BENGALURU (Reuters) – Indian automaker Tata Motors said on Tuesday that it will raise prices of commercial vehicles by up to 5%, its second hike in four months, to ensure its vehicles comply with new emission norms. The price increase, starting from April 1, will be applied across the entire range of commercial vehicles, with …
India’s Tata to hike commercial vehicle prices for second time in 2023 Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. The proposal limits recipients of U.S. funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern …
U.S. seeks to prevent China from benefiting from $52 billion chips funding Read More »
By Valentyn Ogirenko and Yoshifumi Takemoto BUCHA, Ukraine/TOKYO (Reuters) -Japan’s Fumio Kishida arrived in Kyiv for a meeting with President Volodymyr Zelenskiy on Tuesday, a rare, unannounced visit by a Japanese leader that underscored Tokyo’s emphatic support for Ukraine against Russia’s invasion. Kishida had been the only leader of the Group of Seven (G7) rich …
In Ukraine to offer solidarity, Japan’s Kishida tours Bucha massacre site Read More »
By Josh Ye and Eva Mathews (Reuters) -Tencent Music Entertainment Group reported its fifth consecutive quarter marked by declining revenue on Tuesday but continued growth in paying users and a recovery in advertising helped it beat analysts’ estimate. Total revenue of the company, China’s answer to Spotify, stood at 7.43 billion yuan ($1.08 billion) in …
China’s Tencent Music posts declining quarterly revenue but beats estimates Read More »
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels. Economic mismanagement coupled with the …
Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days Read More »
MUMBAI(Reuters) – The Reserve Bank of India (RBI) sold net $384 million in the spot foreign exchange market in January, the central bank’s monthly bulletin showed on Tuesday. The RBI said it purchased $12.90 billion and sold $13.29 billion in the spot market in the month. In comparison, it bought net $3.84 billion in the …
India cenbank sold net $384 million in spot forex market in January – bulletin Read More »
MUMBAI (Reuters) – Indian lenders are capable of enduring any potential contagion effects emanating from the U.S. banking turmoil and UBS’s recent takeover of embattled Swiss lender Credit Suisse given their manageable exposures to their global counterparts, S&P Global Ratings said on Tuesday. “Strong funding profiles, a high savings rate, and government support are among …
Indian banks can endure global banking turmoil fallout-S&P Read More »
By Swati Bhat MUMBAI (Reuters) – India’s economy is gathering steady pace and is unlikely to face major repercussions from the recent global financial turmoil, the Reserve Bank of India said in its bulletin released on Tuesday. “Unlike the global economy, India would not slow down – it would maintain the pace of expansion achieved …
India central bank optimistic on growth, sees no big hit from bank turmoil- bulletin Read More »
TAIPEI (Reuters) -Beijing expressed its anger at a visit by Germany’s education minister to Taiwan on Tuesday, describing it as “vile”, while a source at Berlin’s foreign office responded by saying the trip did not deviate from Germany’s “one China” policy. China views democratically governed Taiwan as its own territory and has ramped up military, …
China protests ‘vile’ Taiwan visit by German minister Read More »
By Jennifer Rigby and Natalie Grover LONDON (Reuters) – Data from the early days of the COVID-19 pandemic, briefly uploaded to a global database by Chinese scientists, gives crucial information on the outbreak’s origins, including of an animal market in the Chinese city of Wuhan, researchers said. The virus was first identified in Wuhan in …
Chinese COVID data from animal market gives clues on origins – report Read More »
