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  • Indian economy breaks slump, growing 6.3% in second quarter

    NEW DELHI -- India's gross domestic product expanded by 6.3% in the July-September quarter, according to official data released Thursday, indicating that businesses have begun to recover from the move last year to ban high-value currency bills and t

    December 1, 2017 01:52 am JST
  • Reliance Com creditor group to oppose bank's bankruptcy push

    MUMBAI -- Reliance Communications said on Thursday that a core committee of creditors to the Indian wireless carrier has decided to oppose China Development Bank's insolvency petition, in which it is seeking to recover around $2 billion. In a late e

    December 1, 2017 01:26 am JST
  • Indian shares drop in line with Asia ahead of GDP data

    MUMBAI (NewsRise) -- Indian shares fell on Thursday after an overnight selloff in U.S. technology stocks rattled Asian markets, and as investors braced for September-quarter gross domestic product data at home.Caution stemming from the expiry of mon

    November 30, 2017 08:34 pm JST
  • Tech companies lead Nikkei Asia300 lower after Nasdaq slide

    MUMBAI (NewsRise) -- Asian stocks outside of Japan slumped Thursday, as regional technology companies fell, tracking an overnight selloff in their U.S. counterparts.The Nikkei Asia300 Index declined 1.5% to 1,381.03. South Korea's Samsung Electronic

    November 30, 2017 08:14 pm JST
  • Nikkei launching new index for Asian corporate investment on Dec. 11

    TOKYO -- Nikkei Inc. on Dec. 11 will begin publishing the Nikkei Asia300 Investable Index in an effort to make Asia's leading companies more accessible to investors.Retail investors will be able to buy in via investment trusts and other instruments

    November 30, 2017 04:30 pm JST
  • India's Sunil Bharti Mittal pledges $1 billion for education

    NEW DELHI Indian telecom tycoon Sunil Bharti Mittal is donating 10% of his family's wealth, or some 70 billion rupees ($1.08 billion), to fund education for the underprivileged. A substantial part of that amount will be used to set up and run a scie

    November 30, 2017 10:00 am JST
  • One of China's biggest developers sets its sights on Thailand

    BANGKOK In a modern office block in Huay Kwang district, the team settling down to a routine Monday morning is employed by the new Thailand branch of Country Garden Holdings, China's largest property developer by contracted sales.This is the Chinese

    November 30, 2017 10:00 am JST
  • Tencent, e-commerce revenue rise boost Naspers

    JOHANNESBURG (Reuters) -- South Africa's Naspers reported a 65 percent jump in first-half profit on Wednesday, boosted by internet businesses that include the largest stake in China's Tencent Holdings and narrower losses from its e-commerce assets.N

    November 30, 2017 05:16 am JST
  • Beijing leaves Indian telecom partner on the dance floor

    MUMBAI -- Shares of Reliance Communications continued sliding Wednesday on reports that China Development Bank filed an insolvency case against the Indian telecom carrier, but it remains unclear whether the dispute over a loan once hailed as the "dr

    November 30, 2017 03:56 am JST
  • Nestle to challenge Indian state's order that alleges Maggi noodle unsafe

    MUMBAI (NewsRise) -- Nestle India said it would challenge an order issued by authorities in a northern Indian state, which alleged that the Swiss food giant's popular Maggi noodle was unsafe for consumption due to high level of ash content.The order

    November 29, 2017 09:55 pm JST
  • India shares decline as investors await GDP data

    MUMBAI (NewsRise) -- Indian shares edged lower on Wednesday, as caution ahead of the nation's September-quarter gross domestic product data overshadowed bargain buying in select stocks.The benchmark BSE Sensex fell 0.1%, or 15.83 points, to close at

    November 29, 2017 09:12 pm JST
  • Nikkei Asia300 Index falls as North Korea tests another missile

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday as investors digested news of North Korea's latest missile test.The Nikkei Asia300 Index declined less than 0.2% to 1,401.62North Korea tested an intercontinental ballistic missile ea

    November 29, 2017 08:18 pm JST
  • Reliance Com lenders to discuss Chinese bank's bankruptcy push

    MUMBAI -- Lenders to Reliance Communications are likely to meet as early as this week to discuss China Development Bank's attempt to have the wireless carrier declared bankrupt, a source close to the situation said, deepening the uncertainty ahead o

    November 29, 2017 01:29 am JST
  • Heavy debt raises interest-rate risk for emerging economies

    TOKYO -- Years of accommodative monetary policy may have kept the world economy growing, but it has also increased risk, an intergovernmental think tank warned in its most recent economic outlook on Tuesday.The Organization for Economic Cooperation

    November 28, 2017 09:42 pm JST
  • India shares record first fall in nine sessions

    MUMBAI (NewsRise) -- Indian shares fell for the first time in nine sessions on Tuesday, as a lack of fresh triggers prompted investors to take profits in Infosys and Reliance Industries.The BSE Sensex declined 0.3%, or 105.85 points, to end at 33,61

    November 28, 2017 09:04 pm JST
  • Reliance Communications vows to solve bad debt after insolvency lawsuit

    MUMBAI (NewsRise) -- Reliance Communications said it is confident of resolving its debt crisis, after China Development Bank filed an insolvency petition against the mobile phone operator in India's top bankruptcy court.Reliance Communications, also

    November 28, 2017 09:00 pm JST
  • Nikkei Asia300 Index ends little changed after China recovery

    NEW DELHI (NewsRise) -- Asian stocks ended little changed on Tuesday as a rebound in Chinese equities outweighed losses in energy producers ahead of a meeting by the Organization of Petroleum Exporting Countries.The Nikkei Asia300 Index edged 0.03%

    November 28, 2017 08:18 pm JST
  • India's air travelers ascend to monthly record

    MUMBAI -- The Indian air travel market is growing dramatically, with such low-cost players as IndiGo and SpiceJet aggressively expanding service networks and fleets.Soaring demandTravelers flying domestic routes in India reached a monthly record of

    November 28, 2017 04:10 pm JST
  • Stephen Grenville

    Economic self-interest can fuel clean energy drive

    Southeast Asia's energy demand is expected to rise by two-thirds by 2040 -- twice the pace of overall global demand. Per capita energy use is low and there is much pent-up demand, particularly for electricity. This demand has to be met if living sta

    November 28, 2017 07:00 am JST
  • Indian shares squeeze out small gains after choppy session

    MUMBAI (NewsRise) -- Indian shares eked out small gains on Monday, outperforming most regional equity markets, as advances in lenders and Oil & Natural Gas Corp. overshadowed apparent profit taking in heavyweight stocks.The BSE Sensex added 0.1%, or

    November 27, 2017 09:42 pm JST