By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee saw its best trading session in three weeks on Thursday, as Asian currencies firmed on anticipation that the U.S. Federal Reserve was near the end of its rate hiking cycle. The rupee ended at 82.2625 per dollar, compared with its previous close of 82.6550. Lack of …
Rupee logs best day in three weeks on rising bets of Fed pause Read More »
HONG KONG (Reuters) – The number of kindergartens in China has dropped for the first time in 15 years, falling by more than 5,000 on the previous year, financial news outlet Yicai reported, citing data from the country’s Education Ministry. Concerns about China’s shrinking population have prompted more than 20 recommendations by members of the …
Number of Chinese kindergartens drops in 2022 for first time in 15 years-media Read More »
HONG KONG (Reuters) – Thousands of people thronged on Thursday into Art Basel Hong Kong, one of Asia’s largest contemporary art fairs, to view large-scale installations from hanging money trees to a pumpkin 8 feet (2.4 m) tall. Participating galleries reported bumper sales. The annual fair, which also has editions in Basel, Paris, and Miami …
Crowds swarm Art Basel Hong Kong as galleries report sales bonanza Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares settled lower on Thursday, dragged by information technology stocks and financials, after the U.S. Federal Reserve reiterated its fight against inflation with a quarter-point rate hike even as it signalled that a pause in policy tightening could be near. After two sessions of gains, the Nifty 50 index …
IT, financials lead Indian shares lower after Fed rate hike Read More »
By Sethuraman N R and Anisha Ajith BENGALURU (Reuters) – India’s open e-commerce network ONDC on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to help local businesses take on the likes of Uber Technologies. ONDC is in talks with more companies in …
India govt’s open e-commerce network ONDC expands into mobility Read More »
By Jayshree P Upadhyay (Reuters) – India’s market regulator is to take action against at least four companies alleged to have been pushing stock tips via social media without authorisation, documents reviewed by Reuters showed and two sources with direct knowledge of the matter said. The regulator’s action, which follow four earlier orders passed in …
Indian market watchdog speeds up action against social media stock tips – sources Read More »
JERUSALEM (Reuters) – El Al Israel Airlines said on Thursday it would resume flights to India in October after a three-year absence, citing shorter flight times due to the ability to fly over Saudi Arabia and Oman. Israel’s flag carrier will operate four weekly flights to Mumbai from Tel Aviv using Boeing 737 aircraft, with …
Israel’s El Al to resume India flights using Saudi corridor Read More »
HONG KONG (Reuters) – China Evergrande Group’s long-awaited offshore debt restructuring proposals failed to address investor concerns about the property sector’s prospects, sending shares of rival developers lower on Thursday. Evergrande, which has been at the centre of China’s property sector crisis, on Wednesday announced restructuring proposals for its $22.7 billion worth of offshore debt, …
China property stocks fall after Evergrande debt revamp plan Read More »
TAIPEI (Reuters) -Taiwan sees China’s involvement in Honduras’ decision to seek to end relations with the island as very obvious and the situation does not look good with Honduras demanding a “high price”, the island’s foreign minister said on Thursday. Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its …
Taiwan says China’s involvement in Honduras is obvious Read More »
NEW DELHI (Reuters) – India’s New Delhi, the world’s most polluted capital, is betting on expanding its fleet of electric buses and using more solar power in the next three years to improve the city’s air quality, its finance minister said on Wednesday. The local government said it wants a 27-fold increase in the number …
India’s capital bets on more e-buses, solar energy to curb pollution Read More »
