Reuters Asia - Squid Business

Indonesia to export EV battery material to US next month, minister says

JAKARTA (Reuters) – Indonesia plans to export nickel-based material used to make electric vehicle batteries to the United States next month, its energy minister said on Friday. Bahlil Lahadalia said Indonesia would provide the material, known as EV battery precursor, to U.S. electric carmaker Tesla, but did not give details on the volume involved. “We …

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Thai election commission begins probe into ruling Phue Thai party, media report

BANGKOK (Reuters) – Thailand’s Election Commission will launch an investigation into the ruling Pheu Thai party that could lead to its dissolution, multiple local media outlets reported on Friday. The Election Commission has set up a committee to look into complaints against the party that alleged it allowed former Prime Minister Thaksin Shinawatra to influence …

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Indian shares rebound after 3-day slump but weekly losses continue

By Hritam Mukherjee (Reuters) -Indian shares snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss. The Nifty 50 index closed 0.42% higher to 24,854.05 points as of 3:30 p.m. IST, after hitting a two-month low earlier …

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US charges ex-Indian intelligence official in foiled Sikh separatist murder plot

By Kanishka Singh WASHINGTON (Reuters) -The United States has charged a former Indian intelligence officer for allegedly directing a foiled plot to murder a Sikh separatist and Indian critic in New York City, with the FBI warning against such a retaliation aimed at a U.S. resident. An indictment of Vikash Yadav was ordered to be …

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India plans laptop import curbs to boost local manufacturing, sources say

By Shivangi Acharya NEW DELHI (Reuters) – India is expected to limit imports of laptops, tablets and personal computers after January, two government sources with direct knowledge of the matter said, a move to push companies such as Apple to increase domestic manufacturing. This plan, if implemented, could disrupt an industry worth $8 billion to …

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Vitol enters into long-term swap arrangement with China Gas

(Reuters) – Energy trader Vitol on Friday said that it has entered into a long-term swap arrangement with China Gas. As part of the agreement, Vitol will purchase half a million metric tons of LNG from China Gas’ contracted U.S. volume on FOB (free on board) basis and sell half a million metric tons of …

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Rupee slips to record low, cenbank intervention thwarts sharp fall

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India. The rupee closed at 84.0650 against the U.S. dollar, barely …

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Cricket-Bangladesh’s Murad replaces Shakib in final test

(Reuters) -Bangladesh left-arm spinner Hasan Murad has replaced all-rounder Shakib Al Hasan for their first test against South Africa next week, the Bangladesh Cricket Board (BCB) said on Friday. Shakib had earlier said he was almost certain he will not return home for a farewell test following public anger over his silence during deadly protests …

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India’s HPCL to start LNG terminal around year-end, seeks term supply, sources say

By Nidhi Verma and Emily Chow NEW DELHI/SINGAPORE (Reuters) – India’s Hindustan Petroleum Corp (HPCL) is seeking a liquefied natural gas (LNG) cargo to commission its new import terminal in December or January, and is in talks with between eight and nine companies for long-term supply, three sources said. HPCL has built a 5 million …

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Philippine political rift widens as VP Duterte accuses Marcos of incompetence

By Mikhail Flores MANILA (Reuters) – Philippine vice-president Sara Duterte accused President Ferdinand Marcos Jr of incompetence and a lack of leadership in a scathing attack on Friday that showed the deepening rift between the two powerful families ahead of midterm elections. Duterte, the daughter of Marcos’ predecessor, resigned from cabinet in June, signalling the …

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