SINGAPORE Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling U.S. output, a senior industry official said on Monday. Global oil prices LC... More »
TOKYO Toshiba Corp is set to sell its image sensor business to Sony Corp for around 20 billion yen ($164.68 million) as part of a restructuring plan laid out earlier this year, sources with knowledge of the deal said on Saturday. Toshiba, whose businesses rang... More »
WASHINGTON It was a combination of calamities – an asteroid strike followed by vast volcanic eruptions half a world away – that doomed the dinosaurs and many other creatures 66 million years ago. That is the conclusion of scientists who said on Thursday they h... More »
NEW DELHI India launched its first space research observatory and several U.S. satellites on Monday, part of Prime Minister Narendra Modi’s drive to expand his country’s influence in the competitive, $300 billion global space industry. The observatory, named A... More »
MALE The president of the Maldives was unhurt but his wife and two aides were injured in an explosion on board their launch as it approached Male, capital of the Indian Ocean archipelago, a senior aide told Reuters. The cause of Monday’s blast, witnessed by jo... More »
MUMBAI The Reserve Bank of India is expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom. ... More »
SAN JOSE, California Lights flashed and chants of “Modi, Modi” filled the 18,000-seat sports arena in San Jose, California, on Sunday as the Indian premier took the stage for the final event of his Silicon Valley tour, marked by sporadic protests over his huma... More »
SHANGHAI/BEIJING China’s most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging U.S. rival Uber Technologies Inc [UBER.UL]. Didi joins existing investors inc... More »
MENLO PARK, California Indian Prime Minister Narendra Modi received a warm welcome at Facebook headquarters on Sunday for a town hall hosted by CEO Mark Zuckerberg that focused as much on the two men’s backgrounds as the business potential of the world’s secon... More »
NEW DELHI A stately New Delhi mansion, once home to India’s first Prime Minister Jawaharlal Nehru and now a museum to his life, has emerged as a flashpoint in the growing ideological war between his heirs and the Hindu nationalist government.Since trouncing th... More »
MUMBAI The U.S. Food and Drug Administration has revoked an approval issued in March to India’s Sun Pharma Advanced Research Company Ltd (SPARC) to launch a drug for seizures, citing manufacturing quality problems at its production site. The move comes as a se... More »
HONG KONG Indian Finance Minister Arun Jaitley said on Monday he hopes the economy will grow faster this year than last, and expects that Asia’s third-largest economy will not see a big hit from China’s slowdown. Jaitley, who is on a road trip meeting foreign ... More »
PARIS British-Indian sculptor Anish Kapoor has decided to leave the anti-Semitic graffiti on his “Dirty Corner” installation at the Palace of Versailles near Paris, but will cover it up, palace authorities said on Friday. The 60-meter (197 feet) abstract steel... More »
LONDON/NEW YORK Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys. “Scratching beneath the headline numbers, however... More »
JACKSON HOLE, Wyo. Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado. In private and in public at last wee... More »
ISLAMABAD U.S. National Security Adviser Susan Rice warned Pakistani political and military leaders on Sunday that recent attacks in Afghanistan by militants based in Pakistan threaten regional security, an official said. Rice also delivered an invitation from... More »
WASHINGTON President Barack Obama has invited Pakistan’s prime minister, Nawaz Sharif, for a meeting at the White House on Oct. 22, the U.S. National Security Council said on Sunday. The invitation came during a visit to Islamabad on Saturday and Sunday by Nat... More »
LONDON British-Indian sculptor Anish Kapoor said on Wednesday he would take legal action based on copyright concerns after noting a close similarity between a huge stainless-steel, globe-like sculpture in China and his “Cloud Gate” sculpture in Chicago. The sc... More »
MUMBAI/ NEW DELHI The Indian government has filed a lawsuit against Swiss food firm Nestle’s Indian unit, seeking 6.4 billion rupees ($99 million) in damages on behalf of consumers after the country’s worst packaged food scare in a decade. Nestle, the first fo... More »
MUMBAI The Indian government has filed a class action suit for 6.4 billion rupees ($99 million) against Nestle’s Indian unit on behalf of the country’s consumers, citing unfair trade practices and the sale of defective goods. Nestle is the first foreign firm t... More »
SAN FRANCISCO/MUMBAI, August 12 Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook... More »
MUMBAI India will seek damages of 6.39 billion rupees ($99.3 million) from Swiss group Nestle after a food scare involving reports of excess lead in the firm’s popular Maggi noodles forced a nationwide recall, a government official said on Tuesday. Nestle, whi... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
MUMBAI An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said. The Bombay High Court will give a judgment at a later date, Rajesh... More »
SHANGHAI Officials from the world’s largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank... More »
NEW DELHI General Motors Co (GM.N) will recall 155,000 vehicles in India, its largest such exercise to date in the country, in order to fix wiring problems linked to a remote keyless entry accessory. The recall, also one of India’s biggest, follows a move in 2... More »
TORONTO BlackBerry Ltd (BB.TO), which has been coy about its ambitions to make a mainstream Android smartphone, fueled more speculation about its plans this week when it scooped up two Android-related domain names. Several blog posts in the last two days have ... More »
