Reuters Asia

Honduras denies demanding $2.5 billion in Taiwan aid before China announcement

By Ben Blanchard and Gustavo Palencia TAIPEI/TEGUCIGALPA (Reuters) -Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, instead saying the country had repeatedly requested Taiwan buy Honduran public debt. Honduras Foreign Minister Eduardo Enrique Reina told Reuters the $2.5 billion figure …

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Earthquake in Afghanistan kills at least 13, nine of them in Pakistan

PESHAWAR/KABUL (Reuters) -At least 13 people were killed and more than 90 injured in Pakistan and Afghanistan after a magnitude 6.5 earthquake struck late on Tuesday, government officials said. At least nine people were killed and 44 injured in northwest Pakistan, a Pakistani government official said, and hospitals in northern Khyber Pakhtunkhwa province were put …

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Adani to increase airports business in India amid aviation boom

By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India’s Adani Group will focus on expanding its aviation business and plans to bid for more government-run airports when they come up for privatisation, Adani Airports’ chief executive said on Wednesday. The South Asian nation is the world’s fastest-growing aviation market, with demand for air travel …

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Baidu’s smart car business to test autonomous vehicles in Shanghai

HONG KONG (Reuters) – Apollo, Chinese tech giant Baidu’s smart car business, has received approval to be among the first companies to test fully autonomous vehicles in Shanghai, China’s largest city, it said on Wednesday. The business currently operates driverless robotaxi services in specially designated areas of Wuhan, Chongqing and Beijing. (Reporting by Twinnie Siu …

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Neuberger Berman raises $581 million in first onshore China retail fund

SHANGHAI (Reuters) – U.S. asset manager Neuberger Berman has set up its first onshore China retail fund, after raising 4 billion yuan ($581.2 million) in a bond-focused product. The maiden fund launch by Neuberger Berman’s Chinese unit is being keenly watched as a barometer of local investor interest in global fund brands as a banking …

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Thick sandstorms shroud Beijing and several provinces in China

BEIJING (Reuters) – Capital Beijing and several provinces in China will be affected by thick, dense sandstorms that will severely affect visibility, Chinese weather authorities said on Wednesday. The Central Meteorological Observatory issued yellow warning signals from Wednesday to early morning Thursday for Shaanxi, Shanxi, Hebei, Heilongjiang, Jilin, Liaoning, Shandong, Henan, Jiangsu, Anhui and Hubei …

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Tencent says focus on cost-cutting, core business after first revenue fall

By Josh Ye HONG KONG (Reuters) -Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world’s largest video game company and operator of the WeChat messaging platform posted revenue of 554.55 billion …

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