President Donald Trump, declaring a national emergency because of tensions with Iran, swept aside objections from Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. Members of Congress had been blocking sales of offensive military equipment to Saudi Arabia and the United Arab...
President Donald Trump, saying there is a national emergency because of tensions with Iran, swept aside objections from Congress and cleared the sale of $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. In documents sent to Congress and seen by Reuters, Secretary of State Mike Pompeo listed a wide range of products and services...
*China premiums jump to $12- 14/ oz vs $6- 8/ oz last week. MUMBAI/ BENGALURU, May 24- Gold prices in India flipped into premiums this week on firmer demand in the domestic market, while buyers in top consumer China took advantage of weaker bullion prices and stepped up purchases. Gold futures in India, the world's second biggest bullion consumer after China, fell to 31,232...
COLOMBO, May 24- Sri Lanka is in advanced talks with India and Japan to construct a container terminal at the port in Colombo, next to a Chinese terminal built as part of Beijing's Belt and Road Initiative, government officials said. The involvement of India and Japan is the latest sign that Sri Lanka wants to neutralize the growing influence of China, which has...
NEW DELHI, May 24- Foreign companies in India have welcomed Prime Minister Narendra Modi's election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year. Modi's pro-business image and India's youthful population have lured foreign investors, with U.S. firms such as Amazon.com,...
HANOI, May 24- Facebook increased the amount of content it restricted access to in Vietnam by over 500% in the last half of 2018, the U.S. social media giant said in a report released on Friday, as the Southeast Asian country ramps up its crackdown on online dissent. The increase happened as Vietnam was tightening internet restrictions, culminating in a...
*Vietnam power demand is rising by 10 pct per year. *Vietnam power generation capacity: https://tmsnrt.rs/2WXycyB. HANOI/ SINGAPORE, May 24- Vietnam has become a hot spot for energy investors eyeing a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green.
BANGKOK, May 24- When members of the exiled Thai protest band Faiyen learned that the concrete-stuffed bodies of two Thai activists who had disappeared from Laos had been found in the Mekong River, they grew worried about their own fates. And then in February, three more Laos- based activists who were critics of Thailand's ruling junta vanished, last heard from in...
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.
The U.S. Department of Justice handed over to Ng's lawyers a "small subset" of more than 1 million documents the government is relying on to prosecute the case, said Assistant United States Attorney Drew Rolle during a hearing at a Brooklyn federal court. He was extradited on May 3 to New York from Kuala Lumpur, where he had been jailed since November.
ISLAMABAD, May 23- British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country. BA halted service to Pakistan in the wake of the 2008 Marriott Hotel bombing in the capital Islamabad that took place during a...
*10- yr bond yield hits lowest level since April 2018. MUMBAI/ BENGALURU, May 23- India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy. "Giving credence to the old adage' sell on...
NEW DELHI, May 23- From a shortage of job opportunities and a stuttering economy to tense ties with old foe Pakistan, Indian Prime Minister Narendra Modi will face a host of challenges after winning a big majority on Thursday. Modi's election victory was on the plank of national security, a campaign that gained strength in February when he sent warplanes into...
*10- yr bond yield hits lowest level since April 2018. MUMBAI/ BENGALURU, May 23- India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all the gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy. "Giving credence to the old adage' sell...
NEW DELHI/ MUMBAI/ BENGALURU, May 23- Indian Prime Minister Narendra Modi on Thursday swept to a huge election victory, giving his party a mandate to pursue policies that put Hindus first, are mainly business-friendly and take a hard line on national security. The main opposition Congress party, led by Rahul Gandhi, was leading in 52 seats. AVINASH PALIWAL, DEPUTY...
At 27, Ankiti Bose is already the CEO of online shopping site Zilingo, and on course to become the first Indian woman to co-found a $1 billion start-up.
MUMBAI/ BENGALURU/ NEW DELHI, May 23- Prime Minister Narendra Modi's party was set for a historic victory as India counted hundreds of millions of votes from its general election on Thursday. The National Democratic Alliance, led by Modi's Hindu nationalist Bharatiya Janata Party, was ahead in 324 seats, broadcaster NDTV said. SACHIN SHAH, FUND MANAGER, EMKAY...
*Other firms have targeted Indonesia and Thailand. BEIJING, May 22- China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said. Baowu is looking at the feasibility of shipping two...
*Saudi Arabia pledges to keep oil markets balanced, sustainable. SINGAPORE, May 22- Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced. However, analysts said oil markets remained tight amid supply cuts led by producer group OPEC and as political tension escalates in...
*Saudi Arabia has led supply cuts since start of the year. TOKYO/ SINGAPORE, May 22- Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced. However, analysts said oil markets remained tight amid supply cuts led by producer group OPEC and as political tension escalates in the...
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