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  • Nikkei Asia300 Index rises tracking U.S. stocks, rebound in regional currencies

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, after the S&P 500 index hit a record high in U.S. overnight and as regional currencies rebounded against the dollar.The Nikkei Asia300 Index advanced 0.2% to 1,291.46. However, the inde

    September 29, 2017 08:17 pm JST
  • Reliance offers its Jio customers buyback option on latest iPhones

    NEW DELHI (Reuters) -- Reliance Industries is offering to buy back from customers of its Jio telecoms unit Apple Inc's latest iPhone models after a year's usage for 70 percent of their price, a move that may boost Jio's data sales and help the U.S.

    September 29, 2017 06:38 pm JST
  • Stampede in India's financial capital kills at least 22

    MUMBAI (Reuters) -- A rush hour stampede during a sudden monsoon downpour at a railway-station in India's financial hub of Mumbai killed at least 22 people and wounded more than 30, an Indian state official said on Friday.The cause of the stampede o

    September 29, 2017 06:28 pm JST
  • Brahma Chellaney

    Democratic powers must intensify Indian Ocean cooperation

    The Indian Ocean, with its crowded and in some cases contested sea lanes, is becoming the center of international maritime rivalry, with various powers jousting for influence and advantage in the world's third largest body of water, which serves as

    September 29, 2017 04:18 pm JST
  • Staffer Pasona opens doors for Indian students at Japanese manufacturers

    MUMBAI -- Pasona Group will help Indian students pursue careers at local Japanese-owned manufacturing companies through a training and recruitment service it will launch next month with a local vocational school.Under a partnership with the Nettur T

    September 29, 2017 01:55 am JST
  • Indonesia's infrastructure developers to debut 'komodo bonds'

    JAKARTA -- Three Indonesian state-owned enterprises are planning to issue rupiah-denominated bonds overseas for the first time, testing investor appetite for the country's infrastructure sector.Toll road operator Jasa Marga, construction company Wij

    September 28, 2017 10:19 pm JST
  • India shares snap seven-day decline as banks advance

    MUMBAI (NewsRise) -- Indian shares rose Thursday, snapping a seven-session losing streak, as HDFC Bank paced gains among lenders. Short covering ahead of the expiry of monthly derivative contracts also spurred advances.The benchmark BSE Sensex index

    September 28, 2017 09:25 pm JST
  • Nikkei Asia300 Index falls on losses in airline stocks

    MUMBAI (NewsRise) -- Asian shares outside of Japan fell Thursday, as airline stocks extended losses and a proposed U.S. tax cut boosted the dollar.The Nikkei Asia300 Index shed 0.6% to close at 1,288.56. The H-shares of China Eastern Airlines and Ch

    September 28, 2017 08:42 pm JST
  • Darjeeling strike ends, but tea leaves unlikely in market before April

    NEW DELHI -- A three-and-a-half month general strike demanding a separate state in the eastern Indian tea producing region of Darjeeling ended Wednesday after local authorities and residents reached a settlement.The agreement, brokered by the nation

    September 28, 2017 06:30 pm JST
  • Nicholas Spiro

    Emerging Asia investors may finally be turning more cautious

    Despite the dramatic escalation of tensions on the Korean peninsula and the resolve of the U.S. Federal Reserve to withdraw monetary stimulus, Asian government debt is still benefitting from hefty inflows. This year's cumulative inflows are already

    September 28, 2017 01:00 pm JST
  • Enigmatic potters gear up for West Bengal's most important religious festival

    A Kumar takes a break from relentless work in front of the clay goddesses he just finished sculpting. When completed, the figures are taken out of the sweatshops and exposed in the sun to dry. (Photo by Kit Yeng Chan)

    KOLKATA -- In a cramped, humid and dimly lit sweatshop, a row of giant women, each with 10 arms lie in wait. The bare walls are so narrow that their limbs lock into each other, shining under a solitary naked light bulb swinging overhead.A man wrappe

    September 28, 2017 10:31 am JST
  • Engineering forests in the heart of cities

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

    September 28, 2017 10:00 am JST
  • Tata Steel's venture with Thyssenkrupp, a pragmatic matchup

    MUMBAI After two-and-a-half years of talks, India's Tata Steel has entered an agreement with Germany's Thyssenkrupp in an integration that could create cost savings of up to 600 million euros ($718 million) per year.The companies have agreed to set

    September 28, 2017 10:00 am JST
  • India shares fall for seventh day as selloff from foreign investors continues

    MUMBAI (NewsRise) -- Indian shares fell for a seventh day on Wednesday, the longest losing streak in nine months, as foreign investors continued to sell the nation's equities amid a falling rupee.The benchmark BSE Sensex index declined 1.4%, or 439.

    September 27, 2017 09:54 pm JST
  • Nikkei Asia300 Index little changed as Fed, North Korea fears weigh on sentiment

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan ended little changed on Wednesday, as lingering geopolitical tensions and concern the U.S. Federal Reserve may raise interest rates damped investor sentiment.The Nikkei Asia300 Index of som

    September 27, 2017 08:47 pm JST
  • With Digibank app, Singapore's DBS takes on Alipay

    SINGAPORE -- DBS Group Holdings is expanding its reach in emerging Asian economies with its banking app, Digibank, taking on the likes of internet giants such as Alibaba Group Holding hoping to capture a fast-growing universe of mobile users.Victor

    September 27, 2017 07:53 pm JST
  • Interview

    Fed normalization will not be problem for Asia, ADB says

    HONG KONG -- Asia is set to take U.S. Federal Reserve moves toward monetary-policy normalization in stride, according to Asian Development Bank Chief Economist Yasuyuki Sawada."The Fed has been very clear in communicating with the market about its m

    September 27, 2017 07:21 pm JST
  • India takes a ride with e-rickshaws

    MUMBAI/NEW DELHI -- With many global automakers pressing ahead with fuel-saving, low-polluting electric cars, India is taking a niche route that may be more suited to its own market -- electric rickshaws.Popularly known as the "Toto," an e-rickshaw

    September 27, 2017 03:54 pm JST
  • India's smaller cities take bigger share of startup boom

    BANGALORE -- After struggling to find affordable office space in Mumbai, India's financial hub, Sarabdeep Singh decided to move his startup company more than 1,500km north to Mohali, a town with a population of 176,000 in the state of Punjab.Singh,

    September 27, 2017 02:00 pm JST
  • Brother of SoftBank's Son backing Indian agriculture startups

    MUMBAI -- Taizo Son, an entrepreneur and youngest brother of SoftBank Group founder Masayoshi Son, plans to support Indian startups that specialize in food and agriculture, eyeing the country's soaring food demand.Mistletoe, a Japanese startup suppo

    September 27, 2017 05:34 am JST