Reuters Asia - Squid Business

India’s digital currency transactions top 1 million/day in Dec -sources

By Jaspreet Kalra MUMBAI (Reuters) – Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as …

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Citi targets China investment bank unit launch, 30 new hires by end 2024-source

By Selena Li HONG KONG (Reuters) – Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of the matter said. The Wall Street bank could triple staffing in the unit, …

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Opportune time to up duration risk in Indian bonds, says DSP Mutual Fund’s Yadav

By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield could fall around 50 basis points in 2024, and it is an “opportune” time to increase duration risk, Sandeep Yadav, head of fixed income at DSP Mutual Fund said. “Fixed income investors should increase debt duration further in 2024, as this the best time …

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Record monthly FPI buying in December drives India’s Nifty 50 to record highs

By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed. The record buying propelled India’s stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs. FPIs bought shares worth 427.33 billion rupees in the first …

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China conducts patrols in South China Sea amid ongoing run-ins

BEIJING (Reuters) -China’s military will conduct routine patrols with its naval and air forces in the South China Sea from Wednesday to Thursday, the military’s Southern Theater Command said, as ongoing tensions simmer in the region over disputed territories. China’s military did not say where exactly the patrols would be held but they were announced …

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South Korea, US conduct week-long firing drills near North Korea border

By Jack Kim SEOUL (Reuters) – South Korean and U.S. troops have conducted joint combat firing drills near the border with North Korea involving heavy weapons, as Pyongyang lambasted the allies for dangerous moves pushing the region to the brink of “an inferno of nuclear war.” The exercise by a South Korean Army mechanised infantry …

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BOJ’s Ueda: Hope Japan achieves balanced rises in inflation, wages

TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday he hopes the economy can see inflation and wages rise in a balanced manner. If inflation and wages rise in a balanced fashion, that can lead to increases in capital expenditure as well as spending on research and development, Ueda said in a …

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Chinese provinces warn of thick fog, dozens of Shanghai flights delayed

By Bernard Orr BEIJING (Reuters) – Extremely heavy fog in several Chinese provinces on Thursday led to dangerously low visibility, closing highways, delaying flights out of Shanghai and prompting weather forecasters to release a string of warnings and advisories. Dense fog affected Shandong, Hubei, Hunan, Jiangxi and Fujian provinces with visibility below 200 m (656 …

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Japan says Coast Guard plane apparently not cleared for take-off before runway collision

By Maki Shiraki, Daniel Leussink and Lisa Barrington TOKYO (Reuters) -Japanese authorities said on Wednesday a passenger jet that collided with a Coast Guard turboprop at a Tokyo airport had been given permission to land, but the smaller plane had not been cleared for take-off, based on control tower transcripts. All 379 people aboard the …

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Taiwan will publish analysis of China’s alleged election interference post vote

TAIPEI (Reuters) -Taiwan is documenting its experiences with China’s alleged attempts to interfere in elections next week and will publish its analysis soon after the vote. Taiwan’s government has pointed to military and economic pressure as well as Chinese-subsidised trips to China for local Taiwanese officials, as evidence of Beijing’s alleged interference ahead of the …

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