Reuters Asia - Squid Business

Tuvalu expected to review Taiwan ties after election – minister

By Kirsty Needham SYDNEY (Reuters) – Tuvalu expects to review its diplomatic ties with Taiwan after Friday’s election, Finance Minister Seve Paeniu told Reuters, adding voters in the tiny Pacific Island nation wanted more financial support from the international community for climate change and development. Tuvalu, threatened by rising seas, is one of three remaining …

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Thai central bank chief rejects talk of ‘crisis’, says gov’t stimulus won’t fix economy

By Orathai Sriring, Devjyot Ghoshal and Kay Johnson BANGKOK (Reuters) -Thailand’s central bank chief, under fire from the prime minister for not cutting rates, said slower-than-expected economic growth was not a crisis as portrayed by the government, nor would it be revived by its quick-hit stimulus measures. The Bank of Thailand’s current policy rate is …

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Samsung Elec considering leasing Russia factory – media

SEOUL (Reuters) – Samsung Electronics is considering leasing its TV factory in Russia, South Korean media reported on Wednesday, after various global companies stopped sales or paused business in Russia since its 2022 invasion of Ukraine. Samsung is considering leasing its TV and monitor factory in Kaluga, Russia, Yonhap news agency and other media reported …

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Japan Jan factory activity languishes, but service sector picks up – PMI

TOKYO (Reuters) – Japan’s factory activity shrank for the eight consecutive month in January amid weak demand, but the service sector saw strong gains as new business picked up, a private business survey showed on Wednesday. The au Jibun Bank flash Japan manufacturing purchasingmanagers’ index (PMI) was little changed at 48.0 in January from a …

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U.S. lawmakers arrive in Taiwan in post-election show of support

By Patricia Zengerle WASHINGTON (Reuters) – The leaders of the U.S. House of Representatives Taiwan Caucus, Republican Representative Mario Diaz Balart and Democratic Representative Ami Bera, have arrived in Taipei, their offices said on Tuesday, in a show of support after the island’s election. The two members of Congress plan to engage with senior officials …

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Magnitude 5.67 aftershock strikes Kyrgyzstan-Xinjiang border

(Reuters) – An earthquake of magnitude 5.67 struck the Kyrgyzstan-Xinjiang border region on Wednesday, just a day after a magnitude 7.1 quake in the same area, the German Research Center for Geosciences (GFZ) said. On Tuesday, a magnitude 7.1 earthquake struck the same region. Chinese state media said that quake led to the collapse of …

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Gold edges up as traders eye cues on US rate cuts

By Anushree Ashish Mukherjee (Reuters) – Gold prices inched higher on Tuesday, as investors awaited a slew of U.S. economic data this week for more cues to the Federal Reserve’s timeline for interest rate cuts. Spot gold was up 0.2% to $2,025.09 per ounce by 2:00 p.m. ET (1900 GMT). Gold futures settled 0.2% higher …

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Pakistan to deploy army for election security – statement

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan will deploy the army to ensure peace at its general election next month, the prime minister’s office said, amid concerns that recent attacks by Islamist militants could threaten the holding of the Feb. 8 polls. The military’s deployment at the polling stations has been controversial in the past, …

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Soccer-Stimac bemoans lack of strikers after India suffer worst Asian Cup showing in 40 years

AL KHOR, Qatar (Reuters) – India produced their worst Asian Cup performance in 40 years after losing all three of their group matches without scoring as head coach Igor Stimac bemoaned the lack of centre forwards who could step up for the national team in Qatar. India became the second team after China to finish …

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India’s Bharti Airtel prepays $1 billion to partly clear 2015 spectrum dues

BENGALURU (Reuters) – Bharti Airtel has prepaid 83.25 billion rupees ($1.00 billion) to the Indian government’s telecom department to partly clear deferred liabilities for airwaves it acquired in a 2015 auction, it said late on Tuesday. The payment had an interest rate of 10%, India’s second-biggest telecom services operator by subscribers said in an exchange …

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