BRASILIA (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will meet with China’s visiting Foreign Minister Wang Yi on Friday afternoon in the northeastern Brazilian city of Fortaleza, a presidential spokesperson said on Thursday. Wang, on a tour of African nations, Brazil and Jamaica, is in Brasilia for two days of meetings at the …
Brazil’s Lula to meet Chinese foreign minister on Friday Read More »
NEW DELHI (Reuters) – India’s NMDC Ltd, the country’s largest state-owned iron ore miner, on Thursday said it has no plans to sell iron ore to China and it is scaling up production to meet domestic demand. Reuters reported on Wednesday that the federal government had turned down a request from the company to export …
India’s NMDC says it has no plans to export iron ore to China Read More »
By Aditi Shah HYDERABAD, India (Reuters) – Lufthansa is pulling flight capacity from other countries to meet booming travel demand in India, which is now the German airline’s fastest-growing major market, Chief Commercial Officer Heiko Reitz said on Thursday.Lufthansa’s flight capacity to India is 14% higher than pre-COVID levels, even as it has yet to …
Lufthansa pulling flight capacity from other countries to meet booming India demand Read More »
BENGALURU (Reuters) – India’s Shoppers Stop reported a third consecutive fall in quarterly profit on Thursday as consumers spent less on clothes and cosmetics amid elevated prices. Net profit fell 41% to 368.5 million rupees ($4.43 million) in the three months ended Dec. 31, the department store operator said in an exchange filing. India’s inflation …
India’s Shoppers Stop posts third straight fall in quarterly profit Read More »
BENGALURU (Reuters) – India’s Metro Brands, which sells shoes from brands including Fila, Crocs and Mochi, reported its fourth straight drop in quarterly profit on Thursday, hurt by high inventory costs amid slowing sales growth. The company’s net profit fell 12.6% to 978.1 million rupees ($11.8 million) in the October-December quarter, missing analysts’ estimate of …
Indian footwear retailer Metro Brands’ Q3 profit hit by slowing sales Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka vowed to continue an anti-narcotics campaign that has seen more than 35,000 people detained over the last few weeks despite concerns raised by multiple rights groups, top officials said on Thursday. Sri Lankan police have detained 38,525 people since the operation – code-named “Yuktiya” or “Justice” – …
Sri Lanka to continue drug crackdown despite rights group concerns – minister Read More »
By Mei Mei Chu BEIJING (Reuters) -China on Thursday approved additional varieties of genetically modified soybeans and corn for import and production while expanding their planting areas nationwide, as part of a drive to improve food security and reduce imports. The agriculture ministry approved the domestic production of six more varieties of genetically modified corn, …
China’s embrace of GMO crops gains momentum with new import, planting approvals Read More »
By Anushree Fadnavis and Rupam Jain ROHTAK, India (Reuters) -Thousands of men queued in India’s northern state of Harayana during a recruitment drive to send workers to Israel, where the offensive in Gaza, now in its fourth month, has caused a shortage of labour. Masons, painters, electricians, plumbers and some farmers said they were looking …
Indian workers seek jobs in Israel, undeterred by conflict Read More »
By Ariba Shahid and Karin Strohecker KARACHI/LONDON (Reuters) -An escalation of geopolitical tension between Pakistan and neighbouring Iran on Thursday sent ripples through Pakistan’s bonds and stocks, and raised the spectre of more pressure on the country’s struggling economy. Pakistan conducted strikes inside Iran, targeting separatist Baloch militants two days after Tehran said it had …
Iran tensions rattle Pakistan stocks, bonds, raise economic woes Read More »
By Selena Li HONG KONG (Reuters) – China has granted six foreign banks licences allowing them to act as lead underwriters for debt issues in China, as it admits more foreign players into the country’s fast growing renminbi-denominated onshore debt market. Credit Agricole, HSBC and Standard Chartered obtained “type A” licences, allowing them to lead …
China allows more foreign banks to play lead role in debt underwriting Read More »
