Reuters Asia - Squid Business

South Korea prepares financial package for stock investors, small businesses

SEOUL (Reuters) – South Korea’s government said on Wednesday it plans to implement a package of financial policies to support stock investors and small business owners squeezed by high interest rates. The financial support measures come three months ahead of the country’s general elections and as the president holds a series of policy discussion forums …

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US attacks Houthi anti-ship missiles, vessel hit in Red Sea

By Idrees Ali, Dmitry Zhdannikov and Phil Stewart WASHINGTON/DAVOS (Reuters) -The U.S. military carried out new strikes in Yemen on Tuesday against anti-ship ballistic missiles in a Houthi-controlled part of the country as a missile struck a Greek-owned vessel in the Red Sea. Attacks by the Iran-allied Houthi militia on ships in the region since …

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India plans budget incentives for low-cost housing ahead of elections: sources

By Manoj Kumar NEW DELHI (Reuters) – India plans to announce an extension to Prime Minister Narendra Modi’s flagship federal housing scheme in next month’s budget and an increase in available subsidies for low-cost housing loans, three sources said, ahead of elections this year. Finance Minister Nirmala Sitharaman, who will present an interim budget on …

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South Korea, US to start defence cost talks early, before US elections -media

By Hyonhee Shin SEOUL (Reuters) -South Korea and the United States have agreed to start early talks on how to share the cost of keeping U.S. forces in the country in a bid to reach a deal before the possible reelection of Donald Trump as president, local media reported on Tuesday. Trump, who has emerged …

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Oil steadies as stronger dollar counteracts Red Sea disruptions

By Shariq Khan NEW YORK (Reuters) -Oil prices were little changed on Tuesday, pressured as the dollar jumped to its highest in a month but supported by jitters about the impact to energy supplies from escalating tensions in the Middle East. Global benchmark Brent crude futures rose 14 cents, or 0.2%, to settle at $78.29 …

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Pakistan says Iran violated airspace, killing two children

By Gibran Naiyyar Peshimam KARACHI/DUBAI (Reuters) – Pakistan said neighbouring Iran has violated its airspace resulting in the death of two children, hours after Iranian state media said missiles targeted two bases of militant group Jaish al Adl on Tuesday. Islamabad warned that the incident could have “serious consequences” and was “completely unacceptable” in a …

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Canada clamps down on researchers with ties to China, Iran, Russia

OTTAWA (Reuters) – Canada on Tuesday clamped down on researchers affiliated with a list of mainly China-based universities to stop them working on subjects deemed sensitive or critical to Canadian national security. In measures Ottawa said were aimed at shielding advanced and emerging technologies, government grants will not be provided to researchers with links to …

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Gold dips over 1% as dollar, yields rise on hawkish remarks by Fed’s Waller

By Anushree Ashish Mukherjee (Reuters) – Gold prices fell over 1% on Tuesday, pressured by a firmer dollar and higher U.S. Treasury yields after Federal Reserve Governor Christopher Waller’s hawkish remarks on interest rate cuts this year, but safe-haven buying limited bullion’s downside. Spot gold was down 1.3% at $2,027.26 per ounce as of 2:36 …

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Target seeing some disruption of India supplies due to Red Sea crisis

By Siddharth Cavale NEW YORK (Reuters) -U.S. retailer Target is experiencing some disruptions of shipments from India and Pakistan, a big region for apparel manufacturing, due to the crisis in the Red Sea, a source familiar with the matter told Reuters on Friday, calling the effect “minor” overall. The company has faced delays in receiving …

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North Korean minister lauds ‘comradely’ ties with Russia, meets Putin in Kremlin

By Guy Faulconbridge MOSCOW (Reuters) -North Korea’s foreign minister lauded comradely ties with Russia on Tuesday and then held rare talks in the Kremlin with President Vladimir Putin, who has been invited by Kim Jong Un to visit the reclusive nuclear-armed country. The Kremlin said on the Telegram messaging app that North Korea’s Choe Son …

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