From Fast Food To Autos, India's Digitally Connected Users Lure Investors
Vahia is one among India's young and aspirational 1.4 billion population, whose propensity for online spending has attracted global companies and digital platforms.
Ukraine's Zelenskiy: Situation 'Especially Hot' In Bakhmut
The founder of Russia's Wagner mercenary force, Yevgeny Prigozhin, said his troops had raised a Russian flag on the administrative building in the city.
Analysis-Israel's Tech Sector Reels From SVB Collapse, Proposed Judicial Reform
Nicknamed "Startup Nation", Israel's economy has ridden a wave of tech success with a sector that employs just 10% of the country's workforce accounting for around 15% of economic output, more than half of exports and a quarter of tax income.
HSBC Asia Spin-off, Dividend Proposals In Focus At Hong Kong Shareholder Meet
Hundreds of the Asia-focused lender's individual investors are set to attend the so-called informal shareholders meet in an exhibition centre in the Kowloon Bay district with Chairman Mark Tucker and Chief Executive Noel Quinn.
Asia's Factory Activity Weakens As Global Demand Falters
The reading, which echoed slower growth in an official PMI released on Friday, put the index at the 50-point line that separates growth from contraction.
OPEC+ Announces Surprise Oil Cuts; US Calls Move Inadvisable
The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday.
Saudi Arabia To Invite Syria's Assad To Arab Leaders Summit
Saudi Foreign Minister Prince Faisal bin Farhan will travel to Damascus in coming weeks to hand Assad a formal invitation to attend the summit scheduled for May 19, two of the sources said.
Indian States Likely To Fall Short Of Spending Targets, Posing Growth Risk - Economists
Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending growth in 2023-24, are likely to fall short of their targets posing a risk to economic growth, experts said.
China Rolls Over $2 Billion loan To Pakistan As It Struggles With External Liquidity
Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.
Asia M&As Drop To Decade Low As Tumultuous Backdrop Deters Dealmaking
The value of deals involving Asian companies totalled $176 billion in the first quarter of 2023, 34% less than in the same period of 2022 and the lowest since 2013, Refinitiv data showed.
UAE President Names Son Abu Dhabi Crown Prince, Brothers To Top Roles
This appeared to further centralise power in Abu Dhabi, which is the political capital by virtue of its immense oil wealth, of the UAE federation of seven emirates. Dubai is the Gulf's business and tourism hub.
OPEC+ Unlikely To Tweak Oil Policy In Monday Talks - Delegates
Three other OPEC+ delegates also said any policy changes were unlikely on Monday. After those talks, the next full OPEC+ meeting is not until June.
Israel Is On 'Rampage' Against Human Rights, New HRW Chief Says
A planned overhaul of the judiciary by Israel's religious-nationalist government would be "a disaster" for human rights, HRW Executive Director Tirana Hassan told Reuters.
Russia Bid To 'Weaponize Energy' On Blinken Agenda At NATO Meet
Russia cut off most gas supplies to Europe in the months following its February 2022 invasion of Ukraine - squeezing supply and triggering record-high prices.
Russia's Isolation Over Ukraine Grows With US Reporter Arrest, NATO Expansion
Ukrainian President Volodymyr Zelenskiy spoke in his Thursday evening video address of the "tremendous path" his country had taken in 400 days of resistance since Russia's invasion on Feb. 24, 2022.
Asian Shares Ride High In Q1 But Steel For U.S. Inflation Data
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded.
Oil Down Marginally Amid Uncertainty Over Imminent US Economic Data
Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar.
Chinese Top Hotpot Chain's Overseas Unit Sees Profit This Year
Haidilao International Holding's overseas unit, Super Hi International Holding, posted revenue of $558.2 million and a net loss of $41.3 million for 2022, compared with a loss of $150.8 million in 2021.
Factbox-Asia's Carbon Pricing And Emission Trading Systems
Here is a look at some of the carbon emissions trading systems (ETS) and pricing mechanisms in Asian countries aimed at reducing greenhouse gas emissions and achieving net zero targets.
Pakistan Central Bank Seen Raising Key Rate To Record 22% As Inflation Bites
Worldwide growth in consumer prices has compounded high inflation in Pakistan caused by a weakening currency, energy tariff increases and elevated food prices due to Ramadan.
Ukraine Hits Russian-held City Deep Behind Front As Talk Of Counteroffensive Grows
Ukraine struck a railway depot and knocked out power in the Russian-occupied city of Melitopol deep behind front lines on Wednesday amid growing talk from Kyiv of a counterassault against Russian forces worn out by a failed winter offensive.
Alibaba Considers Yielding Control Of Some Businesses In Overhaul
Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).
Pakistan Awaits China's Decision On Rollover Of $2 Billion Loan -govt Source
Such a rollover is critical for Pakistan, where foreign exchange reserves have dipped to just four weeks' worth of imports, at a time when it is seeking an IMF bailout tranche of $1.1 billion.
US Senate Backs Repeal Of 'Zombie' Iraq War Authorizations, 20 Years After Invasion
President Joe Biden has said he will sign the measure if it passes both the Senate and House and reaches his desk.
Ukrainian Orthodox Worshippers Gather In Kyiv Monastery As Eviction Looms
The government says the UOC broke tenancy agreements and constructed buildings illegally. The UOC denies this and says the government has not shown it any documents proving this.
Ukraine Says Russian Forces Make Progress In Frontline City Of Bakhmut
Russian officials say their forces are still capturing ground in street-by-street fighting inside Bakhmut.
Oil Lower As Dollar Firms; Market Eyes Iraq Exports
A stronger greenback makes dollar-denominated commodities more expensive for holders of other currencies.
UN Nuclear Boss Seeks Breakthrough To Protect Ukraine's Zaporizhzhia Plant
"We are making some adjustments on the proposals that we are putting on the table," Grossi said in an interview in the central Ukrainian city of Dnipro.
Pakistan PM Says IMF Wants External Financing Commitments Met Before It Releases Funds
The lender has been negotiating with Islamabad since early February to resume $1.1 billion in funding held since November, part of a $6.5 billion bailout agreed in 2019.
Israel's Netanyahu Buys Time, But Is Still In A Fix
"Netanyahu is stuck," said his unofficial biographer, Anshel Pfeffer. "He's up against a level of opposition and protests that he never envisaged."