Reuters Asia

India’s pension fund body recommends marginal hike in interest rate on deposits

NEW DELHI (Reuters) – India’s pension fund body on Tuesday recommended marginally increasing the interest rate on deposits with it to 8.15% for the current financial year from 8.1% in the previous year, the labour ministry said in a statement on Tuesday. Last year’s interest rate was the lowest in nearly 25 years. The interest rate would …

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Adani shares tumble on report group seeking time to pay ACC, Ambuja debt

BENGALURU (Reuters) – Shares of Adani Group companies tumbled on Tuesday after a report said the conglomerate was seeking to renegotiate terms of outstanding loans worth $4 billion taken last year to buy cement firms ACC and Ambuja Cements. The group’s flagship firm, Adani Enterprises, slid nearly 8% to a near four-week low, while Adani …

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Czech parliament speaker, in Taiwan, says we’ll always stand with you

TAIPEI (Reuters) – The speaker of the lower chamber of the Czech parliament told Taiwanese lawmakers on Tuesday that her country and Taiwan are bound together by freedom and democracy, pledging to always stand with the island’s people. Taiwan has sought to bolster ties with fellow democracies as it faces stepped up pressure from Beijing …

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Japan banks’ holdings of Credit Suisse AT1 bonds small – Finance Minister

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese banks’ holdings of Additional Tier-1 (AT1) bonds issued by Credit Suisse are small so the direct hit from them being written down to zero will be limited, Finance Minister Shunichi Suzuki said on Tuesday. As part of the multi-billion franc rescue of Credit Suisse by its …

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South Korea’s Yoon: International community should know North Korea’s human rights situation better

SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the international community should have better knowledge about North Korea’s dire human rights situation. He made the comment while speaking at a cabinet meeting, urging officials to work on informing the domestic and international communities of the North’s human rights violations. (Reporting by …

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Japan to sign mineral supply chain agreement with US, subject to EV tax cut -minister

TOKYO (Reuters) – Japan will sign a mineral supply chain agreement with the United States that will give U.S. tax incentives for electric vehicles made with metals processed in Japan, trade minister Yasutoshi Nishimura told reporters on Tuesday. The U.S. last June announced a multinational pact called Minerals Security Partnership with Japan, Canada and other …

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