Before leaving Calcutta, Tajuddin had placed an order for printing 80 crore notes of one taka denomination with the Nashik Security Press as he wanted to gradually replace the Pakistani currency notes ...
Public input invited on SME finance guidelines
"As a result," he continued, "informal loan sharks, suppliers' credit, buyers' advances, and personal or family savings remain the primary sources of funding for an approximately — and very ...
India’s central bank beats market expectations to deliver outsized rate cut of 50 points
This also marks a third straight rate cut since February, and comes below the median estimates of 5.75% in a Reuters poll.
Indonesia’s Wealth Fund Weighs Role in $7 Billion Grab-GoTo Deal
Indonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd.’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of ...
India central bank delivers sharp rate cut as growth and inflation fall
India's central bank has lowered interest rates by a deeper-than-expected half a percent - the third cut in a row amid falling inflation and lower growth in Asia's third largest economy. The repo rate now stands at 5.5% - the lowest in three years.
The world could be facing another ‘China shock,’ but it comes with a silver-lining: Cooler inflation
A new round of "China shock" appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
Oil prices on track for solid weekly gains as China and U.S. resume trade talks
Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and ...
Vietnam May exports up 17% y/y, industrial production up 9.4%
Vietnam reported double-digit growth in exports and imports in May, government data showed on Friday, as shipments in and out of the industrial hub accelerated before the United States' threatened ...
Japan’s ispace fails again at lunar touchdown with Resilience lander
By Kantaro Komiya TOKYO (Reuters) -Japanese company ispace said its uncrewed moon lander likely crashed onto the moon's surface during its lunar touchdown attempt on Friday, marking another failure ...
Japan’s April household spending unexpectedly falls
Japanese household spending unexpectedly fell in April, government data showed on Friday, as consumers tightened their purse strings in the face of higher prices.