Reuters Asia - Squid Business

China’s Xi urges missile troops to boost deterrence, combat capabilities

By Antoni Slodkowski BEIJING (Reuters) – Chinese state media reported on Saturday that President Xi Jinping on Thursday inspected a brigade of the People’s Liberation Army’s Rocket Force, urging the troops to boost their “deterrence and combat capabilities”. During the inspection Xi also urged the strategic missile troops to “resolutely fulfil the tasks entrusted by …

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India’s Tech Mahindra beats July-Sept revenue view

By Haripriya Suresh BENGALURU (Reuters) – Indian IT services firm Tech Mahindra on Saturday reported revenue grew more than expected in the three months through September, aided by growth in European and other non-American markets, as well as the banking, financial services, and insurance (BFSI) segment. Revenue rose 3.49% to 133.13 billion rupees ($1.58 billion) …

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India Kotak Mahindra Bank’s quarterly profit misses estimates on higher provisions

MUMBAI (Reuters) – India’s Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender’s standalone net profit, excluding subsidiaries, rose to 33.44 billion rupees ($397.8 million) in the second financial quarter from 31.91 billion rupees last year. That was below the …

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Warned by police, some of Canada’s Sikhs feel threatened by India

By Anna Mehler Paperny TORONTO (Reuters) -Twice since July 2022, Moninder Singh, spokesperson for a Sikh advocacy group in Canada’s British Columbia province, has had police come to his door in the Vancouver suburb of Surrey. Twice, Singh said, they warned him that he faced an imminent risk of assassination, though they did not say …

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North Korean troops in Russia readying for combat in Ukraine war, S.Korea says

By Ju-min Park and Jack Kim SEOUL (Reuters) -North Korea has shipped 1,500 special forces troops to Russia’s Far East for training and acclimatising at local military bases and will likely be deployed for combat in the war in Ukraine, South Korea’s spy agency said on Friday. South Korea’s National Intelligence Service said it had …

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Trump says he would impose tariffs on China if China went into Taiwan

By Kanishka Singh WASHINGTON (Reuters) -Republican presidential candidate Donald Trump said he would impose additional tariffs on China if China were to “go into Taiwan,” the Wall Street Journal reported. “I would say: If you go into Taiwan, I’m sorry to do this, I’m going to tax you, at 150% to 200%,” the former U.S. …

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Peru’s Chinese-built mega port to soft launch in late November with Shanghai route

LIMA (Reuters) -Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an executive for port operator Cosco Shipping said on Friday. After the port’s inauguration in mid-November, it will initially cover a direct route to Shanghai …

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Hong Kong regulators move to speed up company listings

By Selena Li (Reuters) – Hong Kong’s bourse and securities regulator on Friday moved to shorten the approval time for company listings, the latest effort to boost the attractiveness of Hong Kong as a global venue for initial public offerings (IPO). Hong Kong Exchanges and Clearing (HKEX) said it would communicate closely with the Securities …

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Global uncertainties drive gold above unprecedented $2,700/oz milestone

By Anushree Mukherjee and Swati Verma (Reuters) – Gold surged above the historic threshold of $2,700-per-ounce on Friday, powered by escalating tensions in the Middle East, uncertainties around the U.S. elections and relaxed monetary policy expectations that pushed the metal into uncharted territory. Spot gold was up 1% at $2,720.05 per ounce by 02:58 p.m. …

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Taiwan president thanks air force for ‘outstanding’ work during China war games

TAIPEI (Reuters) – Taiwan President Lai Ching-te thanked the air force on Friday for their “outstanding” work during Chinese war games around the island earlier this week, telling them to keep up the good work. China’s military said Monday’s day of war games were a warning to “separatist acts”, vowing to take further action against …

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