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Reuters - 40 minutes ago

Indian shares open higher ahead of union budget

INDIA STOCKS-Indian shares open higher ahead of union budget Updates at 9:15 a.m. IST BENGALURU, July 23 (Reuters) - Indian shares o pened higher on Tuesday, led by financials and public sector companies, as investors brace for policy announcements in the union budget due at 11 a.m. IST, which could have a huge bearing on the trajectory of markets.
Reuters - 56 minutes ago

Oil steadies, weighed down by predicted surplus amid weak demand

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Reuters - 1 hour ago

Japan's Nikkei rebounds from 3-week low as chipmakers, shippers rally

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Reuters - 1 hour ago

Singapore seen keeping monetary policy unchanged amid inflation risks

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Reuters - 1 hour ago

Cybersecurity firm Wiz walks away from $23 bln deal with Google, memo says

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Reuters - 40 minutes ago

Indian shares open higher ahead of union budget

INDIA STOCKS-Indian shares open higher ahead of union budget Updates at 9:15 a.m. IST BENGALURU, July 23 (Reuters) - Indian shares o pened higher on Tuesday, led by financials and public sector companies, as investors brace for policy announcements in the union budget due at 11 a.m. IST, which could have a huge bearing on the trajectory of markets.
Reuters - 44 minutes ago

Philippine finance minister says on track for rate cut

UPDATE 1-Philippine finance minister says on track for rate cut Adds background from paragraph 3 MANILA, July 23 (Reuters) - The Philippines' finance minister Ralph Recto said on Tuesday the country is on track for a cut in policy rates this year due to easing inflation, though the timing would be up to the central bank. Recto, who is also a member of the central bank's monetary board, said he hoped second-quarter growth in gross domestic product would be at 6%, driven by household consumption a
Reuters - 56 minutes ago

Oil steadies, weighed down by predicted surplus amid weak demand

UPDATE 1-Oil steadies, weighed down by predicted surplus amid weak demand Recasts, updates prices, adds comments By Laila Kearney and Jeslyn Lerh SINGAPORE, July 23 (Reuters) - Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S.
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Reuters - 1 hour ago

Japan's Nikkei rebounds from 3-week low as chipmakers, shippers rally

Japan's Nikkei rebounds from 3-week low as chipmakers, shippers rally By Kevin Buckland TOKYO, July 23 (Reuters) - Japan's Nikkei share average rebounded on Tuesday from a three-week low hit in the previous session, as chip-sector stocks tracked an overnight rally in their U.S. peers. The Nikkei .N225 ended the morning session 0.2% higher at 39,676.34, poised to snap a four-day losing streak that pulled the benchmark index as low as 39,519.39 on Monday for the first time since July 2. The index
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Reuters - 1 hour ago

Data center firm Equinix enters the Philippines, eyes on Southeast Asia

UPDATE 1-Data center firm Equinix enters the Philippines, eyes on Southeast Asia Adds background and deal details from paragraph 2 onwards July 23 (Reuters) - Equinix EQIX.O has acquired three data centers in the Philippines from Total Information Management to expand its presence in the high growth potential region of Southeast Asia, the global data center firm said on Tuesday.
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Reuters - 1 hour ago

Australia's Pilot Energy rises on securing $4 mln grant for project

BUZZ-Australia's Pilot Energy rises on securing $4 mln grant for project ** Shares of Pilot Energy PGY.AX climb as much as 13.9% to A$0.021, highest level since July 17; last up 5.6% ** Stock on track for its best day since June 26, if gains hold ** Oil and gas explorer receives A$6.5 million ($4.31 million) Commonwealth grant to support the Mid We
Reuters - 1 hour ago

Australia announces new offshore gas exploration permits to plug supply gaps

Australia announces new offshore gas exploration permits to plug supply gaps SYDNEY, July 23 (Reuters) - Australia on Tuesday announced new offshore gas exploration permits for its east and west coast markets in a bid to ease concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations. Australia considers gas a critical element in its transition to cleaner energy with the centre-left Labor government in May backing long-term gas drilling
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Reuters - 1 hour ago

How Singapore's unique monetary policy works

EXPLAINER-How Singapore's unique monetary policy works Updates paragraph 12 to reflect new quarterly monetary policy schedule By Xinghui Kok SINGAPORE, July 23 (Reuters) - Singapore's central bank has a unique method of managing monetary policy , tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other economies.
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Reuters - 1 hour ago

Singapore seen keeping monetary policy unchanged amid inflation risks

PREVIEW-Singapore seen keeping monetary policy unchanged amid inflation risks By Xinghui Kok SINGAPORE, July 23 (Reuters) - Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions. Of the 10 analysts polled by Reuters, nine expect the Monetary Authority of Singapore (MAS) to hold off making changes to its policy at the scheduled review on Friday.
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Reuters - 1 hour ago

Tesla China extends zero-interest loan incentive for some Model 3, Model Y cars until end-Aug

