TAIPEI (Reuters) – Taiwan’s ministerial Cabinet submitted its customary post-election joint resignation on Thursday, but is widely expected to be asked by President Tsai Ing-wen to stay on in a caretaker role until May when the new president takes power. The ruling Democratic Progressive Party (DPP) won Saturday’s presidential election, but lost its majority in …
Taiwan Cabinet submits customary post-election resignation Read More »
JAKARTA (Reuters) – Indonesia’s presidential candidates have pledged to strengthen the government’s anti-corruption agency, laying out their plans ahead of the country’s Feb. 14 election, to counter pervasive graft in Southeast Asia’s largest economy. The candidates’ promises, made at a dialogue late on Wednesday, come as experts bemoan a slowdown in the country’s fight against …
Indonesia presidential hopefuls pledge to boost troubled anti-graft agency Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open largely unchanged on Thursday, with an eye on the rise in U.S. Treasury yields after robust U.S. retail sales data prompted further moderation of bets on aggressive rate cuts by the Federal Reserve. Non-deliverable forwards indicate the rupee will open at around …
Rupee eyes steady open even as upbeat data drives US yields higher Read More »
By Farah Master HONG KONG (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term growth prospects. China’s population aged 60 and over reached 296.97 million in 2023, about 21.1% of its total population, …
Explainer-Why are there concerns about China’s pension system as its population ages? Read More »
By Lewis Jackson SYDNEY (Reuters) – Indebted Chinese developer Country Garden has agreed to sell a stake in an Australian residential project, the latest in a series of sales which bring it closer to a complete exit from the country. Australian subsidiary Risland had agreed to sell its partial interest in most of the Wilton …
China’s Country Garden nears full exit from Australia with residential project sale Read More »
SYDNEY (Reuters) – Australia on Thursday rejected comments by China’s ambassador seeking to deflect blame from China’s navy for the injury of Australian military divers in an incident near Japan in November. Prime Minister Anthony Albanese said he was “not swayed” by Chinese ambassador Xiao Qian’s comment a day earlier that a Chinese navy ship …
Australia rejects China comments on sonar incident Read More »
TOKYO (Reuters) -Japan’s core machinery orders fell more than expected in November, data showed on Thursday, underscoring uncertainty about domestic and global economic outlook. Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, fell 4.9% in November from the previous month, Cabinet …
Japan Nov machinery orders fall more than expected Read More »
By una galani and Peter Thal Larsen MUMBAI (Reuters) -The Reserve Bank of India would like to see inflation come down to 4% on a durable basis before it is ready to pivot on monetary policy, Governor Shaktikanta Das said in an interview with Reuters at the World Economic Forum in Davos. Following are the …
India cenbank governor’s comments at World Economic Forum in Davos Read More »
By David Shepardson WASHINGTON (Reuters) – SK Battery America exposed employees at a U.S. battery plant to unsafe levels of nickel and other metals, and faces $75,000 in fines, the U.S. Labor Department said on Wednesday. The department’s Occupational Safety and Health Administration (OSHA) cited SK Battery America with six serious violations, a subsidiary of …
SK Battery America exposed workers to health hazards -US Labor Dept Read More »
BEIJING (Reuters) -China and the Philippines agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regards to issues around the South China Sea, according to a statement from the Chinese foreign ministry. China Assistant Foreign Minister Nong Rong and Philippines Foreign Ministry undersecretary Theresa Lazaro held a frank …
China, Philippines seek better communication, management of conflicts in South China Sea Read More »
