Reuters Asia

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart’s Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe. In a filing on Dec. 3, reviewed …

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Central Philippines Kanlaon volcano erupts, says seismology agency

By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -A volcano in the central Philippines erupted for a second time this year, prompting emergency evacuations after it spewed a huge of column of ash into the sky, authorities said on Monday. Mt. Kanlaon, an active volcano straddling the Southeast Asian country’s central provinces of Negros …

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China vows to ramp up policy stimulus to spur growth in 2025

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China will adopt an “appropriately loose” monetary policy next year, the first easing of its stance in some 14 years, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying on Monday. China will step up “unconventional” counter-cyclical adjustments, focusing on …

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Japanese investors sold overseas equities for second straight month in November

(Reuters) – Japanese investors sold overseas stocks for a second consecutive month in November as they sought to capitalize on robust gains in global equities, particularly as U.S. stocks reached record highs. According to data from Japan’s Ministry of Finance, these investors net sold 1.22 trillion yen ($8.12 billion) worth of overseas stocks last month, …

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Taiwan November exports expand faster than expected, outlook upbeat

TAIPEI (Reuters) – Taiwan’s exports rose more than expected in November benefiting from the booming artificial intelligence (AI) industry and a bounce back in demand from top trading partner China, with the outlook upbeat. Exports rose 9.7% on the year to $41.09 billion, the finance ministry said on Monday, both beating a forecast for expansion …

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Explorer KUFPEC eyes more oil and gas opportunity in Indonesia’s Natuna Sea

By Fransiska Nangoy JAKARTA (Reuters) – Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia’s Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country’s production. Prabowo, who took office in October, aims to ease dependence on imported fuel and …

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China’s Nov car sales rise fastest since January, subsidised trade-ins gain steam

BEIJING (Reuters) – China’s car sales grew 16.6% in November from a year earlier, its fastest pace since January, as government-subsidised auto trade-ins gather steam near the end of the year. Sales totalled 2.45 million units last month, data from the China Passenger Car Association (CPCA) showed on Monday. For the first 11 months of …

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China’s Xi urges ‘full preparation’ to achieve 2025 economic targets

BEIJING (Reuters) – China’s current development faces many uncertainties and challenges, President Xi Jinping said at a symposium on Dec. 6, urging full preparation to achieve 2025 economic targets, state media Xinhua reported on Monday. “We must maintain strategic focus” and actively build an external environment that is favorable to us, Xinhua reported, citing Xi …

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