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  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Chinese makers offer Asia what Apple doesn't: Affordability

    BANGKOK On a recent Saturday morning, the MBK Center, a regional mecca for electronic gadgets in the heart of the Thai capital, was crowded with young technology buffs. Just days earlier, Apple had unveiled its iPhone X, but despite the worldwide bu

    September 21, 2017 10:00 am JST
  • Tata Steel hopes Thyssenkrupp joint venture will end European woes

    MUMBAI -- India's largest private sector steelmaker Tata Steel has entered an agreement with Germany's Thyssenkrupp, eyeing cost savings of up to 600 million euros ($720.2 million) per year through integration.The talks that have been ongoing for ov

    September 20, 2017 10:50 pm JST
  • India shares little changed as Investors look for clues in Fed policy

    MUMBAI (NewsRise) -- Indian shares were little changed on Wednesday as investors awaited the U.S. Federal Reserve's monetary policy decision before making fresh bets.The benchmark BSE Sensex declined 0.01%, or 1.86 points, to close at 32,400.51, whi

    September 20, 2017 09:24 pm JST
  • India slashes call connection fees, Reliance Jio a winner

    MUMBAI (NewsRise) -- An unexpectedly deep cut to interconnection fees paid by mobile operators in India threatens to add to the problems of established players such as Bharti Airtel, Vodafone India and Idea Cellular while benefiting their archrival,

    September 20, 2017 08:11 pm JST
  • Tata Steel, Thyssenkrupp agree to forge Europe's No. 2 steelmaker

    FRANKFURT (Reuters) -- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal.The deal will

    September 20, 2017 06:30 pm JST
  • Biggest Asian workforces underprepared for digital future: survey

    HONG KONG -- The economies of China, India and Indonesia are digitizing fast, but their populations may not be well equipped to reap the benefits of a world experiencing rapid globalization, urbanization and technological innovation, according to a

    September 20, 2017 01:25 am JST
  • India shares fall as investors turn cautious before Fed policy

    MUMBAI (NewsRise) -- Indian shares edged lower on Tuesday after a subdued trading session, with the Nifty index retreating from a record as investors turned cautious ahead of the U.S. Federal Reserve's policy review.The benchmark BSE Sensex declined

    September 19, 2017 09:25 pm JST
  • ICICI Lombard's $888 million India IPO oversubscribed

    MUMBAI (NewsRise) -- ICICI Lombard, the general insurance unit of India's top private lender ICICI Bank, saw its 57 billion-rupee ($888 million) initial public offering getting oversubscribed on the last day of the sale, as investors continue to bet

    September 19, 2017 09:15 pm JST
  • Ford eyes tie-up with India's Mahindra on EVs, sales

    MUMBAI -- Ford Motor and India's Mahindra & Mahindra look to form a strategic alliance that may see them cooperate on electric vehicles and emerging-market sales, the automakers announced Monday. Mahindra and Ford will form special teams that will

    September 18, 2017 11:57 pm JST
  • Indian shares advance as Nifty hits record amid upbeat Asia markets

    MUMBAI (NewsRise) -- Indian shares rose Monday, with the Nifty index closing at a record, as investors tracked gains across the region amid easing geopolitical tensions over North Korea.The benchmark BSE Sensex advanced 0.5%, or 151.15 points, to 32

    September 18, 2017 09:22 pm JST
  • Google introduces mobile payment service for India

    MUMBAI (NewsRise) -- Alphabet Inc.'s Google has launched an India-specific mobile payments service called Tez, as the technology giant seeks to tap into the swelling base of internet users in one of the fastest-growing smartphone markets in the worl

    September 18, 2017 09:11 pm JST
  • Malaysia's Axiata unit to rely more on debt to fund growth

    KUALA LUMPUR (Nikkei Markets) -- edotco Group, the telecommunication infrastructure unit of Malaysia's Axiata Group, may rely more on debt to fund future expansion and finance acquisitions instead of raising fresh capital, its chief executive said M

    September 18, 2017 08:58 pm JST
  • Bangalore startup engineers urban forests

    BANGALORE -- Close by a diesel locomotive shed at Krishnarajapura in eastern Bangalore, a dense forest of 2,000 trees is growing.Huddled together in just 600 sq. meters, the 10-month-old trees have an average height of 1.8 meters. But this is no ord

    September 18, 2017 03:42 pm JST
  • Modi government puts Air India sale on runway in divestment push

    MUMBAI -- India took the next step in Prime Minister Narendra Modi's ambitious plans for privatizing state-run companies, inviting applications Thursday from investment bankers, financial institutions and others to advise the government on selling a

    September 18, 2017 03:29 pm JST
  • Asia foreshadows rise of Chinese smartphones as iPhone X unveiled

    BANGKOK -- On Saturday morning the MBK Center, a regional electronic gadget Mecca in the heart of the Thai capital, was crowded with young technology buffs after the unveiling of the iPhone X, the latest smartphone model from Apple. Yet despite the

    September 18, 2017 01:00 pm JST
  • Indian shares post modest gains as Axis Bank, Sun Pharma advance

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Thursday, helped by gains in private lender Axis Bank and Sun Pharmaceutical Industries.The benchmark BSE Sensex index gained 0.2%, or 55.52 points, to 32,241.93, while the broader Nifty

    September 14, 2017 09:15 pm JST
  • India's technology workers look to unions to stem job losses

    BANGALORE -- Recent layoffs across India's $150 billion information technology industry have left software engineers feeling insecure and looking at ways to protect their jobs.On Aug. 20, hundreds of IT employees in Bangalore got together to form th

    September 14, 2017 07:08 pm JST
  • India shares end little changed as refiners slump, erasing early gains

    MUMBAI (NewsRise) -- Indian shares ended little changed on Wednesday, erasing most of the initial advances, as a selloff in state-owned fuel marketing companies offset gains in Reliance Industries.The BSE Sensex ended up less than 0.1% to 32,186.41,

    September 13, 2017 09:54 pm JST
  • SBI Life Insurance to raise $1.3 billion from India IPO

    MUMBAI (NewsRise) -- India's SBI Life Insurance Co. plans to raise as much as 84 billion rupees ($1.30 billion) this month in what could be the largest initial public offering in the south Asian nation in seven years.The share sale of SBI Life -- a

    September 13, 2017 09:43 pm JST