Reuters Asia

India monetary policy has to remain actively disinflationary, says RBI chief

By Una Galani and Peter Thal Larsen DAVOS, Switzerland, Jan 17 (Reuters) – Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. “When inflation is still above 5.5%, rather close to 6%, our …

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India’s Sun Pharma to buy remaining stake in Israeli unit Taro for about $348 million

(Reuters) – India’s Sun Pharmaceutical Industries Limited said on Wednesday it would buy all the shares of Taro Pharmaceutical Industries it does not already own for $43 per share in cash, effectively taking full control of its unit. Sun Pharma’s offer amounts to about $347.8 million, as per Reuters calculations, with the per share value …

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Exclusive-Half of Japan firms look at restructuring to boost performance

TOKYO (Reuters) – Around half of Japanese firms are looking at reviewing or restructuring their businesses to boost corporate value, including acquisitions, a Reuters survey showed, amid a push for companies to improve governance. The survey results are the latest sign of concrete actions companies in the world’s third-largest economy are looking to take to …

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Weak data, limited stimulus keep investors away from China

By Tom Westbrook SINGAPORE (Reuters) -China’s patchy economic growth and a renewed slump in home sales have redoubled investors’ resolve to steer clear of the country’s markets, sending shares tumbling as foreigners quit in the absence of fresh policy support. Gross domestic product growth was 5.2% for 2023, hitting Beijing’s target and market expectations. But …

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Japan’s Mizuho hunting for deals to bolster asset management business

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Mizuho Financial Group is in talks with overseas asset managers about deals as the major Japanese banking group looks to more than double its assets under management to $1 trillion within 10 years, a senior executive told Reuters. Mizuho, which has about 70 trillion yen ($474.71 billion) …

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Taiwan reports first major Chinese military activity after election

By Ben Blanchard and Michael Martina TAIPEI (Reuters) -Taiwan’s defence ministry said it detected 18 Chinese air force planes operating around Taiwan and carrying out “joint combat readiness patrols” with Chinese warships on Wednesday, the first large-scale military activity after the Taiwanese election. China, which views Taiwan as its own territory, has over the past …

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