By Ankur Banerjee (Reuters) – Alibaba Group’s plans for a major revamp have been taken as a signal that Beijing’s regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence in prospects for Chinese tech firms. The Jack Ma-founded conglomerate said on Tuesday it was planning to split into six units …
Alibaba’s breakup lifts hopes China’s regulatory winter is thawing Read More »
SEOUL (Reuters) -A top security adviser for South Korean President Yoon Suk Yeol said on Wednesday he had offered to step down. His resignation comes ahead of Yoon’s summit with U.S. President Joe Biden next month. Media reports said earlier National Security Adviser Kim Sung-han could be replaced over planning issues related to Yoon’s visit …
Top security aide for S.Korea’s Yoon offers to resign Read More »
By Minh Nguyen CAO LANH CITY, Vietnam (Reuters) – On her trusty motorcycle, Vietnamese artist Dang Ai Viet travels around the Southeast Asian country in a quest to ensure that the thousands of women who suffered the loss of two or more loved ones during the Vietnam War are not forgotten. The 75-year-old has painted …
Vietnam artist in race to ensure ‘heroic mothers’ not forgotten Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks stemming from a global slowdown and persistent inflation. The Southeast Asian country’s economy has bounced back strongly from a pandemic slump, expanding at …
Malaysia central bank maintains 2023 growth forecast amid global slowdown Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday the central bank will make a comprehensive assessment of various data, including developments in trend inflation, in guiding monetary policy. Markets are rife with speculation the BOJ could tweak or end its bond yield control …
BOJ’s new deputy governor says will examine data thoroughly in guiding policy Read More »
HANOI (Reuters) – Vietnam’s economic growth in the first quarter slowed to 3.32% from an expansion of 5.05% in the same period last year, government data released on Wednesday showed, as its exports fell sharply. The Southeast Asian country, a regional manufacturing hub, reported a 11.9% year-on-year fall in its exports in the January-March period …
Vietnam Q1 GDP growth slows as weak demand hits exports Read More »
By Madhumita Gokhale BENGALURU (Reuters) – The Reserve Bank of India will raise its main interest rate by 25 basis points on April 6 and then pause for the rest of the year, according to a Reuters poll of economists who said the central bank would still maintain its tightening stance. Inflation in Asia’s third-largest …
RBI to raise rates once more on April 6 but leave door open for more – Reuters Poll Read More »
(Reuters) – Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic and which could include the building of processing facilities, Russia’s Interfax agency reported on Wednesday. Alexei Chekunkov, Russia’s minister for the development of the Far East and the Arctic, is visiting India and …
Russia in talks with India to develop Northern Sea shipping route -Interfax Read More »
By Josh Horwitz SHANGHAI (Reuters) – Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. The U.S.-listed shares of the Chinese e-commerce conglomerate, which …
China’s Alibaba to break up empire into six units as Jack Ma returns home Read More »
By Choonsik Yoo SEOUL (Reuters) – South Korea unveiled on Wednesday a package of measures aimed at boosting domestic consumption, but stopped short of offering big-ticket plans for fear of stoking inflation, which is slowing but still high. The government said in a statement distributed by the finance ministry that it would implement steps necessary …
South Korea vows support for domestic consumption, cautious on inflation Read More »
