Reuters Asia

Davos 2023: Marcos says Philippines to resist ‘recessionary forces’

By Brenda Goh and Enrico Dela Cruz DAVOS, Switzerland/MANILA (Reuters) – Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. Marcos was bullish about the country’s economic prospects in a speech on Wednesday at the World Economic Forum’s …

Davos 2023: Marcos says Philippines to resist ‘recessionary forces’ Read More »

Davos 2023: China recovery could be very quick – IMF’s Gopinath

DAVOS, Switzerland (Reuters) – China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Gopinath also reiterated …

Davos 2023: China recovery could be very quick – IMF’s Gopinath Read More »

U.S. dollar advances vs major currencies as risk appetite fades

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the defensive amid hawkish comments from U.S. Federal Reserve officials that suggested more interest rate increases are likely to tame inflation. Analysts, however, remained convinced that the …

U.S. dollar advances vs major currencies as risk appetite fades Read More »

Crypto collapse brings focus to digital assets’ ‘true value’ – ex-India central bank governor

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – The collapse in the prices of digital assets over the past year will allow investors to focus on the “true value” of this new technology, the distributed ledger and the smart contracts that can be built on them, former Reserve Bank of India Governor Raghuram …

Crypto collapse brings focus to digital assets’ ‘true value’ – ex-India central bank governor Read More »

Indonesia court hears class-action suit after children die from tainted cough syrup

JAKARTA (Reuters) – Families of Indonesian children who died because of tainted cough syrup demanded restitution as an Indonesian court on Tuesday started hearing their class-action lawsuit against government agencies and pharmaceutical firms. About 200 children have died of acute kidney injury in Indonesia since last year and authorities have said two ingredients, ethylene glycol …

Indonesia court hears class-action suit after children die from tainted cough syrup Read More »

Deputy U.N. chief has talks in Afghanistan on women’s rights

KABUL (Reuters) -The United Nations deputy secretary-general discussed women’s rights with Afghanistan’s acting foreign minister on Wednesday after the Taliban authorities banned most female aid workers and stopped women and girls from attending high school and university. Amina Mohammed has also met with U.N. staff, aid groups and Afghan women “to take stock of the …

Deputy U.N. chief has talks in Afghanistan on women’s rights Read More »

Cricket-India beat New Zealand by 12 runs in thrilling ODI series opener

(Reuters) – India claimed a thrilling 12-run victory over New Zealand after Shubman Gill scored a double century and Mohammed Siraj picked up four wickets as they kicked off their one-day international series in Hyderabad on Wednesday. The 23-year-old opener scored 208 off 149 balls, smashing an incredible 19 fours and nine sixes as he …

Cricket-India beat New Zealand by 12 runs in thrilling ODI series opener Read More »