By Nikunj Ohri NEW DELHI (Reuters) -The Indian government held talks on the state of its economy with Moody’s Investors Service on Friday and pitched for a ratings upgrade, two officials said. Moody’s rates India at the lowest investment grade of “Baa3” with a “stable” outlook, similar to those assigned by S&P and Fitch at …
India talks economy with Moody’s, pitches for ratings upgrade – sources Read More »
(Reuters) -Micron Technology on Friday warned of a bigger hit to revenue from a Chinese ban on sale of its chips to key domestic industries, sending the memory chipmaker’s shares down about 2%. The company said it now expects an impact on about half of its revenue from China-headquartered firms, which equates to a low-double-digit …
Micron warns of bigger revenue hit from China ban Read More »
BRUSSELS (Reuters) – U.S. Defense Secretary Lloyd Austin expressed optimism on Friday that he would eventually hold talks with his Chinese counterpart after being snubbed by Beijing during an event in Singapore earlier this month. “I’m confident that, over time, that’s going to happen. We’re going to meet at some point in time. But we’re …
Pentagon chief expresses optimism over eventual talks with Chinese counterpart Read More »
By Christoph Steitz, Andreas Rinke and Sarah Marsh FRANKFURT/BERLIN (Reuters) -A Chinese delegation led by Premier Li Qiang will meet Germany’s top CEOs next week as part of a visit to Europe, hoping to strengthen ties at a time when Berlin is pursuing a strategy to lessen its economic dependence on Beijing. The meetings highlight …
Chinese delegation to meet with Germany’s top corporate brass next week Read More »
By Sarah El Safty, Shivangi Acharya and Nadine Awadalla CAIRO/NEW DELHI (Reuters) – India is weighing a proposal to begin barter trade in goods like fertiliser and gas with Egypt as part of a wider deal that could see New Delhi extending a credit line worth several billion dollars to Cairo, sources told Reuters. An …
India weighs barter trade with crisis-hit Egypt in credit line talks – sources Read More »
By Charlotte Greenfield (Reuters) -The Taliban’s acting governor of the Afghan central bank met China’s ambassador this week to discuss banking relations and business, the bank’s spokesperson told Reuters on Friday. Afghanistan’s banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development …
Taliban’s central bank governor meets Chinese envoy to discuss banking ties Read More »
By Andres Gonzalez LONDON (Reuters) – Spanish company Cepsa is considering the sale of a chemical plant in Shanghai as the oil and gas company pivots to a greener strategy across its various business lines, according to three sources familiar with the situation. A sale would see Cepsa’s exit from China and comes after the …
Mubadala’s Cepsa mulls sale of chemical plant in China -sources Read More »
By Sumit Khanna and Sudipto Ganguly AHMEDABAD, India (Reuters) -Early warnings, accurate identification of vulnerable areas and timely evacuations helped India to avert major casualties from cyclone Biparjoy, which battered the west coast near Pakistan late on Thursday, authorities said. Biparjoy, which means ‘calamity’ in Bengali, hit the state of Gujarat with speeds of up …
India limits cyclone casualties with early warnings, timely evacuation Read More »
BEIJING (Reuters) – China has urged Britain to stop “political manipulation” and interference in its internal affairs, according to a foreign ministry fax sent to Reuters on Friday. The comments came after British foreign minister James Cleverly earlier this week called China’s sanctioning of British parliamentarians “deplorable”. “The British side unlawfully sanctioned Chinese personnel based …
China urges UK to stop ‘political manipulation’ over lawmaker sanctions Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan will scrutinise the effects and side-effects of its unconventional monetary policy tools deployed during a 25-year battle with deflation in a scheduled long-term review, Governor Kazuo Ueda said on Friday. Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations …
BOJ to weigh pros and cons of its tool-kit in review -governor Read More »
