By Joe Cash BEIJING (Reuters) – China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing’s commercial interests along the Suez Canal at risk. The Iran-backed Houthi militia from Yemen that seeks “Death to Israel” is challenging the ability of …
Explainer-Houthi attacks expose China’s commercial stakes in Red Sea Read More »
(Reuters) – India’s markets regulator, on Monday, proposed a relaxed framework for alternative investment funds (AIFs) and venture capital funds (VCFs) to deal with their unliquidated investments after the fund tenure expires. The Securities and Exchange Board of India (SEBI) suggested that instead of launching a new scheme to liquidate their investments, the tenure of …
India’s market regulator proposes relaxed rules for illiquid AIF investments Read More »
By Tom Wilson LONDON (Reuters) – North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug traffickers in Southeast Asia, according to a United Nations report published on Monday, with casinos and crypto exchanges emerging as key venues for organised crime. The United Nations Office of Drugs and Crime (UNODC) said …
North Korean hackers, criminals share money laundering networks in Southeast Asia – UN Read More »
BENGALURU (Reuters) – India’s Aster DM Healthcare plans to distribute to shareholders about 70%-80% of the $903 million it will get by selling its Gulf business, the hospital chain said Monday, days after a proxy advisory firm asked investors to veto the deal. Aster agreed, in November, to sell a majority stake in the Gulf …
(Reuters) – Boeing faces a fresh delay in the resumption of deliveries of 737 MAX jets to China after the mid-air blowout of a panel on an Alaska Airlines MAX 9 this month, the Wall Street Journal reported on Sunday. China Southern Airlines had been readying to receive MAX planes in January, but it plans …
Boeing 737 MAX deliveries to China face fresh delay after Alaska incident -WSJ Read More »
By Fayaz Bukhari and Shivam Patel SRINAGAR, India (Reuters) – A lack of snowfall has led to empty ski resorts and holiday cancellations in the Indian Himalayas, with scientists linking the “unusual” winter to the El Nino weather phenomenon. The dry spell in Kashmir has pushed skiers to skip the popular resort of Gulmarg, one …
No snow: Tourists cancel holidays as Indian ski resorts run dry Read More »
By Asif Shahzad ISLAMABAD (Reuters) – The party of Pakistan’s former prime minister Nawaz Sharif, considered the front-runner to win upcoming general elections, launched its campaign on Monday amid accusations that the military’s support is already giving him an edge over rivals. The campaign for the Feb. 8 polls, delayed since November, looks set to …
Party of Pakistan’s Ex-PM Nawaz Sharif launches election campaign Read More »
By Divya Chowdhury, Savio Shetty and VarunVyas Hebbalalu DAVOS, Switzerland (Reuters) – Hitachi India expects to contribute $20 billion in revenue to its Japanese parent by 2030, its managing director said in an interview on the sidelines of the World Economic Forum annual meeting. “India is being looked at as a global hub, especially in …
Hitachi’s Indian business expects to have $20 billion revenue by 2030 Read More »
MUMBAI (Reuters) – Indian financial technology (fintech) firms should create a self-regulatory organisation (SRO) that will ensure statutory and regulatory compliance, the Reserve Bank of India (RBI) said in a draft framework released on Monday. The body would work towards strengthening governance standards and addressing the sector’s needs and challenges, the central bank said. The …
India cenbank issues draft framework for fintech self-regulatory body Read More »
By Clare Jim HONG KONG (Reuters) -A group of banks may seek to take on the lawsuit to liquidate Chinese property developer Logan Group after the original petitioners told the court on Monday they would drop the case. The latest development came after the Shenzhen developer said on Friday it had signed an agreement with …
Chinese developer Logan’s liquidation lawsuit adjourned on potential new petitioner Read More »
