Reuters Asia - Squid Business

India-Maldives row escalates, agency suspends flight bookings to islands

COLOMBO/NEW DELHI (Reuters) – One of India’s largest travel platforms suspended flight bookings to the tourism-dependent Maldives on Monday after disparaging social media posts against Indian Prime Minister Narendra Modi embittered relations between the South Asian neighbours. India and Russia send the largest number of visitors to the Maldives, a chain of sun-kissed islands in …

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India’s Vistara confident it will receive last Boeing 787 by April

By Nandan Mandayam BENGALURU (Reuters) -Indian airline Vistara said on Monday it was confident of receiving its last 787 wide-body jet from Boeing by March or April, despite a recent incident on a narrow-body 737 MAX 9 that lost part of its fuselage. “We will hit a fleet size of 70 aircraft by March or …

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India’s Adani Green plans to redeem $750 million bonds due Sept

MUMBAI (Reuters) – India’s Adani Green Energy Ltd said on Monday it plans to redeem $750 million worth of notes due on Sept. 9, eight months before they mature. The company, part of billionaire Gautam-Adani’s ports-to-power conglomerate, said it will pay $169 million from its reserves and internal accruals, and $300 million from the consideration …

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Ignoring Taiwan’s complaints, more Chinese balloons spotted over strait

TAIPEI (Reuters) – Taiwan’s defence ministry said it detected three more Chinese balloons flying over the Taiwan Strait on Sunday, one of which crossed the island, the latest in a spate of such balloons the ministry says it has spotted over the past month. The ministry on Saturday, in a strongly worded statement, accused China …

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Indonesia presidential hopeful promises change, end of patronage politics

By Stanley Widianto TASIKMALAYA, Indonesia (Reuters) -After a campaign rally this week, Indonesian presidential contender Anies Baswedan dabbed sweat off his forehead as his convoy inched through a throng of supporters. Suddenly, he jumped out of his van to sign one last autograph for an excited teenage girl. Less than six weeks from the Feb. …

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China Evergrande EV unit says trade in shares halted

(Reuters) – China Evergrande New Energy Vehicle Group said on Monday that trade in its Hong Kong-listed shares have been halted ahead of an announcement from the company. It gave no further details. Shares in the electric vehicle (EV) manufacturing unit of property developer China Evergrande Group fell 18.6% in the first week of 2024 …

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Iran’s oil trade with China stalls as Tehran demands higher prices

By Chen Aizhu and Muyu Xu SINGAPORE (Reuters) -China’s oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world’s biggest crude importer, refinery and trade sources said. The cutback in Iranian oil, which makes up some 10% of China’s crude imports …

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Honda considers $14 billion plan for EV production in Canada -Nikkei

(Reuters) -Honda Motor Co is considering building an electric vehicle plant in Canada in a near-2-trillion-yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei news group reported on Sunday. The project could be one of Honda’s largest investments, the report said. Honda declined to comment on the report, saying there …

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Asia wealth managers flock to Dubai as clients look to diversify

By Xie Yu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – A growing number of wealth managers in Asia are setting up offices in Dubai, capitalising on warming diplomatic ties between China and the Middle East and betting on a surge in demand from clients for geographical diversification. Dubai, a major financial hub in the Gulf …

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Marketmind: Eyes on regional economic reports, Taiwan elections

By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. U.S. payrolls and service sector data won’t offer much inspiration to Asian markets this week, thanks to the ambiguous economic and Fed policy picture that churned markets on Friday, though a handful of regional economic reports due out and the Taiwan …

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