DAVOS, Switzerland (Reuters) – Inflation in India is moderating and steadily approaching the central bank’s 4% target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum annual meeting. “Inflation has come under control and is within the band we have, which is 2% …
India inflation moving towards 4% target, says RBI chief Read More »
MOSCOW (Reuters) – Russian President Vladimir Putin met the Russian and North Korean foreign ministers on Tuesday, after their meeting in Moscow, Russian state news agency RIA quoted Kremlin spokesman Dmitry Peskov as saying. North Korean foreign minister Choe Son Hui’s visit comes as the two countries have drawn closer since the beginning of Russia’s …
Putin meets Russian, N Korean foreign ministers in Moscow – RIA Read More »
(Reuters) – Industrial and medical gases manufacturer INOX Air Products said on Tuesday that it has signed a memorandum of understanding with the government of Indian state Maharashtra for a green ammonia plant, which has a planned outlay of $3 billion. The project is aimed to be commissioned in 3 to 5 years and would …
India’s INOX Air Products signs MoU with Maharashtra government Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Moscow Exchange trading volume in Chinese yuan surpassed that of the U.S. dollar in 2023, the Kommersant daily reported on Tuesday, as Moscow pursues a de-dollarisation strategy in the face of Western sanctions on its financial system. Moscow is becoming increasingly dependent on Beijing and …
China’s yuan ousts dollar to become most traded currency in Moscow in 2023 Read More »
SHANGHAI (Reuters) -BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing orders for vessels to counter rising shipping costs as they boost exports. The …
BYD’s first chartered vessel sets sail with 5,000 EVs for Europe -Xinhua Read More »
BENGALURU (Reuters) – India’s ICICI Lombard General Insurance on Tuesday reported a 22.4% rise in third-quarter profit, helped by a growth in premiums and investment income. Profit after tax rose to 4.31 billion rupees (nearly $52 million) for the quarter ended Dec. 31 from 3.53 billion rupees ($42.61 million) a year earlier, the ICICI Bank …
ICICI Lombard posts 22% rise in Q3 profit as premiums climb Read More »
BEIJING (Reuters) -Chinese electric vehicle (EV) giant BYD on Tuesday launched its Xuanji smart car system, seeking to catch up with rivals with functions such as automated parking and voice recognition. BYD has been hiring software engineers to beef up its technology offering. Chairman Wang Chuanfu said at the company’s Dream Day event that BYD …
China’s BYD launches Xuanji smart car technology Read More »
COLOMBO (Reuters) – Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances. Sri Lanka is in the midst of its worst financial crisis in over seven decades which has sent the cost of living soaring …
Sri Lankan soldiers sent to key hospitals as health workers strike Read More »
By Anna Tong SAN FRANCISCO (Reuters) – Sakana AI, a Tokyo-based artificial intelligence startup founded by two prominent former Google researchers, said on Tuesday it had raised $30 million in a seed financing round led by Lux Capital, with participation from Khosla Ventures. Sakana AI seeks to put Tokyo on the map as an AI …
Top ex-Google researchers raise $30 million for Tokyo-based AI lab Read More »
TOKYO/SEOUL (Reuters) – Two aircraft belonging to Korean Air Lines and Cathay Pacific Airways clipped wings at New Chitose Airport on Japan’s northern island of Hokkaido on Tuesday amid wintry conditions, a Korean Air official said. No injuries were reported on either plane, Japanese media said. The Korean Air flight had 289 passengers and crew …
Korean Air, Cathay Pacific aircraft clip wings at Japan airport; no injuries Read More »
