New Delhi (Reuters) – The president of the Maldives, Mohamed Muizzu, will pay a state visit to China from Jan. 8 to 12, the Chinese foreign ministry said in statement on Friday, in what would be a high-profile snub to the island nation’s huge neighbour India. Multiple calls by Reuters to the Foreign Ministry and …
President of Maldives to visit China Jan 8-12, Beijing says Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s Gujarat International Finance Tec-City, or GIFT City, has given approval to billionaire Azim Premji’s wealth fund to set up a family investment fund in the financial hub, two sources with direct knowledge of the matter said. Prime Minister Narendra Modi has been looking to revive this decade-old …
India’s new finance hub gives nod to Azim Premji’s fund to invest overseas Read More »
By Liz Lee and Ethan Wang BEIJING (Reuters) -Chinese Foreign Minister Wang Yi said on Friday the most urgent task for Sino-U.S. relations is to establish a correct understanding and cooperation between the two sides, stressing it is “no longer an option … but an imperative” for the world. Cooperation is the “most correct choice …
China-U.S. cooperation ‘no longer an option … but an imperative’ – Wang Yi Read More »
SHANGHAI/PARIS (Reuters) – China launched on Friday an anti-dumping investigation into brandy imported from the European Union, which will focus on brandy in containers of less than 200 litres (44 British gallons). Trade disputes between China and Europe have been mounting over the past year, with both sides exchanging accusations of unfair competition and protectionism. …
Industry experts react to China’s anti-dumping probe into EU brandy Read More »
MANILA (Reuters) – The Philippine power grid operator, partly owned by China’s State Grid Corp, is in hot water for what the government said was its failure to prevent an outage that left millions without electricity for days. President Ferdinand Marcos Jr shared his dismay on Friday, saying the situation “caused significant hardship to our …
Philippines’ China-backed grid operator in trouble for power outage Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India’s defence ministry is providing protective escorts to Indian container ships in the high seas around the Red Sea as the security situation there continues to simmer, a government source said on Friday. Containers could face delays of 14 days in their turnaround time due to taking a …
India providing security escort for container ships around Red Sea-govt source Read More »
By Ruma Paul and Sudipto Ganguly DHAKA (Reuters) – Bangladeshi lawmaker Ranajit Kumar Roy is one of hundreds of independents running in Sunday’s election, an unusually high number which the opposition says is part of a ruling party ploy to legitimise a vote seen by critics as a one-sided sham. Many lawmakers and members from …
Flurry of ‘dummy’ candidates in Bangladesh vote criticised by opposition Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a seventh straight week and stood at a near 22-month high of $623.20 billion as of Dec. 29, data from the central bank showed on Friday. The reserves rose by $2.76 billion for the reported week after increasing by a total of $30.12 billion in the …
India’s forex reserves rise for seventh week, hit near 22-month high Read More »
BENGALURU (Reuters) – Indian digital payments firm MobiKwik, backed by Abu Dhabi Investment Authority and Bajaj Finance, has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million), about 63% less than its first attempt in 2021. The company, founded over a decade ago, had filed for a 19 billion …
Indian payments firm MobiKwik files for smaller $84 million IPO Read More »
GENEVA (Reuters) -Lawyers for Hong Kong pro-democracy tycoon Jimmy Lai said on Thursday they had appealed to the United Nations expert on torture over the treatment of a witness they believe was tortured before giving incriminating evidence. Lai, 76, founder of now-shuttered pro-democracy paper Apple Daily and a leading critic of the Chinese Communist Party, …
Hong Kong tycoon’s lawyers appeal to UN over witness torture accusation Read More »
