Reuters exclusively reported that Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap.

The post Russia and China trade new copper disguised as scrap to skirt taxes, sanctions appeared first on Reuters News Agency.

Reuters exclusively reported that President Joe Biden is seeking to revive interest in a plan to build the first high-speed rail in the U.S. using Japanese bullet trains. The governments of both countries signalled support for the plan after their leaders met in Washington this week. 

The post Biden, Kishida likely to discuss Texas bullet train project, sources say appeared first on Reuters News Agency.

Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, with an aim to tap into a fast-growing market for such services in Southeast Asia.

The post Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender appeared first on Reuters News Agency.

Reuters exclusively reported that Indian Prime Minister Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade. 

The post Modi sets ambitious India economic goals for probable third term appeared first on Reuters News Agency.

Reuters exclusively reported that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud.

The post Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud appeared first on Reuters News Agency.

Reuters exclusively reported that Thai Prime Minister Srettha Thavisin called on the central bank to cut its key interest rate by at least a quarter point to support government efforts to revive Southeast Asia’s second-largest economy.  

The post Thai PM says central bank should cut rates to help economic revival appeared first on Reuters News Agency.

Reuters exclusively reported that the Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency. 

The post Bank of Korea considering forward guidance overhaul  appeared first on Reuters News Agency.

Reuters exclusively reported that India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves.

The post India asks traders to avoid buying new-season wheat to shore up state stocks  appeared first on Reuters News Agency.