Reuters Asia

South Korean authorities fail to raid presidential office again, Yonhap says

By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korean investigators probing President Yoon Suk Yeol’s short-lived martial law declaration failed to gain entry to his office to seek evidence on Tuesday after presidential office security staff denied them entry, Yonhap news agency reported. Yoon was impeached on Saturday over his martial law decree and …

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Russia sells out of vast Kazakh uranium deposits to China

MOSCOW (Reuters) – Kazakhstan’s state-controlled nuclear resources company said on Tuesday that Russia’s state Rosatom corporation was selling its stakes in vast uranium deposits that it had been developing with the world’s largest uranium producer. Kazatomprom said that Rosatom unit, Uranium One Group, had sold its 49.979% stake in the Zarechnoye mine to SNURDC Astana …

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Rupee hits record low on widening trade deficit, weakness in local equities

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …

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India’s gold imports to plunge in December after record November

By Rajendra Jadhav MUMBAI (Reuters) – India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said. Lower imports by India, the world’s second-biggest consumer of the precious metal, …

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Taiwan says it is in talks for Amazon’s Kuiper internet satellite system

TAIPEI (Reuters) – Taiwan is in talks with Amazon about collaborating for the company’s new Kuiper broadband internet constellation of satellites, the island’s technology minister said on Tuesday, as the government seeks to build communication resilience. Taipei has been looking at plans to preserve communications if China attacks, including satellites in medium and low Earth …

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Alibaba to sell China department store chain Intime for $1.3 billion loss

By Casey Hall, Roushni Nair and Rishav Chatterjee (Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation. The sale marks a further acceleration of Alibaba’s …

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China ready to enhance mutual trust with India at border talks, foreign ministry says

BEIJING (Reuters) – China is ready to work with India to enhance mutual trust through dialogue and communication, and manage differences with sincerity and integrity, the foreign ministry said on Tuesday. Lin Jian, a ministry spokesperson, made the remarks when asked about the upcoming talks between Chinese Foreign Minister Wang Yi and Indian National Security …

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