SEOUL (Reuters) – South Korea’s jobless rate rose to a near two-year high in December, official data showed on Wednesday. The country’s unemployment rate stood at 3.3% on a seasonally adjusted basis, higher than 2.8% in November and the highest since January 2022, according to Statistics Korea. For the year 2023, South Korea’s annual unemployment …
South Korea jobless rate climbs to near 2-year high in December Read More »
TOKYO (Reuters) – Japan’s government is considering doubling budget reserves to 1 trillion yen ($6.9 billion) for the new fiscal year starting April to cover the cost of earthquake reconstruction, the Asahi newspaper reported late on Tuesday citing several government sources. Prime Minister Fumio Kishida’s cabinet is expected to approve the plan as early as …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Australian inflation tops the Asian-Pacific economic calendar on Wednesday with the latest Chinese lending figures potentially due for release too, as investors also grapple with mixed news from the Asian tech sector. Wall Street’s lackluster performance on Tuesday is unlikely to …
Marketmind- Aussie, Chinese data eyed as investors seek tech tonic Read More »
By Aditi Shah NEW DELHI (Reuters) -Renault wants India to adhere to its regulatory roadmaps after the French automaker incurred unnecessary engineering costs following New Delhi’s decision to not implement a proposal mandating six airbags in cars, the company’s country head said. Â Â Â Renault has less than a 2% share of India’s thriving auto market …
Renault seeks regulatory discipline in India as it plans new investments Read More »
BENGALURU (Reuters) – The CEO of an Indian AI startup has been arrested on suspicion that she murdered her four-year-old son after his body was found in her luggage, police said on Tuesday. Suchana Seth, who heads The Mindful AI Lab in India’s tech hub of Bengaluru, was detained in the Chitradurga district of Karnataka …
Indian AI startup CEO arrested after body of 4-year-old son found in luggage Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices held steady on Tuesday as investors remained cautious ahead of U.S. inflation data due later in the week, which could provide more insights into the Federal Reserve’s policy path. Spot gold was steady at $2,028.29 per ounce as of 12:53 p.m. ET (1753 GMT), after hitting its …
Gold steady as the market eyes U.S. inflation data Read More »
MANILA (Reuters) -More than six million Catholic devotees in the Philippines turned up for this year’s procession to honour the Black Nazarene, turning the streets of the capital into a sea of maroon and yellow, in a grand display of religious devotion. The centuries-old tradition of paying homage to the black wooden statue of Jesus …
Millions of Filipino Catholics join Black Nazarene procession Read More »
By Kashish Tandon BENGALURU (Reuters) -India’s Zee Entertainment said on Tuesday it was committed to its merger with Sony’s local arm, after media reports said the Japanese firm was planning to scrap the $10 billion deal. Zee said reports of the deal falling through were “baseless and factually incorrect,” and that it continues to work …
Zee says committed to $10 billion merger with Sony India Read More »
AHMEDABAD, India (Reuters) – Dutch and Singapore firms are set to commit $7.19 billion in investments in India during a investors’ summit in Prime Minister Narendra Modi’s home state of Gujarat, months before a national election. Modi will address thousands of investors on Wednesday at the start of the three-day Vibrant Gujarat Global Summit where …
Dutch, Singapore firms set to invest $7 billion in India Read More »
By Julian Luk LONDON (Reuters) – Oversupply weighing on near-term prices of copper on the London Metal Exchange (LME) has created record discounts against longer-dated contracts and an opportunity for Asian buyers to purchase the metal cheaply, traders said. The discount, or contango, for the cash copper over the benchmark three-month contract on the LME …
Asian buyers profit from record discounts for near-term LME copper Read More »
