By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed lower on Monday with investors fretting about contagion risks in the global banking system, as relief from a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group turned out to be short-lived. The Nifty 50 index was down 0.65% at 16,988.40, while the S&P BSE Sensex …
Indian shares fall as banking contagion fears sour mood Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee declined on Monday as relief from the Credit Suisse rescue deal proved to be short-lived, with investors dumping risk assets on worries over a contagion in the global financial sector. The rupee closed at 82.6350 per dollar, compared with its previous close of 82.5525. Asian stocks …
Rupee weakens as bank contagion fears drag risk assets Read More »
By Fayaz Bukhari SRINAGAR (Reuters) – Indian Kashmir is to get its first foreign investment, with Dubai’s Emaar Group due to build a $60 million shopping and office complex, as the government looks to stabilise a region where Muslim separatists have for years battled the government. The 5 billion rupee ($60.50 million) development will include …
India’s Jammu and Kashmir gets first foreign investment from Dubai’s Emaar Read More »
(Reuters) – India’s Supreme Court on Monday directed the market regulator to refund 3 billion rupees ($36.3 million) to the National Stock Exchange of India in a case involving alleged lapses in the bourse’s systems, lawyers representing the parties said on Monday. The top court also refused to stay a tribunal order, which had set …
India’s Supreme Court asks SEBI to refund 3 billion rupees to NSE Read More »
By Nidhi Verma and Nikunj Ohri NEW DELHI (Reuters) -India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said. The extension of rules may …
Exclusive-India plans to extend fuel export curbs beyond March – sources Read More »
By Mayank Bhardwaj JAIPUR, INDIA (Reuters) – Rapeseed output in India, the world’s biggest importer of vegetable oils, is likely to rise 7.5% this year due to a record planting of the winter-sown oilseed, a leading trade body said on Monday. Farmers are likely to harvest a record 11.5 million tonnes in the crop year …
India likely to harvest record 11.5 million tonnes rapeseed this year -industry body Read More »
By Kirsty Needham SYDNEY (Reuters) -A former U.S. Marine Corps pilot may have been “lured” from China to Australia by security agencies before his arrest, his lawyer said outside court on Monday after an extradition hearing in Sydney. Daniel Duggan, 54, is facing extradition to the United States on charges of breaking U.S. law by …
Former US Marine may have been ‘lured’ from China before arrest -lawyer Read More »
TAIPEI (Reuters) -Former Taiwan President Ma Ying-jeou is “at his host’s disposal” when it comes to meetings with senior leaders during a trip to China this month, but there are no plans for him to visit Beijing, a senior official from Ma’s office said on Monday. Ma will be the first former or current Taiwanese …
Former Taiwan president Ma open to meeting leaders on landmark China trip Read More »
TAIPEI (Reuters) – Taiwan’s central bank is expected to keep its policy rate unchanged this week, according to economists polled by Reuters, as the island’s economy and inflation slow and global banking woes unnerve markets. The central bank is likely to keep the benchmark discount rate at 1.75% at its quarterly meeting on Thursday, according …
Taiwan set to stand pat on rates amid global financial woes – Reuters Poll Read More »
(Reuters) -New Zealand’s foreign minister, Nanaia Mahuta, will travel to China on Tuesday to meet her counterpart Qin Gang on the first such visit by a New Zealand minister since 2019. Mahuta said she would raise New Zealand’s concerns about key security challenges at the meeting with Qin Gang in Beijing, such as the “illegal Russian …
New Zealand foreign minister to meet Chinese counterpart in Beijing Read More »
