By Nellie Peyton JOHANNESBURG (Reuters) – South Africa’s government said on Friday that it had asked Taiwan to relocate its de facto embassy out of the capital Pretoria, while Taiwan accused it of bowing to pressure from China. South Africa rejected this characterization and said the move was standard diplomatic practice, given that it severed …
South Africa asks Taiwan to move its de facto embassy from Pretoria Read More »
BEIJING (Reuters) -Chinese electric vehicle battery giant CATL reported a 26% year-on-year rise in third-quarter profit, a stock filing showed on Friday, accelerating from the previous quarter as it maintains a lead over smaller rivals. CATL made a net profit of 13.14 billion yuan ($1.85 billion) in July-September, while its revenue fell 12.5% year-on-year to …
By Camillus Eboh ABUJA (Reuters) – A Nigerian court on Friday adjourned the trial of detained Binance executive Tigran Gambaryan after it was stalled because he could not appear in court due to illness. Gambaryan, a U.S. citizen and head of financial crime compliance at Binance, has been in detention in Nigeria since late February …
Nigerian court adjourns trial of Binance executive due to illness Read More »
By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India’s steel ministry favours a temporary tax to curb rising steel imports, a senior official with direct knowledge of the matter said, as it seeks to protect steelmakers reeling from a surge in cheaper Chinese imports. A temporary “safeguard duty” would help curb Chinese imports, …
India’s steel ministry favours temporary tax to check imports, source says Read More »
By Charlotte Greenfield, Aftab Ahmed NEW DELHI (Reuters) -In February 2020, Nasreen and her husband Tofik were living in Shiv Vihar, an upcoming neighbourhood in northeast New Delhi. But that month, riots erupted targeting Muslims like them and Tofik was pushed by a mob from the second floor of the building where they lived, according …
In Modi’s Delhi, Indian Muslims segregate to seek security Read More »
By Mubasher Bukhari LAHORE, Pakistan (Reuters) – Authorities shut schools, colleges and universities in Pakistan’s eastern Punjab province on Friday following the most violent student protests in the country in recent years over the alleged rape of a student on campus, officials said. The protests have spread since Monday, with participants alleging that a female …
Pakistan province shuts education institutions after violent protests over alleged rape Read More »
By Aaron Ross NAIROBI (Reuters) – If Kenyan Deputy President Rigathi Gachagua’s removal on charges of stirring ethnic hatred and undermining judicial independence was unprecedented, aspects of the Senate’s verdict late Thursday were very familiar to close watchers of the country’s politics. On the charge of corruption – which included allegations he had embezzled tens …
Kenyan deputy president ousted, but accountability for corruption remains elusive Read More »
(Reuters) – Manappuram Finance’s shares slumped 16% on Friday, their biggest decline since March 2020, after the Indian central bank’s lending restrictions on the company’s unit triggered rating downgrades due to concerns over a potential hit to earnings. The non-bank lender’s shares fell as much as 18% to 145.42 rupees, their lowest in 10 months, …
India’s Manappuram Finance tanks to over 4-yr low on downgrades after cenbank bars unit Read More »
(Reuters) – India’s Oberoi Realty reported a jump in second-quarter profit boosted by sustained demand for its premium projects, including luxury homes and office spaces. The real-estate developer’s consolidated net profit jumped 29% to 5.89 billion rupees ($70 million) in the three months ended Sept. 30. Its revenue from operations grew 8.5% to 13.20 billion …
India’s Oberoi Realty posts Q2 profit jump on strong demand for premium housing Read More »
TAIPEI (Reuters) – The Taipei-listed shares of TSMC hit a record high on Friday after the world’s largest contract chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook for strong artificial intelligence (AI) demand. Shares closed up 4.8% at T$1,085 ($33.77), surpassing the previous record of T$1,080 on July 11. That gives TSMC a …
TSMC stock hits new high after forecast-beating earnings Read More »
