Category: Asia Pacific
India’s Bank of Baroda stops clearing payment for above-cap Russian oil
Reuters Reuters exclusively reported that India’s Bank of Baroda (BOB.NS) has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, a move that could expedite transition to a rupee trade mechanism. Some Indian refiners were paying in the United Arab Emirates dirham currency for Russian low-sulphur…
Read MoreIndia’s milk imports soar as disease hits local cattle stock
Reuters Reuters was the first to reveal that India’s milk product imports are rising and the country is planning to allow duty-free imports. Milk prices in the world’s biggest producer have risen at their fastest rate in a decade, reaching a record high due to lumpy skin disease in cows and a drawdown in market-ready…
Read MoreIndia regulator probing some Adani offshore deals for possible rule violations
Reuters Reuters exclusively reported that India’s capital market regulator, which is investigating the Adani group, has zeroed in on transactions between its companies and offshore entities linked to promoter Gautam Adani’s brother for possible violations of rules. These transactions should have been reported under India’s ‘related party transaction’ rules but were not. Reuters is the…
Read MoreRussia shifts to Dubai benchmark in Indian oil deal
Reuters Reuters exclusively reported that Russia’s largest oil producer Rosneft (ROSN.MM) and India’s top refiner Indian Oil Corp (IOC.NS) agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India. The larger volumes and change in Russian oil pricing highlight closer ties between Moscow and India, which…
Read MoreElon Musk plans China visit, seeks meeting with premier
Reuters Reuters exclusively revealed that Tesla (TSLA.O) Chief Executive Elon Musk is making plans to visit China – his first since the COVID-19 pandemic – and is seeking a meeting with China’s Premier Li Qiang. The post Elon Musk plans China visit, seeks meeting with premier appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/elon-musk-plans-china-visit-seeks-meeting-with-premier/
Read MoreChinese lithium producers set price floor as demand evaporates
Reuters Reuters exclusively reported that China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate in an effort to slow a plunge in the price of the battery raw material. The post Chinese lithium producers set price floor as demand evaporates appeared first on…
Read MoreVietnam’s Vincom Retail in stake sale talks with strategic investors
Reuters Sources exclusively revealed to Reuters that Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors. The post Vietnam’s Vincom Retail in stake sale talks with strategic investors appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/vietnams-vincom-retail-in-stake-sale-talks-with-strategic-investors/
Read MoreReuters exclusively reports that India resists calls for more air access in the drive to be a global aviation force
Reuters Reuters exclusively uncovered that India is resisting pressure from foreign airlines to increase traffic rights, while encouraging domestic carriers to venture into long-haul flights. Additionally, Reuters reported on tensions brewing among foreign airlines prompted by Air India’s dramatic expansion. The post Reuters exclusively reports that India resists calls for more air access in the…
Read MoreNissan’s electric comeback stalled by Ariya production woes
Reuters Reuters exclusively revealed that Nissan Motor Co’s (7201.T) new Ariya electric vehicle has been hampered by problems at its high-tech production line, slowing delivery of a car designed to put the automaker on the road to a comeback. The post Nissan’s electric comeback stalled by Ariya production woes appeared first on Reuters News Agency.…
Read MoreShenzhen bourse taps intelligence tech firm as China battles capital market fraud
Reuters Reuters exclusively reported that the Shenzhen Stock Exchange has sought help from an intelligence technology firm to detect fraud and vet listings as China adopts high-tech weaponry against crime and corruption in its bid to attract investors. The post Shenzhen bourse taps intelligence tech firm as China battles capital market fraud appeared first on…
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