Today: September 21, 2024
Today: September 21, 2024

Asia

Asia|Economy|Finance

India hikes taxes on equity investments; fund managers see short-term hit

The Indian government raised the tax rate on equity derivatives trades and on capital gains from equity investments on Tuesday, which fund managers said may

India hikes taxes on equity investments; fund managers see short-term hit
Asia|Economy|Finance|Stock Markets

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

Asian stocks are mostly lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Asia|Business|Technology

Japan's Nidec lifts annual profit outlook after Q1

Japanese electric motor maker Nidec raised its full-year operating profit forecast by 4.3% on Tuesday off the back of a recovery in demand for hard drive motors, efforts to raise its

Japan's Nidec lifts annual profit outlook after Q1
Asia|Economy|Finance

India unveils incentives to create jobs in first budget after election

India will spend $24 billion in job-spurring efforts over the next five years and boost rural spending, Finance Minister Nirmala Sitharaman said on Tuesday in the 2024/25 budget, unveiled

India unveils incentives to create jobs in first budget after election
Asia|Business|Economy

Japan's chief cabinet secretary calls for broad-based wage hikes

Broadening pay hikes among smaller firms is crucial, said Japan's top government spokesperson, Yoshimasa Hayashi, underscoring the

Japan's chief cabinet secretary calls for broad-based wage hikes
Asia|Business|Economy

India keeps infrastructure spend target unchanged at record 11.11 trln rupees for 2024-25

India's federal government said on Tuesday that it will spend a record 11.11 trillion rupees ($132.85 billion) on infrastructure in the financial year ending March 2025 to support

India keeps infrastructure spend target unchanged at record 11.11 trln rupees for 2024-25
Asia|Environment

Rio Tinto class action over Bougainville mine damage set for October hearing

The first hearing date has been set in a class action against miner Rio Tinto for historical environmental and social damage caused by the Bougainville copper mine in Papua New

Rio Tinto class action over Bougainville mine damage set for October hearing
Asia|Economy|News|Political

India budget pushes jobs, rural development and raises tax on equities

India's finance minister unveiled $576 billion in spending plans in the current fiscal year on Tuesday, marginally higher than interim budget estimates, aiming to

India budget pushes jobs, rural development and raises tax on equities
Asia|Travel

Thailand records 19.6 million foreign arrivals so far this year

Thailand recorded 19.6 million foreign tourist arrivals from January to July 21 period, the Tourism Ministry said Tuesday, up 34% from the same period a year earlier.

Thailand records 19.6 million foreign arrivals so far this year
Asia

Bangladesh accepts court ruling to cut state job quotas after unrest, eases curfew

The Bangladesh government said on Tuesday it would heed a Supreme Court ruling that 93% of state jobs be open to competition,

Bangladesh accepts court ruling to cut state job quotas after unrest, eases curfew
Asia|Economy|News|Technology

Internet is still down in Bangladesh despite apparent calm following deadly protests

Bangladesh is still without internet for a fifth day and the government declared a public holiday Monday, as authorities maintained tight control despite apparent calm following a court order that scaled back a controversial system for allocating government jobs that sparked violent protests

Internet is still down in Bangladesh despite apparent calm following deadly protests
Asia|Business|Stock Markets|Technology

South Korean tech giant Kakao's founder arrested in stock price manipulation case

South Korean prosecutors have arrested the founder of the country’s tech giant Kakao Corp. on suspicion of stock price rigging during his company’s takeover of a major K-pop agency last year

South Korean tech giant Kakao's founder arrested in stock price manipulation case
Asia|Economy

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years

Singapore's key consumer price gauge rose 2.9% in June from a year earlier, lower than economists' forecasts and the lowest reading since March 2022, official data showed on

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years
Asia|Economy|Finance

China's rate cuts fail to revive iron ore and copper: Russell

China's first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would

China's rate cuts fail to revive iron ore and copper: Russell
Asia|Environment

First hatchling in captivity offers hope for Cambodia's endangered Black Marsh Turtle

The first Black Marsh Turtle hatched in captivity in Cambodia is being carefully nurtured by conservationists until it can be released back into the wild as part of a

First hatchling in captivity offers hope for Cambodia's endangered Black Marsh Turtle
Asia|Business|Economy|Finance

China firms issue record $14 billion convertible bonds as market revives

China's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates

China firms issue record $14 billion convertible bonds as market revives
Asia|Economy

China adds 6.98 million urban new jobs in first half of year

China said on Tuesday that it added 6.98 million urban new jobs in the first half of the year, according to the human resources ministry.

China adds 6.98 million urban new jobs in first half of year
Asia|Business

Philippines to start winding down operations of offshore gaming hubs

The Philippines gaming regulator will cancel the licenses of offshore gambling firms, most of them Chinese owned, and will work with law enforcement agencies

Philippines to start winding down operations of offshore gaming hubs
Asia|Economy|Finance

China's loan collateral tweak will ease 'asset famine', state media says

China's central bank's decision to lower the collateral requirement for medium-term loans will alleviate the "asset famine" pressure on the bond market, state media reported on

China's loan collateral tweak will ease 'asset famine', state media says
Asia|Business|Economy|Health

Drug giants eye China for deals despite growing Sino-US tensions

Some of the biggest global drugmakers, undeterred by mounting Sino-U.S. tensions, are scouring for deals in China to replenish drug

Drug giants eye China for deals despite growing Sino-US tensions
Asia|Economy|Stock Markets|Technology

World shares edge down, US yields fall as markets eye earnings, economic data

Global stocks edged lower after paring early gains while U.S. bond yields dropped on Tuesday as markets awaited economic data and a plethora of corporate earnings,

World shares edge down, US yields fall as markets eye earnings, economic data
Asia|News

Markets, work suspended as Typhoon Gaemi barrels towards Taiwan

Financial markets will close and people given the day off work as Typhoon Gaemi barrelled towards Taiwan on Tuesday bringing strong winds and torrential

Markets, work suspended as Typhoon Gaemi barrels towards Taiwan
Asia|Economy

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll

After more than a year of moderate expansion, South Korea's economic growth likely slowed to a near halt last quarter as higher borrowing costs held back

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll
Asia|Political

Pakistan police raid former Prime Minister Imran Khan's party office and arrest its spokesman

Pakistan's Interior Ministry says police have raided the imprisoned former Prime Minister Imran Khan’s political party office in Islamabad and arrested its spokesman for carrying out anti-state propaganda

Pakistan police raid former Prime Minister Imran Khan's party office and arrest its spokesman
Asia|Economy|News|Political

India's Modi sets aside billions for jobs, allies in post-election budget

India's government assigned billions of dollars for job creation and regions run by key coalition partners in a budget

India's Modi sets aside billions for jobs, allies in post-election budget

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