Reuters Asia

Indian equity benchmarks slip as Fed rate trajectory worries hit IT stocks

By Hritam Mukherjee and Kashish Tandon (Reuters) -India’s benchmark equity indexes fell on Monday, as uncertainty about the U.S. interest rate trajectory beyond the reduction expected this week weighed on IT companies, while metal stocks fell after underwhelming economic data from top consumer China. The Nifty 50 ended down 0.4% at 24,668.25 points, while the …

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US case against India’s Gautam Adani appears strong but extradition unlikely, experts say

By Luc Cohen NEW YORK (Reuters) – The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.  Federal prosecutors in Brooklyn last month unsealed an indictment …

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Inside South Korea’s right-wing YouTube world openly embraced by Yoon

By Ju-min Park and Tom Bateman SEOUL (Reuters) – When South Korean President Yoon Suk Yeol cited claims of election hacking and “anti-state” pro-North Korean sympathisers as justification for imposing a short-lived martial law, right-wing YouTuber Ko Sung-kook had heard it before. In fact, Ko had made the same claims himself many times to the …

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Japan’s MUFG Bank apologises for safe deposit box thefts, vows better compliance

By Anton Bridge TOKYO (Reuters) – The CEO of MUFG Bank apologised on Monday for the theft by a former employee of more than 1 billion yen ($6.5 million) in customer assets from safe deposit boxes and promised better compliance measures. The banking arm of Mitsubishi UFJ Financial Group said the employee used a spare …

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US sanctions targets include former SriLankan Airlines CEO over Airbus deal

WASHINGTON (Reuters) – The U.S. State Department announced a slew of sanctions on Monday to mark International Anti-Corruption Day and the eve of Human Rights Day, targeting individuals from multiple countries, including the former CEO of SriLankan Airlines over Airbus purchases. Also targeted were North Macedonia’s former deputy prime minister, Artan Grubi, as well as Enver …

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China’s plans for large new London embassy rejected by local officials

LONDON (Reuters) – China’s plans for a new large embassy in London were rejected by local officials on Monday on the grounds it could pose a security risk to nearby residents, putting pressure on the national government to reject the planning application. The Chinese government purchased Royal Mint Court, a historic site near the Tower …

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India’s market regulator warns against trading in unlisted securities via unauthorised platforms

BENGALURU (Reuters) – India’s markets regulator on Monday warned investors against making transactions with unauthorised electronic platforms offering unlisted securities of public companies. The Securities and Exchange Board of India (SEBI), in a press release, said certain electronic platforms and websites were violating rules by facilitating transactions in unlisted securities of public companies, as these …

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