Markets

Activity in India's dominant services industry contracted in May for the first time in eight months as strict lockdowns to curb the second wave of COVID-19 dampened demand, prompting firms to cut jobs at the fastest pace since October, a private survey showed.

China's yuan eased against the dollar on Thursday after policymakers repeatedly came out to tamp down expectations for further fast gains in the currency.

India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month, two government and two industry officials told Reuters, to reduce food costs in the world's biggest vegetable oil importer.

China National Petroleum Corp (CNPC) cut its methane emission intensity by 6per cent last year from the 2019 level, the top oil and gas producer said on Thursday.

NEW YORK: Uruguayan payment startup DLocal said on Wednesday it raised US$617.65 million in its initial public offering. DLocal priced 29.4 million shares at US$21 per share, the company said, above its indicated US$16-US$18 range. The IPO values DLocal at US$6.06 billion. Of the shares sold ...

India's government said on Thursday it has inked a deal with domestic vaccine maker Biological-E for 300 million COVID-19 vaccine doses for 15 billion rupees (US$205.62 million).

Malaysia on Thursday said it had received US$80 million from audit firm Deloitte PLT, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB).

Indonesia sold US$3 billion from global Islamic bonds, including 30-year green sukuk, at record-low yields amid the needs to raise funds to handle the coronavirus pandemic, a senior official at the finance ministry said on Thursday.

China's services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses.

Japan's services sector activity contracted for the 16th consecutive month in May as an extension of coronavirus emergency curbs at home and stricter restrictions in key Asian markets due to a resurgence of COVID-19 cases hit demand.