Reuters Asia - Squid Business

Japan’s wholesale inflation flat in December, eases pressure on BOJ

By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation was flat in December from a year earlier, slowing for the 12th consecutive month, underscoring the central bank’s view that cost-push pressure from rising raw material prices will steadily dissipate. The data indicate that rises in consumer inflation will moderate in coming months, and take pressure off …

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Blackstone to expand private equity headcount in Singapore in Southeast Asia push

By Yantoultra Ngui, Kane Wu and M. Sriram SINGAPORE/HONG KONG/MUMBAI (Reuters) – Blackstone Inc, the world’s largest alternative asset manager, will double its private equity business headcount in Singapore within the next two years, a top executive said, as it looks to tap into a growing number of deals in Southeast Asia. The expansion in …

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Marketmind: Japan’s equity juggernaut rolls on

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Another day, another leap to a fresh 34-year peak. Is there anything that will stop the Japanese equity juggernaut? There isn’t much on the Asian economic and policy calendar to give markets a steer on Tuesday – volume will pick up …

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Azerbaijan arrests journalist, charges another as press crackdown continues

BAKU (Reuters) – Azerbaijani police on Monday arrested one journalist and ordered pre-trial detention for another, the latest reporters to face legal trouble since a crackdown on the country’s independent media that began in November. The organisation Reporters without Borders (RSF) ranks Azerbaijan 151st of 180 countries in its World Press Freedom Index. Shahin Rzayev, …

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India cuts windfall tax on petroleum crude

(Reuters) – India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a government notification on Monday. The cut will be effective from Jan. 16, the order said. On Jan. 2, the government had lifted the windfall tax on petroleum crude oil to 2,300 …

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Taiwan loses ally Nauru, accuses China of post-election ploy

By Kirsty Needham and Yimou Lee SYDNEY/TAIPEI (Reuters) -Taiwan lost one of its few remaining diplomatic allies Nauru to China on Monday, just days after it elected a new president, and accused China of attempting to pressure it while it affirmed the will of Taiwanese to go out into the world. China claims Taiwan as …

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Toy manufacturers’ shift from China is no child’s play

By Richa Naidu LONDON (Reuters) – Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract. “They said if you can get into toy manufacturing, now …

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Gold rises as safe-haven demand, rate cut bets keep prices elevated

By Anjana Anil (Reuters) – Gold prices advanced on Monday, as the metal’s appeal was boosted by safe-haven demand owing to tensions in the Middle East, while markets raised bets that the Federal Reserve will cut rates as soon as March. Spot gold was up 0.2% at $2,052.10 per ounce, as of 10:34 a.m. ET …

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Dense fog disrupts flights, trains in Indian capital

NEW DELHI (Reuters) -Dense fog and cold enveloping large swathes of the northern part of India disrupted flights and train service in the country’s capital New Delhi for a second day on Monday. At least 463 flights leaving Delhi were delayed and 87 flights were cancelled on Monday, according to aviation website Flightradar24. More than …

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Toyota aims to produce about 10.3 million vehicles globally in 2024 – Nikkei

TOKYO (Reuters) -Toyota Motor plans to produce about 10.3 million vehicles globally in 2024, renewing its record annual production for the second consecutive year, the Nikkei reported on Monday. Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei …

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