Reuters Asia

US to provide assistance to Japan on airplane recorders in fatal collision

(Reuters) -U.S. aviation safety officials will provide assistance to Japan in the reading of airplane recorders after a deadly collision between a Japan Airlines widebody jet and a small Coast Guard plane this week. National Transportation Safety Board Chair Jennifer Homendy told reporters Japan had sought assistance with the Honeywell-manufactured recorders. “We will help on …

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Philippine inflation at near 2-year low but rates likely to stay elevated

By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – Philippine inflation slowed to its weakest in nearly two years in December but full-year readings remained outside the central bank’s target zone, diminishing chances of near-term rate cuts. The central bank did not waver on Friday from its stance in early December that policy settings …

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Rupee gauges more moderation in Fed rate cut bets; awaits US jobs report

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open little changed on Friday, with traders keeping an eye on the uptick in U.S. bond yields following better-than-expected jobs data. Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 against the U.S. dollar, compared with its close of 83.23 in the …

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Constant RBI intervention to keep rupee in tight range through 2024: Reuters poll

By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range against the dollar this year as the Reserve Bank of India continues intervening to manage the exchange rate despite aggressive market bets for U.S. interest rate cuts, a Reuters poll of FX strategists showed. The U.S. dollar index lost over …

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Little election fizz in Bangladesh as prime minister set for another term

By Ruma Paul and Sudipto Ganguly DHAKA (Reuters) -Utility poles across Bangladesh are festooned with campaign flyers carrying pictures of general election candidates, most of them from the ruling party, as an opposition boycott looks set to usher Prime Minister Sheikh Hasina to a fourth straight term. Rights groups warn the country of 170 million …

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Japan service activity expands in Dec, led by strong new business – PMI

TOKYO (Reuters) – Japan’s December service activity expanded at a faster pace from the previous month thanks to strong demand and a lift in confidence even though the overall growth rate was modest, a business survey showed on Friday. The service sector has been a bright spot for the world’s third-largest economy, marking 16 consecutive …

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