Reuters Financial News

By Terje Solsvik

By Tim Kelly and Nobuhiro Kubo

JAKARTA (Reuters) — Indonesia's central bank left interest rates unchanged for an eighth straight month on Thursday, amid renewed pressure on the rupiah currency and bond yields.

G20 summit in Delhi on September 9th and 10th—an unprecedented absence. But on September 16th and 17th Wang Yi, who succeeded Mr Qin as foreign minister in late July, met America’s national security adviser, Jake Sullivan, in Malta. According to Bloomberg, they discussed a possible meeting between Mr Xi and President Joe Biden at a gathering of Asia-Pacific leaders scheduled for November in San Francisco.

corporate group' as it increases scrutiny of investments by offshore funds in domestic entities, according to a written communication reviewed by Reuters. This communication was sent by stock exchanges on behalf of the regulator — the Securities and Exchange Board of India (SEBI) — to companies earlier this week and has not been previously reported. Currently, SEBI considers related parties as part of a corporate group. The expanded definition includes all subsidiaries, affiliate companies and related parties disclosed in annual reports or a company's website, the communication said. SEBI did not respond to a Reuters email seeking comment. The regulator had said in August that offshore funds with over 50% of their assets in a single Indian corporate group will need to disclose all its investors to custodian banks, through which funds flow into the country. However, it had not defined «single corporate group» for the new disclosures, which have to be made within 90 days starting Nov.

LONDON (Reuters) -Britain recorded a slightly larger-than-expected budget deficit in August, official data showed on Thursday, the fourth-highest August borrowing since records began in 1993.

By Kantaro Komiya

traveling to Canada. “Canada is a safe country", said Canadian public safety minister Dominic Leblanc as quoted by Reuters. The Ministry of External Affairs, in an official statement, said, “In view of growing anti-India activities and politically condoned hate crimes and criminal violence in Canada, all Indian nationals there and those contemplating travel are urged to exercise utmost caution." “Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda.

Khalistan terrorist Hardeep Singh Nijjar, said national security spokesman John Kirby on Wednesday. Kirby said that the White House encourages India to cooperate in any investigation by Canada, according to a report published by Reuters. “We are deeply concerned.

Indian stock market indices Sensex and Nifty50 are expected to open lower on Thursday tracking weakness in global peers. The Asian markets traded lower, while the US markets ended in the red after the US Federal Reserve Chair Jerome Powell announced a hawkish monetary policy. The US Fed kept the benchmark interest rates unchanged at a 22-year high of 5.25% to 5.5%, but said it will raise interest rates one more time this year.

UN Security Council meeting on Moscow's invasion of his country when Russian Ambassador Vassily Nebenzia objected to him taking the floor at the start of the meeting, according to Reuters reports. Albanian Prime Minister Edi Rama responded with a gibe at Moscow, which has long said the invasion does not amount to war but was a mere "special military operation". "I want to assure our Russian colleagues and everyone here that this is not a special operation by the Albanian presidency," Rama, known for a piercing sense of humor, said to muted laughter across the room, Reuters reported.

By Daphne Psaledakis and Humeyra Pamuk

By Kylie Madry

MUMBAI : Liquidity deficit in the banking system widened to ₹1.46 trillion on Monday, the most in over four years, on account of advance tax outflows and goods and services tax (GST) collection. This is the highest single day shortfall since 23 April, 2019. Banks’ borrowing from the Reserve Bank of India (RBI) through the marginal standing facility (MSF) window also stood higher ₹ 1.97 trillion.

Manipal Hospitals said on Wednesday it has acquired an 84% stake in AMRI Hospitals in its bid to expand its presence in eastern India. Kolkata-based AMRI Hospitals is owned by FMCG-to-realty conglomerate Emami Group and comprises of over 1,200 beds, over 800 doctors and 5,000-plus healthcare professionals. «In an endeavour to focus on our core businesses, we have divested our majority stake in AMRI Hospitals,» Aditya Agarwal and Manish Goenka, directors, Emami Group, said in a statement. Emami will continue to hold a 15% stake in AMRI with the government of West Bengal holding a 1% stake in the firm. Hospitals in India have been buying each other at near record rates, with M&As totalling $4 billion in 2022 and $2.2 billion in the first five months of this year, Reuters reported in June. The private healthcare sector in India has seen a post-pandemic boom with global consultancy firm PwC projecting a 12-14% annual growth for India's private healthcare market, currently worth around $48 billion.

the future of the Nagorno-Karabakh region and the ethnic Armenians who live there will start on Thursday. The ceasefire agreement was mediated by Russian peacekeeping forces. On Wednesday, Azerbaijan and Nagorno-Karabakh authorities said a ceasefire was reached with Russian mediation that included the military demands, but said “reintegration" of the region was still to be discussed.

Reuters. Maussan, on social media and in the Mexico Congress hearing, shared scientific analysis and study results to prove that the bodies are about 1,000 years old and not related to any known Earthly species, said the Reuters report.

Investing.com -- A United Auto Workers strike against the so-called Detroit Three carmakers are heading into their sixth day, with the union warning that it will expand the scope of the labor actions on Friday if no progress is made in talks over pay hikes and compensation.

By Valentina Za and Giuseppe Fonte

India is planning to offer incentives of up to Rs 18,000 crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said. The proposal is part of the country's Rs 1.97 lakh crore-production-linked incentive scheme (PLI), launched in 2020 which currently targets 14 sectors ranging from electronic products to drones, but has been successful only in a handful of them. A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors. Limited payouts under the scheme could lead to «large» savings which may be redirected to new sectors, the two government officials with knowledge of the plan said. They did not wish to be named as details of the plan have not been made public. India's federal trade ministry that oversees the scheme's implementation did not immediately respond to an emailed request for comment. The six new sectors that could join the PLI scheme also include toys, bicycles, leather and footwear, the officials said.

Newly launched budget carrier Akasa Air has been forced to reduce flights amid a spate of resignations. CEO Vinay Dube told employees in an email late on Tuesday that the airline would give up market share in the short term to ensure stable operations.