LONDON (Reuters) – BNP Paribas said on Wednesday it had initiated a short position in the dollar’s exchange rate against the yen, essentially betting that the Japanese currency would strengthen in coming months with a Bank of Japan policy shift coming. BNP said in a note that it was targetting dollar/yen at 120 versus current …
BNP bets on stronger yen, sees BOJ policy move in March Read More »
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) -India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters. “We hereby confirm our strong support for Sri Lanka’s prospective (loan) …
India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF Read More »
ISLAMABAD (Reuters) -The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next fiscal year pending some steps on the country’s energy debt and tariffs, a finance ministry source told Reuters on Wednesday. The approval of the loans have been pending since June, said the source, declining to …
World bank delays approval of $1.1 billion loans for Pakistan – source Read More »
NEW DELHI (Reuters) – India is expected to overtake China as the world’s most populous country this year even though its population growth has been slowing down, United Nations says. Following are some key points about India’s demography, according to government data: – India estimates its population at 1.38 billion, compared to China’s 1.4 billion. …
Factbox-India set to overtake China as world’s most populous nation Read More »
BENGALURU (Reuters) -Adani Enterprises, the flagship company of India’s ports-to-energy conglomerate Adani Group, said it will use the proceeds of its mega $2.5 billion follow-on public offering (FPO) for capital expenditure and to pay off debt at its units. The company, led by billionaire Gautam Adani, said it will use 108.69 billion rupees from the …
India’s Adani to use $2.5 billion share sale proceeds for capex, debt repayment Read More »
MOSCOW (Reuters) -Russian Foreign Minister Sergei Lavrov said on Wednesday that the United States was attempting to “contain” both Russia and China with the help of other countries, but they were alert to its “games”. Lavrov told a news conference that the West saw both countries as a threat – Russia right now, and China …
Lavrov says Russia and China alert to Western ‘games’ Read More »
BEIJING (Reuters) – China’s President Xi Jinping said the country’s COVID-19 prevention and control is still going through a time of stress but the light is ahead, state media CCTV reported on Wednesday. Xi said there is a need to expand medical resources, increase supply of medical services and the availability of medicines, CCTV reported. …
China’s Xi says COVID containment still under stress – state media Read More »
HANOI (Reuters) – Vietnam’s legislature on Wednesday approved the resignation of President Nguyen Xuan Phuc, state media reported, amid a major escalation of the Southeast Asian country’s anti-graft campaign. Vice-President Vo Thi Anh Xuan would be acting president, state media said. Sources said a new president is likely to be named at the next meeting …
Vietnam legislature approves president’s resignation amid graft crackdown Read More »
BENGALURU (Reuters) – Indian private lender IndusInd Bank reported a bigger-than-expected jump in third-quarter profit on Wednesday, lifted by strong loan growth and a drop in provisions for bad loans. The company’s standalone profit, which excludes results of unit Bharat Financial Inclusion, jumped 68.7% to 19.59 billion rupees ($241 million) in the three months ended …
India’s IndusInd Bank posts bigger-than-expected Q3 profit jump Read More »
By Rama Venkat BENGALURU (Reuters) – Indian stocks on Wednesday closed at their highest levels in over two weeks, lifted by metals and financials, while foreign investors buying domestic stocks further boosted sentiment. The Nifty 50 index closed 0.62% higher at 18,165.35, while the S&P BSE Sensex rose 0.64% to 61,045.74, extending gains for the …
Indian shares hit two-week highs boosted by metals, financials Read More »
