Wednesday, January 23, 2019
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NEW DELHI (Reuters) - Johnson & Johnson’s sales in India dipped 3 percent in the year to March 2018, a regulatory filing showed on Thursday, as the U.S. drugmaker grappled with the country’s stringent medical device pricing policies. The company, currently mired in a controversy surrounding the safety of its baby talcum powder, reported overall sales of 58.28 billion rupees...
DHAKA (Reuters) - Opposition members of Bangladesh’s parliament boycotted a swearing-in ceremony on Thursday, after rejecting results of a general election that they said was rigged to give Prime Minister Sheikh Hasina her third straight term. Hasina’s ruling alliance won more than 90 percent of the seats contested in Sunday’s election, which was marred by accusations of ballot stuffing, voter...
SHANGHAI (Reuters) - China plans to invest in 6,800 kilometers (4,225 miles) worth of new railway lines in 2019, a 40 percent jump from the length of tracks laid last year, the national railway operator said on Wednesday amid a wider push to boost infrastructure spending. At least 3,200 kilometers of this target will be high-speed rail, the China Railway...
HONG KONG (Reuters) - Factory activity weakened across Asia in December as the Sino-U.S. trade war and a slowdown in Chinese demand hit production in most economies, strengthening the case for a pause in interest rate hikes in the region in 2019. A series of purchasing managers’ indexes for December released on Wednesday mostly showed declines or slowdowns in manufacturing...
NEW DELHI (Reuters) - India’s biggest refiner Indian Oil Corp Ltd said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries. Indian Oil’s chairman Sanjiv Singh said that Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000 barrels per day (bpd) refinery. Iran’s participation...
SEOUL (Reuters) - North Korean leader Kim Jong Un has sent a “conciliatory message” to U.S. President Donald Trump amid stalled nuclear negotiations, South Korea’s Chosun Ilbo newspaper reported on Monday. Kim’s “letter-like” message to Trump was delivered on Friday through an unspecified channel, the newspaper reported, citing an unnamed diplomatic source. The report did not include details about the message...
HONG KONG (Reuters) - Tough negotiations lie ahead over a new pact between China and Southeast Asian nations aimed at easing tensions in the South China Sea, as Vietnam pushes for provisions likely to prove unpalatable to Beijing, documents reviewed by Reuters suggest. Hanoi wants the pact to outlaw many of the actions China has carried out across the hotly...
NEW DELHI (Reuters) - India’s new curbs on e-commerce companies may not be enough to win over small store owners and traders in next year’s general election, with the key voting bloc still seething over what it sees as broken promises by Prime Minister Narendra Modi. From Feb. 1, e-commerce firms such as Amazon.com and Walmart-owned Flipkart Group will not...
NEW DELHI (Reuters) - India risks missing its budget deficit target for the current fiscal year, data released on Thursday suggested, and economists said the government had already started to cut capital spending in an attempt to narrow the gap. The data showed the fiscal deficit in the April-November period stood at 7.17 trillion rupees ($101.93 billion), or 114.8 percent...
NEW DELHI (Reuters) - India will announce a new draft policy for e-commerce in a few weeks, a source in the government said on Thursday, a day after the country tweaked foreign investment rules for the burgeoning sector. The new e-commerce policy could entail provisions for a regulator in the sector dominated by U.S. tech giant Amazon.com and homegrown Flipkart,...

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