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  • India shares fall for third week as Tata Consultancy, Reliance Industries decline

    MUMBAI (NewsRise) -- Indian shares declined for a third straight week, paced by heavyweights Tata Consultancy Services and Reliance Industries.The BSE Sensex declined 0.4% and the Nifty 50 Index fell 0.3% this week, after both the indexes suffered t

    March 16, 2018 08:57 pm JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST
  • Samsonite US manufacturing plan faces labor shortage

    HONG KONG -- Samsonite's plan to relocate some of its manufacturing activities to the U.S. is facing a challenge due to a shortage of skilled workers."You can get everything but you can't get people. Without people, factories won't work," chief exec

    March 16, 2018 11:57 am JST
  • Toyo Engineering lands $753m Indian fertilizer plant contract

    TOKYO -- Japanese construction company Toyo Engineering said Thursday that it has won a contract to build a massive fertilizer plant complex in India.The order is valued at an estimated 80 billion yen ($753 million). The complex in the northern city

    March 16, 2018 06:05 am JST
  • India's PNB uncovers more fraud at troubled Mumbai branch

    MUMBAI/NEW DELHI (Reuters) -- India's Punjab National Bank (PNB) has uncovered another credit-guarantee fraud within the Mumbai branch at the centre of a similar scam worth over $2 billion, according to a complaint filed with the federal police.The

    March 16, 2018 02:41 am JST
  • Singapore Airlines has open mind on making initial bid for Air India

    NEW DELHI (Reuters) -- Singapore Airlines has an open mind about making an initial bid for a stake in state-run Air India, the head of the Singaporean carrier's India business told Reuters on Thursday.India said last week it would invite initial bid

    March 16, 2018 12:39 am JST
  • Activist hedge fund Elliott purchases Wipro stake

    MUMBAI (NewsRise) -- Wipro's stake purchase by Elliott Management, the activist U.S. hedge fund, throws spotlight on the Indian software exporter whose financial performance has trailed market expectations in recent years.The New York-based hedge fu

    March 15, 2018 09:39 pm JST
  • Nikkei Asia300 Index little changed as concerns linger over US trade policies

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Thursday as uncertainty surrounding U.S. trade polices weighed on the outlook for equities.The Nikkei Asia300 Index closed almost unchanged at 1,480.04.The losses came after

    March 15, 2018 08:49 pm JST
  • India shares decline as trade war fears damp regional markets

    MUMBAI (NewsRise) -- Indian shares edged lower on Thursday, as equities in several regional markets and the U.S. declined amid renewed trade war worries.The BSE Sensex dropped 0.4% to 33,685.54 and the Nifty 50 Index fell 0.5% to 10,360.15. Reliance

    March 15, 2018 08:46 pm JST
  • Puja Kapai

    Time to confront workplace sexual harassment in Asia

    The #MeToo movement against sexual harassment that kicked off in the U.S. is starting to gain momentum in Asia. Actresses in Hong Kong, a prosecutor in South Korea, a journalist in Japan and even factory workers in China have spoken out about their

    March 15, 2018 02:00 pm JST
  • Comment

    Pacific trade rules on digital data may already be outdated

    TOKYO -- When 11 countries from around the Pacific signed a sweeping free trade pact in Chile on March 8, it included rules touted as being geared for the 21st century, including those on digital trade, which will no doubt be key to economic growth

    March 15, 2018 01:00 pm JST
  • India scales back plans for electric car shift

    NEW DELHI Indian Prime Minister Narendra Modi's government announced in 2016 an ambitious plan to have all of the country's automobiles be electric by 2030. This goal now appears headed toward a more realistic target of 30%. However, doubts remain t

    March 15, 2018 10:00 am JST
  • Nippon Steel looks to Asia to avoid US protectionism

    TOKYO Japan's top steelmaker is on a westward expansion path, perhaps a good direction considering the tide of tariffs and protectionism rising on the other side of the Pacific.After being on the defensive for four years under President Kosei Shindo

    March 15, 2018 10:00 am JST
  • US challenges Indian export subsidies at WTO

    WASHINGTON (Reuters) -- The United States launched a challenge to Indian export subsidies at the World Trade Organization on Wednesday, saying they hurt U.S. companies by letting Indian exporters sell goods more cheaply, U.S. Trade Representative Ro

    March 15, 2018 09:40 am JST
  • India central bank chief calls for more powers over state lenders

    MUMBAI (Reuters) -- India's central bank chief said on Wednesday that it had "very limited authority" over state-run banks and called for reforms to give the regulator more powers to police such lenders in the wake of a $2 billion fraud.Reserve Bank

    March 15, 2018 01:30 am JST
  • Private equity funds see potential in India's stressed assets

    MUMBAI -- India's sale of stressed assets is drawing massive interest from global private equity players such as JC Flowers, KKR and Blackstone, which are tying up with local companies to place bids or setting up country-focused special situations f

    March 14, 2018 11:29 pm JST
  • G-20 finance chiefs to discuss fair trade, cryptocurrencies

    TOKYO (Kyodo) -- Group of 20 finance ministers and central bankers are expected to exchange views on the rise of protectionist trade policy and regulations on virtual currencies when they gather in Argentina next week.The two-day meeting from Monday

    March 14, 2018 09:44 pm JST
  • India stocks fall tracking Wall Street losses

    MUMBAI (NewsRise) -- Indian shares declined Wednesday, as heavyweight stocks pulled back and U.S. markets fell after President Donald Trump fired his Secretary of State.The BSE Sensex declined 0.06% to 33,835.74 and the Nifty 50 Index dropped 0.2% t

    March 14, 2018 08:46 pm JST
  • Nikkei Asia300 Index falls amid reports US may impose tariffs on Chinese products

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday amid media reports that the U.S. is looking to impose tariffs on Chinese imports.The Nikkei Asia300 Index slipped 0.4% to 1,480.14. Hong Kong-shares of China Life Insurance lost 1.1%

    March 14, 2018 08:20 pm JST
  • India's steel industry on the verge of realignment

    MUMBAI -- The two major steelmakers now winding their way through India's bankruptcy proceedings could end up triggering a realignment of the country's steel industry.The Reserve Bank of India, the nation's central bank, last year identified 12 borr

    March 14, 2018 05:00 pm JST