Reuters Asia

Factbox-How companies are responding to attacks on ships in the Red Sea

(Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companies to reroute their vessels. The U.S. and Britain launched air strikes against …

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Philippines’ submarine purchase still under consideration – armed forces’ spokesperson

MANILA (Reuters) – The Philippines is still considering whether to acquire its first-ever submarine, the country’s armed forces’ spokesperson said on Thursday, a move that would boost its naval capabilities as it shifts its focus towards external defence. “We’re considering acquiring a submarine, but these discussions are subject to careful evaluation,” Colonel Francel Margareth Padilla, …

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Pope meets Vietnam political delegation, wants to visit the country

By Philip Pullella VATICAN CITY (Reuters) – Pope Francis met a delegation from Vietnam’s Communist Party on Thursday and the Vatican’s foreign minister said the pontiff was keen to visit the Southeast Asian country in the wake of upgraded relations. The meeting followed a private audience between the pope and Vietnamese President Vo Van Thuong …

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India must sustain growth momentum, secure at least 7% growth in FY25 -RBI bulletin

By Swati Bhat MUMBAI (Reuters) – India must aim to sustain the current growth momentum and secure a real GDP growth of at least 7% next fiscal year in an environment of macroeconomic stability, the Reserve Bank of India said in its monthly bulletin released on Thursday. “In India, potential output is picking up with …

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India’s Tata Technologies to invest $1.8 billion in Telangana state

BENGALURU (Reuters) – Tata Technologies will invest 150 billion rupees ($1.80 billion) in the Indian state of Telangana to set up government-affiliated skilling centres, the state government said on Thursday. The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a …

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India IndusInd Bank sees margins largely flat “going forward”

By Sethuraman N R and Siddhi Nayak BENGALURU (Reuters) -India’s IndusInd Bank said on Thursday it expects net interest margin (NIM) remaining largely flat “going forward,” helped by its loan portfolio. The bank’s NIM – the difference between interest obtained on loans and interest paid on deposits expressed as percentage – edged up to 4.29% …

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Indonesia’s Prabowo keeps strong lead in election poll but runoff looms

By Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Indonesian presidential candidate Prabowo Subianto has a commanding lead but is stagnating in popularity just a few weeks out from next month’s election, an opinion poll showed on Thursday, raising the chance of a second-round runoff in June. The world’s third-largest democracy holds an election on …

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Russia calls on Iran and Pakistan to show ‘maximum restraint’, embrace diplomacy

MOSCOW (Reuters) – Russia’s foreign ministry on Thursday called on Iran and Pakistan to show maximum restraint and solve their differences through diplomacy or risk playing into the hands of those who would like to see the region descend into chaos. Moscow spoke out after Pakistan said it had used killer drones and rockets to …

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India cenbank sold net $1.9 billion in spot forex market in Nov –bulletin

MUMBAI (Reuters) – The Reserve Bank of India (RBI) sold $1.93 billion, on a net basis, in the spot foreign exchange market in November, data released on Thursday as part of the central bank’s monthly bulletin showed. The RBI said it purchased nearly $35 billion and sold $36.9 billion. In October, the central bank had …

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