Markets

India's central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters

Investors dumped shares on Thursday after a bigger-than-expected rise in U.S. inflation spooked Wall Street and sent bond yields surging, with European stocks mirroring losses in Asia.

Foreign direct investment (FDI) into China in the first four months of the year jumped 38.6per cent from the same period last year to 397.07 billion yuan (US$61.55 billion), China’s commerce ministry said on Thursday.

Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won (US$151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019.

TOKYO :Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank was ready to buy exchange-traded funds (ETF) "boldly" when necessary, but did not offer any hints on whether it would step in to stem the current market rout.

South Korea on Thursday announced bigger tax breaks plus 1 trillion won (US$883 million) in loans for the local chip industry as it navigates a challenging operating environment amid a global chip shortage.

CANBERRA: Australia’s largest telecommunications company Telstra was fined A$50 million (US$39 million) on Thursday (May 13) for unconscionable conduct in selling remote Indigenous customers mobile phone contracts that they did not understand and could not afford. The fine ordered by a Federal ...

Japan's service sector sentiment index fell to 39.1 in April, down for the first time in three months, a Cabinet Office survey showed on Thursday, amid uncertainty over the resurgence of the COVID-19 pandemic.

The United States seized latex gloves made by Malaysian firm Top Glove Corp Bhd after a shipment was found in Kansas City despite an import ban on its products over forced labour allegations, U.S. customs said on Wednesday.

TOKYO: Japan's Kansai Electric Power Co plans to restart a 44-year-old nuclear reactor in June that has been off line since the wake of the Fukushima disaster 10 years ago, but will shut it down again before an October deadline for tighter anti-terrorism security upgrades at the reactor kicks...