HONG KONG (Reuters) -China has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday, as it looks to further open up the world’s second-largest insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP …
China approves BNP Paribas, Prudential insurance ventures Read More »
JAKARTA (Reuters) – Retired General Prabowo Subianto will be sworn in on Sunday as the president of Indonesia, the world’s third-biggest democracy with the largest economy in Southeast Asia. The following is a summary of Prabowo’s policy pledges: BOOSTING GROWTH Prabowo has set a target to accelerate economic growth to 8%, from 5% now, by …
Factbox-What policies to expect from Indonesia’s new President Prabowo Read More »
By Kantaro Komiya TOKYO (Reuters) – Consumer inflation in Tokyo for October likely undershot the central bank’s price target for the first time in five months, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to have risen 1.7% from a …
Tokyo inflation likely to miss BOJ target for first time in five months: Reuters poll Read More »
DHAKA (Reuters) -Bangladesh’s International Crimes Tribunal on Thursday issued an arrest warrant for former Prime Minister Sheikh Hasina, currently in India, citing her alleged involvement in mass killings during violent protests that erupted earlier this year. The protests, which began as a student-led movement against public sector job quotas, escalated into some of the deadliest …
Bangladesh crimes tribunal issues arrest warrant for exiled former prime minister Read More »
By Colleen Howe BEIJING (Reuters) – China’s thermal power generation in September rose 8.9% from a year earlier, statistics bureau data showed on Friday. Thermal power generation, which refers to generation largely from coal and some gas-fired power plants, was 545.1 billion kilowatt-hours (kWh) last month, according to the National Bureau of Statistics (NBS). That …
(Reuters) -China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector remains a big challenge for Beijing as it tries to boost growth. Data released on Friday showed the world’s second-largest economy grew 4.6% year-on-year …
China’s Q3 GDP growth skids to slowest since early 2023 Read More »
By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its economy and faces dangerously slower growth unless it shifts toward a consumer-driven economic model. Georgieva told Reuters in an interview that China’s growth could fall …
IMF’s Georgieva says China can no longer rely on exports for growth Read More »
BEIJING/SHANGHAI (Reuters) -China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets. The People’s Bank of China (PBOC) said in a statement on its website on Friday that it urged financial institutions to boost credit support for …
China urges swift implementation of expansive financial policies Read More »
By Kane Wu, Makiko Yamazaki and Anton Bridge TOKYO/HONG KONG (Reuters) -Fuji Soft founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S. buyout fund Bain Capital’s takeover bid for the Japanese software developer. Bain made a binding offer on Oct. 11 to buy Fuji Soft …
Fuji Soft founder backs buyout by Bain over KKR offer, letter says Read More »
By Ananda Teresia and Idrees Ali JAKARTA (Reuters) – The first time Prabowo Subianto lost a presidential bid, he claimed there had been “massive” fraud. The second time, the former special forces commander initially said he did not accept the election results, but later joined the winner’s cabinet. Prabowo dominated this years’ presidential election, his …
Who is Prabowo Subianto, incoming president of Indonesia? Read More »