CHICAGO Amazon.com Inc (AMZN.O) will start a business loan program for small sellers in the United Kingdom on Tuesday and is looking to launch it this year in seven more countries including China. Until now, the e-retailer has offered the service only in the U... More »
LONDON Scientists have identified a key gene used by poppies to make morphine, paving the way for better methods of producing the medically important drug, potentially without the need for cultivating poppy fields. The latest finding follows recent success in ... More »
FRANKFURT The incoming head of the European Space Agency said in a published interview that the International Space Station should be opened up to astronauts from India and China. The $100 billion space station, visible from Earth to the naked eye, is a habita... More »
NEW DELHI India’s government has filed for damages from food group Nestle after a food scare involving reports of excess lead in Maggi noodles forced a nationwide recall, government officials said on Sunday. “It’s a serious matter concerning public health and ... More »
BEIJING A youth named by China as the second-highest figure in Tibetan Buddhism but reviled by many Tibetans as a fake has pledged his patriotism, Chinese state media said on Tuesday, amid a year of sensitive anniversaries for Tibet. Gyaltsen Norbu was selecte... More »
NEW DELHI An Indian woman has accused a driver contracted with online taxi company Uber Technologies of trying to sexually harass her after she hailed his cab, prompting the U.S.-based firm to suspend the driver and launch an internal investigation. Uber was b... More »
MUMBAI India’s central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest. The Reserve ... More »
MUMBAI A recovery in India’s credit growth could elude the country’s banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China. A 12.6 percent growth rate in lending in the fiscal year that ended ... More »
BEIJING China and India proposed measures on Friday to resolve a long-festering border dispute, as Beijing sought to clear obstacles to a relationship that it said could change the international political order. Chinese Premier Li Keqiang met Indian Prime Mini... More »
NEW YORK A multimedia installation opening in New York on Friday aims to encourage a conversation about law enforcement’s treatment of minorities by simulating a disorienting confrontation with police. “Hands Up,” created by artists Atif Ateeq and Roopa Vasud... More »
NEW DELHI India’s retail inflation cooled to a four-month low in April on slower annual increases in food costs and industrial output growth slipped to a five-month low in March, boosting odds for an interest rate cut by the central bank next month. Retail pri... More »
KATHMANDU A 7.3 magnitude earthquake killed at least 37 people and spread panic in Nepal on Tuesday, bringing down buildings already weakened by a devastating tremor less than three weeks ago and unleashing landslides in Himalayan valleys near Mount Everest. M... More »
MUMBAI Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections. San Francisco-based Uber has grown rapidly in value to be worth around ... More »
NEW YORK A U.S. jury cleared HBO of libel claims on Friday in a lawsuit brought against the Time Warner Inc subsidiary by a British sporting goods company over a report linking it to child labor in India. Mitre Sports International, a unit of the Pentland Grou... More »
HONG KONG (Reuters) – Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region’s growth falters in the face of slowing demand from China. Financial sp... More »
BEIJING (Reuters) – Indian Prime Minister Narendra Modi will visit China next week, the Chinese Foreign Ministry said on Tuesday, his first trip to India’s northern neighbor since being elected last year. Modi will be in China from May 14-16, the ministry said... More »
WASHINGTON (Reuters) – China and India remain on a U.S. priority watch list for lax rules on copyright, trade secrets and other intellectual property rights violations in an annual review of trading partners published by the U.S. Trade Representative on Thursd... More »
ISLAMABAD (Reuters) – The chief of Pakistan’s main spy agency is spearheading a campaign to wrest control of the teeming port city of Karachi from a powerful political party, the military’s latest, and some say boldest, foray into civilian life in recent years... More »
UNITED NATIONS (Reuters) – Iranian Foreign Minister Mohammad Javad Zarif will meet U.S. Secretary of State John Kerry at the opening of a UN conference on the global anti-nuclear weapons treaty on Monday, as they try to make progress in talks on a long-term at... More »
BERLIN/FRANKFURT (Reuters) – Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources clos... More »
NEW DELHI (Reuters) – Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales... More »
MUMBAI (Reuters) – Ratan Tata, chairman emeritus of the holding company of India’s Tata conglomerate, has acquired a stake in Xiaomi Technology [XTC.UL], a deal that is likely to bolster the Chinese phone maker’s presence in the world’s third-largest smartphon... More »
LONDON (Reuters) – Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several mee... More »
SHINGAVE NAIK, India (Reuters) – Gold demand in the world’s biggest consumer India risks falling for a second straight year in 2015, as millions of Indian farmers hit by erratic weather and falling commodity prices trim gold purchases. Nearly two-thirds of Ind... More »
WASHINGTON (Reuters) – The U.S. government would support selling General Atomics’ electromagnetic launching system for aircraft carriers, and other key technologies, to India, the Pentagon’s chief weapons buyer told Reuters on Friday. Defense Undersecretary Fr... More »
