Honda, Nissan aim to close merger talks in June 2025, source says

Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said.
23 December 2024, 04:16 AM

New Zealand falls into recession with abrupt economic slowdown

The conservative coalition government defended its "respect for taxpayers' money" as the opposition accused it of feeding a "recessionary fire".
19 December 2024, 05:06 AM

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

Bangladesh's interim govt has accused Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits
19 December 2024, 04:07 AM

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields higher and leading investors to dial back estimates of how far borrowing costs are likely to fall over the coming year.
19 December 2024, 03:39 AM

As bitcoin soars, luxury brands consider accepting crypto payments

Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment.
18 December 2024, 06:04 AM

Honda, Nissan move to closer tie-up as competition intensifies, source says

The talks between Honda and Nissan are aimed at setting up a holding company, said the source, who declined to be identified because the information had not been made public.
18 December 2024, 04:08 AM

Adani deal under bribery scrutiny was approved against officials' advice

The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
17 December 2024, 09:26 AM

Oil drops

Oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve meeting later this week for clues on further rate cuts.
16 December 2024, 18:00 PM

US-China tech war will hold Asian allies hostage

China will turn Washington’s technology weapons on its Asian neighbours in 2025. US curbs on imports of semiconductors and other goods have hobbled advances in artificial intelligence in the world’s second-largest economy. The People’s Republic is starting to retaliate. Its leverage over corporate giants in Japan and South Korea makes them prime hostage targets.
16 December 2024, 18:00 PM

US Fed expected to cut rates in last meeting of Biden era

The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals.
15 December 2024, 10:05 AM

ECB cuts rates again

The European Central Bank cut interest rates again Thursday and hinted at more to come, with President Christine Lagarde saying the beleaguered eurozone economy was “losing momentum” as EU and US politics fuelled uncertainty.
14 December 2024, 18:00 PM

Heavy rains to hit Malaysian palm oil output again in December

Malaysia’s palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world’s second-largest producer of the tropical oil, the industry regulator told Reuters on Friday.
14 December 2024, 18:00 PM

Adani pulls out of US loan deal for Colombo port

India's Adani Group has withdrawn its request for a US government-backed loan to construct a port in Sri Lanka seen as a counter to a rival Chinese project, according to company filings.
11 December 2024, 19:28 PM

Trump warns BRICS nations against replacing US dollar

"There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America"
1 December 2024, 03:14 AM

Adani breaks silence on US allegations to say his group is committed to compliance

US authorities have accused Gautam Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes to secure Indian power supply contracts, and misleading US investors during fundraisings in the country
1 December 2024, 02:51 AM

Sri Lanka records highest deflation since 1961

Sri Lanka’s consumer prices fell by 2.1 percent in November, the highest deflation rate recorded by the economically fragile island nation since 1961, official data showed Saturday.
30 November 2024, 18:00 PM

Adani allegations shine spotlight on India's clean energy conundrum

The conglomerate is not alone in facing increasingly long delays in signing up buyers for the renewable electricity capacity which is now being developed in coal-dependent India - the world's third-largest emitter of greenhouse gases.
28 November 2024, 05:04 AM

Adani's 'renewable energy marvel' trapped in US bribery indictment

Adani Green's revenues of $574 million during the period from April to September this year were up 20% on the year, boosting its cash profit 27% to $313 million over that time.
27 November 2024, 06:01 AM

Sri Lanka cuts lending rates after debt deal

The Central Bank of Sri Lanka said it was moving to a single policy rate set at 8.0 percent, an "effective reduction" of around 50 basis points.
27 November 2024, 05:10 AM

US SEC issues summons for India's Adani, nephew on bribery allegations

The summons requires an answer within 21 days, according to the filing dated Wednesday in federal court in the Eastern District of New York. The SEC suit seeks unspecified monetary penalties and restrictions on the Adanis from serving as officers of listed companies.
25 November 2024, 04:20 AM