By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act,…
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh data to signal whether the U.S. Federal Reserve is likely to continue hiking interest rates, while watching for news of a congressional deal to raise the U.S. debt…
By Abu Arqam Naqash MUZAFFARABAD, Pakistan (Reuters) – Hundreds of people rallied in Pakistan-administered Kashmir on Monday to protest arch rival India’s decision to host a G20 tourism meeting in its part of the disputed Himalayan region, said a government official. New Delhi is hosting the key conference in Kashmir’s summer capital Srinagar from Monday…
By Swati Bhat MUMBAI (Reuters) – India’s economy has sustained the growth momentum seen in the last fiscal quarter of 2022/23, while latest inflation outcome has been better than forecast, the Reserve Bank of India said on Monday. Growth in the first quarter of 2023/24 is expected to be driven by private consumption, a revival…
By Ruma Paul DHAKA (Reuters) -Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an “alarming decrease” in fuel reserves. It owes more than $300 million to six overseas companies, some of which have either sent fewer cargoes than scheduled…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party on Monday signed an ambitious agreement to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, but made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai…
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next three to five years, after it posted a record first-quarter profit earlier this month. DBS, which is also Southeast Asia’s largest lender by…
By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a…
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday said he had no plan to resort to new tax measures to fund the government’s upcoming childcare package designed to reverse the country’s declining birthrate. The government in March laid out a plan to boost child care over the coming three years, but did not specify…
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference call. “We estimate that the combined direct sales and indirect sales through distributors to China headquartered companies is about 1/4 of our total…
