Markets

NEW DELHI: State run Hindustan Petroleum has shut a 70,000 barrel per day (bpd) crude unit at its Vizag refinery in Southern India after a fire broke out at about 15:00 pm local time (0930 GMT) on Tuesday, the company said in a statement. The 166,000 bpd Vizag refinery...

Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to US$1.5 billion, five banking sources said.

Brazil's health ministry has applied for authorization to import 20 million doses of the Covaxin/BBV152 COVID-19 vaccine, manufactured in India, where the vaccine is authorized for emergency use, health agency Anvisa said on Tuesday.

Thai commercial banks aim to lend 100 billion baht (US$3.19 billion) of soft loans by October to smaller businesses affected by coronavirus outbreaks, a banking group said on Tuesday, as the country deals with a third wave of infections.

Indonesian anti-corruption activists have suffered a surge of digital attacks, from the hacking of messaging accounts to the sabotage of a Zoom conference with pornography, and they say they fear they are being targeted for speaking out.

After a failed union-organizing effort at Amazon.com Inc last month, labor advocates are looking to the company's annual shareholder meeting on Wednesday, hoping for a chance to get a worker on the board of directors of the world's largest online retailer.

REUTERS: Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to US$2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around US$300 million in financing for its merger with D and Z Media Acquisition ......

Indonesia's central bank is planning to launch a digital rupiah currency and is assessing which platform it will use, Governor Perry Warjiyo said on Tuesday, as the country sees a digital transaction boom during the pandemic.

TOKYO: Japan will adhere to its aim of achieving a budget surplus, Prime Minister Yoshihide Suga said on Tuesday, though his government is struggling to balance the budget as it is under pressure to spend heavily in response to the COVID-19 pandemic. "We won't abandon the flag of achieving...

With global borrowing costs probably as low as they can go, high debt levels will start to matter more in coming years, a Barclays study found, highlighting Brazil as the country at greatest risk of a hit to growth and debt sustainability.