Reuters Asia

Exclusive-EU investigators to inspect China’s BYD, Geely and SAIC in EV probe – source

SHANGHAI/BRUSSELS (Reuters) -European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said. The inspectors will visit BYD, Geely and SAIC, two sources said, with one of them saying …

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Offshore funds raise concerns over India’s same-day trade settlement plan

BENGALURU (Reuters) – India’s proposals for same-day settlement of securities trades will be costly for offshore funds and could fragment the market, according to a lobby group for the funds. The Securities and Exchange Board of India (SEBI) last month proposed a phased rollout of optional same-day settlement and sought views from the public before …

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India’s Wipro beats Q3 revenue estimates; sees growth in consulting

By Sai Ishwarbharath B and Nandan Mandayam BENGALURU (Reuters) -Wipro, India’s No.4 software-services exporter, reported better-than-expected revenue in the seasonally weak third quarter and highlighted early signs of a return to growth in client demand for its consulting services. The results led Wipro’s ADRs up 3.5% in pre-market trading, following signals from larger rivals Tata …

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India’s HCLTech trims full-year revenue forecast, says demand unchanged

By Haripriya Suresh BENGALURU (Reuters) -HCLTech, India’s third-largest IT services provider, sees no change in demand sentiment, its chief executive said on Friday after the company trimmed the top end of its full-year revenue forecast. Throughout last year, Indian IT companies have struggled as clients held back discretionary spending, preferring cost-oriented deals over growth-oriented ones. …

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Taiwanese pack election rallies, China vows to ‘smash independence plots’

By James Pomfret and Sarah Wu NEW TAIPEI, Taiwan (Reuters) – Hundreds of thousands of people attended final pre-election rallies in Taiwan on Friday ahead of critical presidential and parliamentary polls, as China’s defence ministry warned it would “smash any Taiwan independence plots”. Taiwan, a neighbouring island China claims as its own, has been a …

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India’s retail inflation rises to four-month high in December on higher food prices

By Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation rose at the fastest pace in four months in December, driven by a rise in prices of some food items, raising expectations that the central bank will stay away from interest rate cuts for some time. Annual retail inflation rose to 5.69% in December from …

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