BRIEF-Tesla China extends zero-interest loan incentive for some Model 3, Model Y cars until end-Aug July 23 (Reuters) - Tesla Inc TSLA.O China: EXTENDS ZERO-INTEREST LOAN INCENTIVE FOR SOME MODEL 3, MODEL Y CARS UNTIL END-AUGUST Reporting by Beijing newsroom
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Reuters - 1 hour ago

Vietnam central bank says bank lending picks up pace in recent months

Vietnam central bank says bank lending picks up pace in recent months HANOI, July 23 (Reuters) - Vietnam's central bank said on Tuesday that banks' lending rose 6% in the first half of the year from the level recorded at the end of last year, accelerating over the last quarter. "Banks' lending has accelerated over the past 2-3 months, after shrinking in the first two months of the year," the central bank's deputy governor Dao Minh Tu told a regular press briefing.
Reuters - 1 hour ago

India Morning Newsletter, July 23

India Morning Newsletter, July 23 To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage For an index of our newsletters click on NEWSL
Reuters - 1 hour ago

Cybersecurity firm Wiz walks away from $23 bln deal with Google, memo says

UPDATE 1-Cybersecurity firm Wiz walks away from $23 bln deal with Google, memo says Adds details from the memo July 22 (Reuters) - Cybersecurity startup Wiz has walked away from a reported $23 billion deal to be acquired by Google- parent Alphabet GOOGL.O and has chosen to pursue an initial public offering as it initially planned, according to a Wiz memo seen by Reuters.
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Reuters - 1 hour ago

China BlueChemical sinks to 7-month low on weak earnings outlook

BUZZ-China BlueChemical sinks to 7-month low on weak earnings outlook ** Shares of fertilizers producer China BlueChemical Ltd 3983.HK sink 9% to HK$1.92, their lowest since Dec 29, and on track for a third straight session of decline ** Stock marks biggest intraday pct fall since June 4 ** Co expects H1 net profit to drop to 670 mln-700 mln yuan (
Reuters - 1 hour ago

Brokerages cut PT for South32 over Worsely Alumina risk; shares slip

BUZZ-Brokerages cut PT for South32 over Worsely Alumina risk; shares slip Updates with Macquarie note ** Shares of S32 down as much as 1.5% to A$2.945; set for sixth straight session of losses * * Analysts at Morningstar say risk associated to South32's S32.AX Worsley Alumina business was likely the main driver behind a 13% drag in shares on Monday
Reuters - 2 hours ago

Palm oil advances for sixth day on rising exports

VEGOILS-Palm oil advances for sixth day on rising exports BEIJING, July 23 (Reuters) - Malaysian palm oil futures rose on Tuesday for a sixth consecutive session, the market's longest rally since January, lifted by strong exports in July so far. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 28 ringgit, or 0.7%, to 4,013 ringgit ($858.03) a metric ton during early trade, touching its highest since July 5. FUNDAMENTALS * Indonesia lau
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Reuters - 2 hours ago

Australasian Metals jumps after unveiling silica project exploration target

BUZZ-Australasian Metals jumps after unveiling silica project exploration target ** Shares of Australasian Metals A8G.AX rise as much as 14.3% to A$0.080, posting their biggest intraday percentage gain since May 28 ** Stock hits its highest level since June 26 ** Gold and lithium explorer unveils maiden exploration target estimate for its Dingo Hol
Reuters - 2 hours ago

Taiwan curtails annual war games as Typhoon Gaemi barrels towards island

UPDATE 1-Taiwan curtails annual war games as Typhoon Gaemi barrels towards island Adds details on transport disruption, paragraph 6 HUALIEN, Taiwan, July 23 (Reuters) - Taiwan curtailed its annual Han Kuang war games on Tuesday as Typhoon Gaemi barrelled towards the island, and is expected to bring strong winds and torrential rain. Gaemi, the first typhoon of the season to affect Taiwan, is expected to make landfall on the northeast coast between sometime on Wednesday night and the early hours o
Reuters - 2 hours ago

Founder of South Korea's Kakao arrested for suspected stock manipulation

UPDATE 1-Founder of South Korea's Kakao arrested for suspected stock manipulation Kim accused of manipulating SM Entertainment stock Founder says no illegal activity was ordered or tolerated Kakao shares fall on Tuesday; down 24% YTD Regulatory scrutiny may impact AI and expansion plans Recasts and adds detail on share move and detention, paragraphs 1,12; detention details paragraph 7 By Joyce Lee SEOUL, July 23 (Reuters) - The billionaire founder of South Korean tech giant Kakao Corp 035720.KS
Reuters - 2 hours ago

Australia's Insignia Financial climbs to near 1-year high on broker upgrades

BUZZ-Australia's Insignia Financial climbs to near 1-year high on broker upgrades ** Shares of Insignia Financial IFL.AX advance as much as 6.8% to A$2.67, their highest since Aug 24, 2023 ** Co among toppers in benchmark index .AXJO ** Citi upgrades the Aussie wealth manager to "neutral" rating from "sell", hikes target price to A$2.65 per share f
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