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  • India bank fraud raises doubts over financial controls

    MUMBAI -- The $1.8 billion alleged fraud at India's second-largest public sector bank, Punjab National Bank, has raised serious concerns over inadequate controls and inefficiencies within the Indian banking sector, just as the government continues i

    February 15, 2018 08:59 pm JST
  • India shares advance tracking US equity gains

    MUMBAI (NewsRise) -- Indian shares rose Thursday, tracking an overnight rally on Wall Street. Punjab National Bank extended losses following its revelation of what could be the biggest fraud in the nation's banking sector.The BSE Sensex advanced 0.4

    February 15, 2018 08:58 pm JST
  • Bharti Airtel plans to list African unit to build war chest

    MUMBAI (NewsRise) -- Bharti Airtel plans a global listing of its African unit as India's largest mobile phone carrier seeks to beef up its war chest amid stifling price competition at home.The mobile phone company, backed by billionaire Sunil Mittal

    February 15, 2018 08:56 pm JST
  • Nikkei Asia300 Index rises as Wall Street recovery continues

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, as a faster-than-expected U.S. inflation data did little to derail the recovery in global equity markets.The Nikkei Asia300 Index advanced 1.1% to 1,445.81. Trading was subdued with H

    February 15, 2018 08:34 pm JST
  • J.J. Robinson

    Maldives crisis risks fueling India-China confrontation

    The political stalemate in the Maldives risks drawing China and India into conflict unless the tiny Indian Ocean island nation quickly receives international help to address the roots of the tensions besetting it.The fight involves all the men who h

    February 15, 2018 03:33 pm JST
  • Rising baht and falling output to curb Thai rice exports

    BANGKOK -- A stronger baht and smaller harvest are expected to curb Thai rice exports this year, potentially causing the country to miss its 2018 target of 9.5 million metric tons, according to the Thai Rice Exporters Association.The 2018 rice expor

    February 15, 2018 12:30 pm JST
  • Greece looks beyond China for Asian partners

    ATHENS Greece wants to deepen its relations with Asian nations, but its deputy prime minister says that with China flexing its financial muscle in Europe, the cash-strapped country faces a delicate balancing act.While Greece wants a closer relations

    February 15, 2018 10:00 am JST
  • Unrest in the Maldives is becoming a proxy fight for China and India

    NEW DELHI Political turmoil in the Maldives is threatening to become a major flashpoint between India and China as the regional giants support opposite sides in a fraught and rapidly evolving situation.Known for its beach resorts, the Maldives is a

    February 15, 2018 10:00 am JST
  • Indian bourses suddenly end overseas data exchanges

    NEW DELHI/MUMBAI Indian stock exchanges will stop licensing products and data to overseas bourses, a move that has sparked concerns in Singapore and elsewhere about market access and potential trading disruptions.The Indian exchanges made the decisi

    February 15, 2018 10:00 am JST
  • Unilever India echoes parent's threat to pull Facebook, Google ads

    MUMBAI -- Hindustan Unilever is following its parent, global consumer goods brand Unilever, by threatening to pull advertisements from online platforms such as Facebook and Google for failing to weed out unreliable and harmful content.The move is si

    February 14, 2018 11:17 pm JST
  • Indian bank PNB says detects $1.77 bln worth of fraudulent transactions

    MUMBAI (Reuters) -- Indian state-run Punjab National Bank said on Wednesday it had detected some "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai.The bank said in a regulatory filing the transacti

    February 14, 2018 11:12 pm JST
  • Sun Pharma's third-quarter profit slumps 75% on lower sales, U.S. tax changes

    MUMBAI (NewsRise) -- Sun Pharmaceutical Industries reported a 75% slump in third-quarter net profit, as declining sales and a one-time expense related to changes in tax laws in the U.S. weighed on India's largest drug maker.Consolidated net profit f

    February 14, 2018 09:56 pm JST
  • Tata Power profit beats forecasts on renewable energy business

    MUMBAI (NewsRise) -- Tata Power, India's largest electricity producer in the private sector, reported a better-than-expected third-quarter profit, aided by a surge in income from its renewable energy business.For the quarter ended in December, Tata

    February 14, 2018 09:33 pm JST
  • Nikkei Asia300 Index gains ahead of key US inflation data

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Wednesday ahead of the release of a keenly watched U.S. inflation data. Upbeat economic reports from Malaysia and Singapore boosted the appetite for equities.The Nikkei Asia300 Index rose 1

    February 14, 2018 08:57 pm JST
  • India shares fall as tighter bad-debt rules drag down banks

    MUMBAI (NewsRise) -- Indian shares declined Wednesday, weighed by losses in lenders after the country's central bank tightened rules for resolution of bad debts.The BSE Sensex, opening after a day's break, dropped 0.4% to 34,155.95 and the Nifty 50

    February 14, 2018 08:49 pm JST
  • Singapore shares fall as key lenders decline, Malaysia stocks gain

    KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Wednesday, dragged down by United Overseas Bank and Oversea-Chinese Banking Corp. after quarterly earnings.Malaysian equities edged higher after better-than-expected economic growth data.Singapo

    February 14, 2018 07:29 pm JST
  • China hits back at ex-Maldives president's 'land grab' claim

    BEIJING -- Chinese Foreign Ministry spokesman Geng Shuang on Tuesday lambasted former Maldives President Mohamed Nasheed's allegation that Beijing is taking over the island nation in the Indian Ocean, calling it "absolutely false."Geng also told rep

    February 14, 2018 04:08 pm JST
  • India's Motherson Sumi posts 2.6% quarterly profit increase

    NEW DELHI -- Indian auto component supplier Motherson Sumi Systems on Tuesday reported a 2.6% year-on-year rise in consolidated net profit for the quarter ending December, to 5.62 billion rupees ($87.5 million).The flagship company of Samvardhana Mo

    February 14, 2018 03:12 pm JST
  • Cover story

    Enemies of the state -- why the press in Southeast Asia is under attack

    BANGKOK/MANILA -- Myanmar has closed off an entire section of the country to reporters. Cambodia is shutting down news organizations. The Philippine president has casually discussed murdering journalists. And the Thai government has suggested the pr

    February 14, 2018 02:30 pm JST
  • ArcelorMittal enters bidding duel for India's Essar Steel

    MUMBAI -- ArcelorMittal, the world's biggest steelmaker, has offered to acquire India's struggling Essar Steel, pitting the multinational against a Russian-led group as of Monday in bidding for the debt-laden company.Essar Steel, a member of India's

    February 14, 2018 03:19 am JST