sentenced the country’s highest-profile cricketer Sandeep Lamichhane to eight years in jail on Wednesday after he was convicted of raping an 18-year-old woman. His lawyer said he would launch a higher court appeal. Lamichhane, 23, has been the face of cricket in Nepal and the …
Cricket-Nepal’s Lamichhane sentenced to eight years in jail after rape conviction Read More »
