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  • 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
  • Nikkei Asia300 Index extends gains as Wall Street recovers

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan advanced for a second day as a global equity selloff sparked by a pullback in U.S. equities last week abated.The Nikkei Asia300 Index rose 1.1% to 1,414.30 on Tuesday, extending Monday's 0.6% adv

    February 13, 2018 08:23 pm JST
  • Maldives faces Chinese 'land grab' over unpayable debts, ex-leader warns

    COLOMBO, Sri Lanka -- Massive debts threaten to force the Maldives to cede territory to China as early as 2019, former President Mohamed Nasheed said, warning that a flawed presidential election this year would lead to a Chinese takeover of the isla

    February 13, 2018 04:45 am JST
  • India's central bank announces new bad-loan-resolution framework

    MUMBAI (Reuters) -- India's central bank late on Monday tightened its rules around bank loan defaults, seeking to push more large loan defaulters toward bankruptcy courts and abolishing half a dozen existing loan-restructuring mechanisms, in its lat

    February 13, 2018 04:23 am JST
  • Indian bourses end data sharing with foreign rivals

    NEW DELHI/MUMBAI -- The surprise move by Indian stock exchanges to stop licensing products and data to overseas bourses has sparked concerns in Singapore and elsewhere over market access and potential trading disruptions.The Indian exchanges made th

    February 13, 2018 01:33 am JST
  • GAIL India third-quarter profit rises 28% on rising natural gas sales

    MUMBAI (NewsRise) -- GAIL India, the nation's largest natural gas distributor, said third-quarter profit jumped 28%, aided by a surge in sales of natural gas and liquid hydrocarbons.Net income for the quarter ended in December stood at 12.62 billion

    February 12, 2018 10:05 pm JST
  • India passenger vehicle sales rise 7.6% in January on SUV demand

    MUMBAI (NewsRise) -- Passenger vehicle sales in India grew 7.6% in January as sustained demand for sport-utility vehicles outweighed the declining interest in small cars.According to data from industry group Society of Indian Automobile Manufacturer

    February 12, 2018 09:23 pm JST
  • India shares advance on positive U.S. cues

    MUMBAI (NewsRise) -- Indian equities rose Monday, as positive U.S. cues helped offset a slide in the nation's largest lender's shares after it reported an unexpected quarterly loss.The BSE Sensex advanced 0.9% to 34,300.47 and the Nifty 50 Index cli

    February 12, 2018 09:06 pm JST
  • Nikkei Asia300 Index rebounds after U.S. equities gain

    MUMBAI (NewsRise) -- Asian stocks outside of Japan, tracking a recovery in U.S. equities, rebounded Monday, even as investors braced for more volatility this week.The Nikkei Asia300 Index advanced 0.6% to 1,398.82, after slumping 7.5% in the previou

    February 12, 2018 08:57 pm JST
  • India faces bumpy electric vehicle ride

    GREATER NOIDA, India -- Thousands of Indians crowded into the biennial Auto Expo near New Delhi in early February as carmakers showcased their latest products and technology. The Indian car market is the world's fastest growing based on estimates th

    February 12, 2018 03:00 pm JST
  • Singapore Exchange shares tumble 8% on earnings worries after India move

    SINGAPORE (Reuters) -- Shares in Singapore Exchange Ltd (SGX) fell 8 percent in early trade on Monday, on concerns its earnings will be hurt after an unexpected move by India's three main bourses to stop licensing products and data to foreign exchan

    February 12, 2018 11:32 am JST
  • Emerging markets see biggest portfolio outflow in 14 months

    TOKYO -- Emerging markets suffered last week their biggest net portfolio outflows since the 2016 U.S. presidential elections, with Asia taking the biggest hit, data from the International Institute of Finance shows.Investors pulled out $5.2 billion

    February 12, 2018 01:17 am JST
  • Hitachi aims to double sales in India in five years

    NEW DELHI -- Japanese electronics maker Hitachi plans to increase sales of its Indian operations to more than 300 billion yen ($2.75 billion) by the year through March 2022, President Toshiaki Higashihara told The Nikkei in an interview during a vis

    February 11, 2018 12:50 am JST
  • Indian bourses to stop licensing index, stock prices to foreign exchanges

    MUMBAI (Reuters) -- India's three main stocks exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country.Foreign ma

    February 10, 2018 06:18 am JST
  • Bad loans hurt Indian state banks, push SBI to surprise Q3 loss

    MUMBAI (Reuters) -- State Bank of India, the nation's top lender by assets, reported a surprise third-quarter net loss on higher bad-loan provisions and lower trading income, but it said it expected an improvement in performance in the next financia

    February 10, 2018 05:35 am JST