Reuters Asia

Adani Ports to tap bond market for first time in more than two years – bankers

MUMBAI (Reuters) – India’s largest private port operator Adani Ports and Special Economic Zone plans to raise funds totalling 5 billion rupees ($60.08 million) through two bonds, one maturing in five years and the other in 10 years, three bankers said on Thursday. The company, which will tap the market for the first time since …

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Vietnam police arrest former deputy trade minister for alleged abuse of power

HANOI (Reuters) – Vietnamese police arrested Hoang Quoc Vuong, a former deputy minister of industry and trade, on Thursday for alleged abuse of power, the country’s public security ministry said, the latest case in a longrunning anti-graft campaign dubbed “blazing furnace”. Police searched Vuong’s home and further investigation into his alleged wrongdoing is underway, a …

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India’s Gujarat holding talks with Japan, US firms as Modi eyes chipmaking hub

By Rupam Jain and Sumit Khanna GANDHINAGAR, India (Reuters) -India’s Gujarat state is in talks with chipmakers in Japan, South Korea and the United States for investments in the state, its top minister said on Thursday, in pursuit of India’s ambitions of becoming a chipmaker for the world. Semiconductor manufacturing is one of Prime Minister …

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Hong Kong will not sell residential, commercial land this quarter amid slow demand

HONG KONG (Reuters) – Hong Kong said on Thursday it will not sell any residential or commercial land in the first three months of 2024, citing sluggish market sentiment and high vacancy rates respectively. This would be the first time Hong Kong’s government has not rolled out any residential sites in a quarterly sale, analysts …

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China targets better integration of EVs, grids to manage power demand

By Colleen Howe BEIJING (Reuters) – China’s state planner has issued new rules on strengthening the integration of new energy vehicles with the electric grid, as the world’s biggest market for electric vehicles (EVs) aims to manage its power demand amid a transition to renewable energy. The notice, published on Thursday by China’s National Development …

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Financials, energy lead rebound in Indian shares after two-session fall

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes bounced back after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. The blue-chips NSE Nifty 50 index climbed 0.66% to 21,658.60 points, while the S&P BSE Sensex added 0.69% to 71,847.57 points. “Expect markets …

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