Reuters Asia - Squid Business

Ahead of expected war games, Taiwan urges China to ‘unclench its fists’

By Yimou Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s President Lai Ching-te urged China on Friday to “unclench its fists” and not take any unilateral actions, saying ahead of expected Chinese war games around the island that Beijing would not win any respect for military drills. China, which claims democratically governed Taiwan as its own …

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Indian dealers offer discounts; China sees seasonally soft demand

By Rajendra Jadhav and Rahul Paswan (Reuters) – Physical gold was sold at a discount in India for the first time in six weeks, as a weaker rupee drove up prices and in turn moderated demand, while top consumer China saw seasonally slow demand. Domestic prices in India rose to 76,800 rupees per 10 grams …

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India’s RBI supports growth with liquidity boost but holds rates amid high inflation

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio that banks are required to hold for the first time in over four years, effectively easing monetary conditions as economic growth slows. India’s GDP growth rate fell …

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Chen Dexin appointed chairman of China Minmetals

BEIJING (Reuters) – Chen Dexin, formerly general manager of commodities giant China Minmetals, has been appointed chairman and party secretary of the group, the company said on Friday. (Reporting by Amy Lv, Ella Cao and Ryan Woo; Editing by Jacqueline Wong)

Singapore’s Aelios offers to buy rest of Suntec REIT

By John Biju and Yantoultra Ngui (Reuters) -Singapore’s Aelios, owned by billionaire couple Gordon and Celine Tang, on Thursday launched a mandatory general offer to buy shares in Suntec Real Estate Investment Trust that valued the REIT at S$3.39 billion ($2.53 billion). The investment holding company, which already owns almost a third of the REIT, …

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India cenbank takes steps to increase forex inflows to boost struggling rupee

By Nimesh Vora NEW DELHI (Reuters) – The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians …

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Pakistan’s jailed former PM Imran Khan threatens civil disobedience movement

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s jailed former Prime Minister Imran Khan has called on his supporters to hold a rally next week and threatened to start a civil disobedience movement days after his party led a deadly protest march in Islamabad. In a post on X on Thursday, Khan asked supporters to converge …

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Inflation prompts India cenbank to raise agri loan limit

MUMBAI (Reuters) – India’s central bank said on Friday it will raise the limit for collateral-free agriculture loans to 200,000 rupees ($2,364.15) in a bid to enhance access to formal credit for small and marginal farmers in the country. Banks were required to extend collateral-free agriculture loans up to 160,000 rupees per borrower. The decision …

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Singapore’s Temasek unveils $7.5 billion private credit entity

By Yantoultra Ngui SINGAPORE – Singapore’s state investment company Temasek said on Friday that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion ($7.5 billion), consisting of direct investments and credit funds. Institutional global investors in recent years have been ramping up activity in the booming private …

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India cenbank cuts banks’ cash reserve ratio to ease liquidity conditions

MUMBAI (Reuters) – The Reserve Bank of India (RBI) has decided to cut banks’ cash reserve ratio by 50 basis points to 4%, Governor Shaktikanta Das said in his monetary policy address on Friday. The cash reserve ratio, or CRR, is the proportion of deposits that banks need to set aside as cash. The cut …

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