By Joyce Lee SEOUL (Reuters) – The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee plan to sell shares in the tech giant in a block deal seen worth about 2.19 trillion won ($1.66 billion), South Korean newspapers reported on Wednesday. The sale of about 29.8 million shares will be at a …
Samsung Elec family shares block sale seen at $1.66 billion -reports Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s Nifty 50 and Sensex rose on Wednesday, led by gains in IT companies ahead of quarterly results and boosted by a jump in some Adani group stocks on the conglomerate’s plan for a $24 billion investment. The blue-chip NSE Nifty 50 gained 0.34% to 21,618.70 points, while the S&P …
Indian shares rise on boost from IT, Adani group stocks Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee recouped early losses to end higher for a sixth consecutive session on likely foreign inflows. The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session. The local unit opened lower and …
Rupee extends rising streak into sixth day on dollar inflows Read More »
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – Volkswagen Group and Toyota Motor saw their share of the world’s largest auto market shrink last year, industry data showed on Wednesday, as legacy international automakers ceded ground to Chinese rivals. VW’s two joint ventures in China with FAW and SAIC took a combined 14.2% share …
VW, Toyota saw China market share shrink in 2023: industry association Read More »
HANOI (Reuters) – The chairwoman of Vietnam real estate developer Van Thinh Phat Holdings Group will go on trial in March over accusations of embezzlement, state media reported on Wednesday, in the country’s most high-value fraud case on record. Truong My Lan and dozens of accomplices were accused of siphoning off 304 trillion dong ($12.46 …
Vietnam real estate tycoon to face trial in March in $12 billion fraud case – media Read More »
KUALA LUMPUR (Reuters) – Malaysia is set to make a decision this month on jailed former prime minister Najib Razak’s application for a royal pardon, broadcaster Channel News Asia said on Wednesday. The former premier is serving a 12-year jail term for graft linked to state fund 1Malaysia Development Berhad (1MDB), from which U.S. and …
Malaysia set to decide on royal pardon for jailed former PM Najib -media Read More »
MANILA (Reuters) -The leaders of the Philippines and Indonesia met in Manila on Wednesday to discuss developments in the South China Sea and efforts to build closer ties among Southeast Asian nations, among a range of issues. The meeting comes after Indonesian Foreign Minister Retno Marsudi said on Tuesday her country was ready to work …
Leaders of Philippines, Indonesia hold talks on S.China Sea, ASEAN bloc Read More »
By Neha Arora NEW DELHI (Reuters) – India’s federal Ministry of Steel has no immediate plans to seek higher taxes on imported steel even though the country has become a net importer of the alloy due to rising shipments from overseas, particularly China, a senior government source said. Â Â Â India’s top steel producers have asked …
India’s steel ministry not seeking higher import taxes -govt source Read More »
TAIPEI/BEIJING (Reuters) -Taiwan’s de facto ambassador to the United States met on Tuesday with U.S. House of Representatives Speaker Mike Johnson, Taiwan’s foreign ministry said on Wednesday, drawing a stern rebuke from Beijing. The United States is Taiwan’s most important international backer and arms supplier despite the lack of formal diplomatic ties with the island, …
Taiwan’s de facto ambassador to US meets US House speaker, China angered Read More »
By Aditi Shah and Dhwani Pandya GANDHINAGAR, India (Reuters) -India’s top carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to build a second car plant in Gujarat state and will add a new production line at an existing plant, the president of its parent company said. The investments will see the company’s annual …
India’s Maruti Suzuki to invest $4 billion in second Gujarat car plant Read More »
