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  • World Bank says trade, manufacturing to boost 2017 global growth

    WASHINGTON (Reuters) -- The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices.The update o

    June 5, 2017 09:10 am JST
  • An animated look at how Asia has changed over 50 years

    Asia has changed considerably since the Association of Southeast Asian Nations came together as a political bloc in August 1967. But how can we get a sense of the pace and direction of that change? Inspiration comes from the Gapminder Foundation,

    June 5, 2017 08:00 am JST
  • Shangri-La Dialogue focuses on terrorism in SE Asia

    SINGAPORE -- In the wake of the Manchester and London attacks, pipe bombs in Bangkok, suicide bombings in Jakarta, and a besieged city in the southern Philippines, Southeast Asian nations harbor few doubts about the likelihood of more terrorism ahea

    June 4, 2017 09:13 pm JST
  • Nikkei Asia Prizes 2017

    Indian entrepreneur, Taiwanese virologist, Pakistani foundation honored

    TOKYO -- The architect of India's biometric national identification system, a Taiwanese virologist and Pakistan's social and welfare foundation were recipients of the annual Nikkei Asia Prizes in Tokyo on Sunday.Now in the 22nd year, the awards are

    June 4, 2017 02:30 pm JST
  • India to tax gold sales at 3%

    NEW DELHI -- Sales of gold will be taxed at 3% under a unified goods and services taxation regime that India intends to roll out on July 1, the government announced on Saturday.That is up from the current excise duty of 1%, plus at least another 1%

    June 4, 2017 01:57 am JST
  • KKR launches $9.3bn Asia fund

    TOKYO -- American investment firm Kohlberg Kravis Roberts launched one of the world's largest Asia funds on Friday, loading it with $9.3 billion in capital to invest in businesses across the continent.The fund's expected yearly yield of about 20% ha

    June 3, 2017 05:59 am JST
  • China reaches for climate leadership mantle

    TOKYO/HONG KONG -- The day after the U.S. announced its withdrawal from the Paris climate pact, Beijing expressed its willingness to step in and champion the cause.The Chinese government "attaches high importance" to the climate change issue, Foreig

    June 2, 2017 10:09 pm JST
  • Indian shares post 4th week of gains as monsoon rains arrive early

    MUMBAI (NewsRise) -- Indian shares rose to a record on Friday, capping their fourth straight week of gains, as bets that the early arrival of monsoon rains would boost farm incomes, helping spur demand across industries.On Friday, the benchmark BSE

    June 2, 2017 09:37 pm JST
  • Fiat Chrysler plans aggressive pricing for India-made Jeep

    NEW DELHI (NewsRise) -- Fiat Chrysler Automobiles, readying its first India-made Jeep, plans to aggressively price the sport-utility vehicle, betting that local sourcing of most of the parts will help it control costs.The Jeep Compass SUV will have

    June 2, 2017 05:08 pm JST
  • Maruti Suzuki car sales expand slower than expected in May

    NEW DELHI (NewsRise) -- Maruti Suzuki India, the nation's largest carmaker, posted a slower-than-expected sales growth in May as it stopped production of some older models.Domestic sales of Maruti cars, minivans and sport-utility vehicles last month

    June 1, 2017 10:12 pm JST
  • India shares little changed on slower-than-expected GDP growth

    MUMBAI (NewsRise) -- Indian shares ended little changed on Thursday, as banks fell following weaker-than-expected fourth-quarter economic growth while consumer stocks gained amid improved monsoon outlook.The benchmark S&P BSE Sensex declined 0.03%,

    June 1, 2017 09:21 pm JST
  • India manufacturing PMI slows 51.6 in May

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, dropped to a three-month low of 51.6 in May from 52.5 in April.A reading above 50 indicates economic expansion, while one below 50 points toward contraction."The upturn in t

    June 1, 2017 02:00 pm JST
  • Chinese automakers launch a global offensive via emerging Asia

    BANGKOK -- To get an idea of just how dramatically Asia's auto industry is changing, one need only look at Southeast Asia and India, where Chinese newcomers are looking to make inroads even as traditional heavyweights bow out.Take the recent surpris

    June 1, 2017 01:30 pm JST
  • Indian farmers cheer a 'mystery' wheat

    KOREA, India Parmeshwar Rajwade struggled for years to make a living on his small farm in Kanchanpur, a village in the Korea district of India's impoverished eastern state of Chhattisgarh. Then one day in 2013 a sales agent from a seed company hande

    June 1, 2017 10:00 am JST
  • India is an automakers' paradise -- for foreign players

    MUMBAI India boasts the world's fifth-largest auto market and a rapidly growing economy. While this should be a blessing for local carmakers, they are instead struggling to fend off intense competition from foreign rivals.Tata Motors, India's larges

    June 1, 2017 10:00 am JST
  • China, India and the global auto industry's transformation

    Zhejiang Geely Holding Group's acquisition of a 49.9% stake in Malaysian automaker Proton Holdings from DRB-Hicom is unlikely to trigger an immediate change in the Southeast Asian market overall. Japanese automakers, particularly Toyota Motor, hold

    June 1, 2017 10:00 am JST
  • Chinese automakers launch a global offensive via emerging Asia

    BANGKOK To get an idea of just how dramatically Asia's auto industry is changing, one need only look at Southeast Asia and India, where Chinese newcomers are looking to make inroads even as traditional heavyweights bow out.Take the recent surprise o

    June 1, 2017 10:00 am JST
  • India's annual GDP growth slowed to 7.1% after historic demonetization

    NEW DELHI -- India's demonetization drive that sucked 86% of cash out of circulation has most likely hurt its economy, with a government report revealing that year-on-year growth slowed to 6.1% in the January-March quarter.The data released Wednesda

    June 1, 2017 02:57 am JST
  • Nikkei Asia300's movement depends on growth, stability, U.S.

    TOKYO -- The Nikkei Asia300 Index has been rising recently. The reason is that investment capital has been flowing into Asian markets from around the world in pursuit of growth and yields. However, money can be capricious. Fear of a risk can quickly

    May 31, 2017 10:00 pm JST
  • Nikkei Asia 300 Index marks six months with 17% rise

    TOKYO -- The Nikkei Asia300 Index, tracing some 300 of Asia's must-watch listed companies, marked its first six months on Thursday with a 17% gain since its debut.The Nikkei Asia300 Index stood at 1229.14 on May 31, while the index started at 1052.9

    May 31, 2017 10:00 pm JST