Reuters Asia

Binance to face off against US securities regulator in court

By Chris Prentice, Jody Godoy and Hannah Lang (Reuters) -Binance is due to square off against the U.S. Securities and Exchange Commission (SEC) in a Washington courtroom next week, in another high-profile hearing involving the agency and a crypto exchange that could define how cryptocurrencies are regulated. The world’s largest crypto exchange previously asked federal …

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China set to leave lending benchmark LPRs unchanged – poll

SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a key policy rate unchanged. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month after 18 designated commercial …

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India’s market regulator probing three IPOs for inflating subscriptions

MUMBAI (Reuters) -India’s market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received, its chairperson said at an event on Friday. The Securities and Exchange Board of India (SEBI) is working on measures to curtail such malpractices, Madhabi Puri Buch said at an event in Mumbai, without mentioning …

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Indian regulators mull exemptions for recent AIF investment rules – sources

By Jayshree P Upadhyay (Reuters) – India’s central bank and market regulator are considering exemptions to recently tightened rules for bank investments in alternate investment funds (AIFs) due to their unintended consequences, three sources with direct knowledge of the matter said. Last month, the Reserve Bank of India (RBI) ruled that banks and non-bank lenders …

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Boeing sees no delays to plane deliveries to India because of MAX 9 issues

By Aditi Shah and Rishika Sadam HYDERABAD, India (Reuters) -Boeing expects no meaningful delays of plane deliveries to India because of the MAX 9 issues even as it intensifies quality scrutiny of its 737 jets production programme, a top company executive said on Friday. An incident where a cabin panel on a 737 MAX 9 jet blew out shortly after …

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Pakistan tells Iran it wants to build trust after tit-for-tat strikes

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan expressed its willingness to work with Iran on “all issues” in a call between their foreign ministers on Friday after both countries exchanged drone and missile strikes on militant bases on each other’s territory. The tit-for-tat strikes by the two countries are the highest-profile cross-border …

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Indian stock market open for trading on Saturday, closed on Monday

MUMBAI (Reuters) -The Indian stock market will have a full trading session on Saturday, Jan. 20, the Bombay Stock Exchange said in a circular on Friday. The trading session will take place during regular hours in the equity, securities, lending and borrowing (SLB) and equity derivatives segments, the exchange said. Trading across equities, debt and …

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ICBC to pay $32.4 million to US regulators over AML lapses, supervisory information disclosure

WASHINGTON (Reuters) – The Industrial and Commercial Bank of China Ltd and its New York branch will pay $32.4 million in penalties for the unauthorized use and disclosure of confidential supervisory information, the Federal Reserve announced Friday. The Fed said the joint action, taken with New York’s Department of Financial Services (NYDFS), came after the …

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India PM Modi says won’t be long before Boeing makes aircraft in India

By Shivansh Tiwary BENGALURU (Reuters) – India will not have to wait too long for a Boeing aircraft that is designed and manufactured in the subcontinent, Prime Minister Narendra Modi said at the inauguration of the planemaker’s engineering center in Bengaluru on Friday. The Boeing India Engineering & Technology Center (BIETC) in the capital city …

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