NEW DELHI (Reuters) – The Indian government has increased the import duty on gold and silver findings, used in making jewellery, and on precious metal coins to 15% from 11%, effective from Jan. 22, to bring them in line with duties on gold and silver bars. In a notification issued on Monday, India’s Ministry of …
India raises import duty on gold, silver jewellery findings Read More »
BENGALURU (Reuters) -Shares of India’s ICICI Bank hit a record 1,059.4 rupees on Tuesday after its third-quarter profit beat estimates on robust loan growth and margins met expectations. The private lender rose as much as 5% in the session and was the sole stock posting gains on the Nifty Bank index, which was down 0.7%. …
India’s ICICI Bank hits record high on profit beat, margin comfort Read More »
By Josh Ye HONG KONG (Reuters) – China’s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares. The link to the draft rules on the National Press …
China regulator removes draft video game rules from website; shares jump Read More »
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.8% this year, a sharp downgrade from a previous projection of 3.2%, the finance ministry said in a statement on Tuesday. Gross domestic product (GDP) growth last year is seen at 1.8%, down from 2.7% seen earlier. Foreign tourist arrivals in 2024 are forecast at 33.5 …
Thailand downgrades 2024 GDP growth projection to 2.8% Read More »
KUALA LUMPUR (Reuters) – Malaysia is considering initiating legal proceedings against foreign banks linked to the multi-billion dollar 1Malaysia Development Berhad (1MDB) corruption scandal, the chairman of the 1MDB asset recovery taskforce said on Tuesday. Johari Abdul Ghani did not name the foreign banks but said they did not conduct proper due diligence before facilitating …
Malaysia considers legal proceedings against foreign banks involved in 1MDB graft Read More »
By Anant Chandak and Milounee Purohit BENGALURU (Reuters) -The Indian government will target a lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high, according to a Reuters poll of economists who said infrastructure investment would be a priority. Being an election year, when the Bharatiya Janata Party (BJP) led …
India’s interim budget to reduce fiscal deficit in election year, focus still on capex Read More »
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s economy expanded at a slightly slower pace in the final three months of 2023 compared to Q3 as elevated interest rates held back domestic demand despite higher exports, according to economists polled by Reuters. Households in Asia’s fourth largest economy, among the most indebted globally, …
South Korea’s economy likely grew at slightly slower pace in Q4: Reuters poll Read More »
BEIJING (Reuters) – China’s E Fund Management Co said it will temporarily suspend the U.S. 50 Exchange Traded Fund (ETF) on Jan. 23, according to a statement on Tuesday. “Investors are reminded to pay attention to the risk of price premium in the secondary market and may suffer significant losses if they invest blindly,” the …
China’s E Fund Management will temporarily suspend U.S. 50 ETF on Jan. 23 Read More »
(Reuters) -Tencent Holdings’ Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja. Los Angeles-based Riot, whose popular titles include “League of Legends”, said teams outside of core development will …
Tencent’s Riot Games to lay off about 11% of staff Read More »
(This Jan. 16 story has been corrected to reflect the lack of official figures for December in paragraph 6) By Steve Scherer OTTAWA (Reuters) – The number of study permits Canada issued to Indian students fell sharply late last year after India ejected Canadian diplomats who would process the permits and fewer Indian students applied …
Canada minister says study permits to students from India drop due to dispute Read More »
