Iran plans to join the New Development Bank soon. This move comes as the nation faces international sanctions and seeks alternative financial channels. Iran joined BRICS in 2024 and desires ...
Veon’s Banglalink secures licence to launch payment app in Bangladesh
Banglalink, the Bangladesh unit of telecom group Veon, has received a Payment Service Provider (PSP) licence from Bangladesh Bank. The central bank's approval clears the way for Banglalink to enter ...
Pakistan’s debt growth falls to 20-year low, says finance adviser
Advisor to the Finance Minister Khurram Schehzad said Pakistan’s debt profile had undergone a material shift, with debt growing at its slowest pace in two decades, debt-to-GDP declining, external ...
BofA to take 49.9% stake in Jio Credit for $1.9 billion in India push
By Nishit Navin and Jayshree P Upadhyay Aug 12 (Reuters) - Bank of America will acquire as much as 49.9% stake in the non-bank lending arm of Jio Financial Services in a 182.68 billion rupees ($1.92 ...
India’s July merchandise trade deficit widens to $31.98 billion
NEW DELHI, Aug 13 (Reuters) - India's merchandise trade deficit widened to $31.98 billion in July, according to a Reuters calculation based on government export and import data released on Thursday.
Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state
Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India's GIFT City.
China to keep imposing anti-dumping duties on Indian single-mode optical fibre imports
BEIJING, Aug 13 (Reuters) - China will continue imposing anti-dumping duties on single-mode optical fibre imports from India for another five years starting on Friday, the commerce ministry said on ...
China’s Mach 5+ hypersonic weapons turn to stars for navigation when GPS signals fail
China hypersonic weapons could gain a new navigation backup through a star-based system designed for GPS-denied environments.
EVs dominate China’s car market: 5 takeaways from the country’s latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.
Nepal enforces curfew amid escalating religious tensions
Nepali authorities have enforced a curfew in several places across the country's southern plain amid escalating religious tensions between Hindu and Muslim communities, police said on Thursday.