Reuters Asia

European Space Agency’s sun-studying Proba-3 mission lifts off on ISRO rocket

BENGALURU (Reuters) -The European Space Agency on Thursday launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation’s flagship rocket. The launch from Satish Dhawan Space Centre, originally scheduled for Wednesday, had been delayed because of a technical snag. The mission is intended to advance global efforts to understand economic and technological risks …

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Exclusive-As tariffs loom, Gillette-razor maker P&G sourcing more steel from India

By Jessica DiNapoli and Richa Naidu NEW YORK (Reuters) – Procter & Gamble has overhauled its supply chain for the tiny, extra-thin strips of stainless steel in its Gillette razors to source from India, a move expected to help protect its margins from any tariffs U.S. President-Elect Donald Trump may impose. The stainless steel the …

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China’s Xi stresses need to fight graft in military

BEIJING (Reuters) – China’s President Xi Jinping stressed the need to enforce discipline and fight corruption in the military, as well as boost information warfare capabilities, state broadcaster CCTV said on Thursday. Since last year, China’s military has undergone a sweeping anti-corruption purge, with at least nine People’s Liberation Army (PLA) generals and a handful …

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US to donate small boats to Vietnam to boost maritime law enforcement

HANOI (Reuters) – The United States will provide $12.5 million to Vietnam to enhance its maritime law enforcement capabilities and combat illegal fishing, the U.S. embassy in Hanoi said on Thursday. The assistance package includes support for Vietnamese maritime law enforcement agencies, the donation of small boats and the development of training facilities, it said. …

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Apple plans $1 billion manufacturing plant investment in Indonesia, minister says

JAKARTA (Reuters) -Tech giant Apple <AAPL.O> plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia’s investment minister said on Thursday. In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to …

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Financials, IT drive Indian shares higher ahead of cenbank policy decision

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Thursday as U.S.-focused IT stocks jumped on a rosy picture of the U.S. economy, while financials extended their rally to a fifth session on hopes of domestic policy easing. The benchmark NSE Nifty 50 jumped 0.98% to 24,708.4, while the BSE Sensex added 1% to 81,765.86, logging …

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Philippines files diplomatic protest against China over South China Sea incident

MANILA (Reuters) -The Philippines’ foreign ministry said on Thursday it has filed a diplomatic protest against China over a Dec. 4 maritime incident in the contested Scarborough Shoal in the South China Sea. Thursday’s protest is the latest in nearly 200 the Philippines has lodged against China under President Ferdinand Marcos Jr who has increasingly …

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Rupee little changed as cenbank rate decision, growth commentary looms

By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended little changed following a rangebound trading session on Thursday, with market players speculating whether the country’s central bank will initiate an interest rate easing cycle on Friday to stimulate economic growth. The rupee, ended at 84.7325 to the U.S. dollar, from Wednesday’s close of 84.74. …

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Russia’s Rosneft invested $20 billion in India, Indian government quotes Putin as saying

By Sakshi Dayal NEW DELHI (Reuters) -Russian oil producer Rosneft invested $20 billion in India recently, the Indian government quoted Russian President Vladimir Putin as saying in a statement on Thursday, without giving details. Putin said in January that Rosneft planned to expand its presence in India and Indian government officials said in July that …

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