Reuters Asia

Foreigners buy $1 billion of Indian bonds on bets of policy easing after GDP data

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route …

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Exclusive-Rising costs squeeze intermediaries out of thriving Russian oil trade with India

By Nidhi Verma NEW DELHI/MOSCOW (Reuters) – Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. The change reverses a trend of …

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Gold hits record high as US election, Mid-East jitters fuel rush to safety

By Anjana Anil (Reuters) – Gold surged to a record high on Monday while silver struck a near 12-year peak, as growing uncertainties surrounding the U.S. presidential election and the Middle East war added to gold’s rally already fueled by expectations of interest rates easing. Spot gold gained 0.7% to $2,739.50 per ounce, as of …

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Country Garden Services says PwC resigns as its auditor

(Reuters) – Country Garden Services, the property services arm of China’s property developer Country Garden said on Monday that PricewaterhouseCoopers (PwC) has resigned as its auditor. The country’s regulators hit the auditing firm’s mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62.01 million) previously, over the firm’s audit …

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India, China reach pact to resolve border conflict, Indian foreign minister says

By Krishn Kaushik, Fayaz Bukhari and Shilpa Jamkhandikar NEW DELHI (Reuters) -India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants. The news came on the eve …

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Indian policy body calls for power plants to pause installing sulphur reducing gear

By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s top policy think tank has proposed halting the fitting of equipment to cut sulphur emissions at coal-fired power plants, according to a document seen by Reuters, reigniting debate over the country’s commitment to cleaning its dirty air. Air pollution levels in India are among the highest …

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Uzbekistan announces $1.3 billion in waste-to-energy projects

TASHKENT (Reuters) – Uzbekistan plans to implement projects worth about $1.3 billion focused on the construction of waste-to-energy plants, President Shavkat Mirziyoyev’s office said on Monday. Tashkent plans to work on those with China’s CAMC Engineering and Shanghai SUS Environment as well as Tadweer Group of the United Arab Emirates and South Korea’s Sejin. Combined, …

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US, Canadian navies sail through Taiwan Strait week after war games

TAIPEI (Reuters) -A U.S. and a Canadian warship sailed through the sensitive Taiwan Strait together on Sunday, less than a week after China conducted a new round of war games around the island, with Beijing denouncing the mission as “disruptive”. The U.S. navy, occasionally accompanied by ships from allied countries, transits the strait around once …

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Indian buyers expect no disruption in Canadian lentil, potash supplies

By Rajendra Jadhav and Mayank Bhardwaj NEW DELHI (Reuters) – Indian buyers do not expect supplies of Canadian lentils and potash to be affected by the diplomatic row between New Delhi and Ottawa, trade, industry and government officials said. Lentils and potash supplies from Canada have been steady, they said. Ties between India and Canada …

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