Reuters Asia - Squid Business

India’s JSW Energy posts higher Q3 profit on demand boost, lower fuel costs

BENGALURU (Reuters) – India’s JSW Energy reported a jump in third-quarter profit on Tuesday, helped by greater power demand and lower fuel costs. India’s electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand. The country’s average peak demand during the quarter increased 13.8% year-on-year to …

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Indian adhesive maker Pidilite’s Q3 profit jumps on strong demand, lower costs

BENGALURU (Reuters) – India’s Pidilite Industries posted a nearly 68% jump in third-quarter profit on Tuesday, the adhesive maker’s biggest year-over-year growth in nine quarters, driven by sustained demand and easing costs. Consolidated net profit rose to 5.10 billion rupees ($61 million) in the October-December period from 3.04 billion rupees a year earlier, the maker …

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Thai hotel giant Minor expects tourist arrivals to exceed govt target

By Chayut Setboonsarng BANGKOK (Reuters) -Thai hospitality giant Minor International expects foreign tourist arrivals to exceed 34 million, beating the government’s forecast, as Chinese travelers return, the company’s chairman told reporters on Tuesday. Tourism is a key driver of Southeast Asia’s second-largest economy. This year the government is forecasting 33.5 million foreign arrivals. “The steps …

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China undergoes rare scrutiny of rights record at UN meeting

By Emma Farge GENEVA (Reuters) -China underwent scrutiny of its human rights record at a U.N. meeting on Tuesday, with mostly Western countries calling for protections for Xinjiang Uyghurs and greater freedom in Hong Kong which Beijing dismissed as guidance based on lies. The review at the U.N. in Geneva is the first since the …

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Powerful earthquake strikes Kyrgyzstan-China border, killing 3

BEIJING (Reuters) -A magnitude 7.1 earthquake struck the Kyrgyzstan-Xinjiang border region on Tuesday, leading to the collapse of homes and killing at least three people and injuring five, Chinese state media reported. China’s Earthquake Administration said rescue efforts were underway, coordinated with the Office of the Earthquake Relief Headquarters and the Ministry of Emergency Management. …

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Philippines Marcos says does not endorse Taiwan independence, seeks to avoid conflict

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr said he does not endorse Taiwan independence and reiterated his country was committed to its One-China policy, a response to China’s outrage over recent remarks in congratulating Taiwan’s election winner. Marcos said in an interview with GMA News TV aired on Tuesday that his congratulatory comment to …

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India’s Tata Elxsi posts Q3 profit rise on strength in transportation segment

(Reuters) – Indian design and technology services company Tata Elxsi reported a 6% rise in third-quarter profit on Tuesday, helped by healthy demand in its transportation segment. The company’s net profit rose to 2.06 billion rupees ($24.78 million) for the quarter ended Dec. 31 from 1.95 billion rupees a year ago. Revenue from operations rose …

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Japan’s Tepco tests drones for wrecked nuclear plant in decommissioning first

TOKYO (Reuters) – Japanese nuclear power plant operator Tokyo Electric Power Company wrapped up testing on Tuesday of the first drones to be deployed to the wrecked Fukushima Daiichi plant in its decades-long decommissioning process. A snake-shaped robot and four drones are set to be dispatched in February to survey the damage at Fukushima Daiichi’s …

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China weighs stock market rescue package backed by $278 billion – Bloomberg News

(Reuters) – Chinese authorities are considering measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday citing people familiar with the matter, drawing a sceptical response from underwhelmed investors. Policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from offshore accounts of state-owned enterprises, as part of a stabilisation fund …

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Philippines’ Marcos says constitution should be changed to fit ‘globalised world’

MANILA (Reuters) – Philippines President Ferdinand Marcos Jr said the country’s constitution needs to be amended because it was “not written for the globalised world”. Marcos, in an interview with GMA News TV aired on Tuesday, said the economic provisions of the 1987 constitution, which was introduced a year after the overthrow of his father …

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