Indian rupee rises most in five years, beats most Asian peers

MUMBAI – The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war. A decline in oil prices and the rally […]

Why India’s Modi wants to increase control over the central bank

MUMBAI/NEW DELHI – An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the institution’s reserves. While historically […]

Rebels kill TV cameraman, 2 policemen in central India

PATNA, India — Maoist rebels killed a cameraman working for a state-run television channel and two policemen in an ambush Tuesday in an insurgency-hit state in central India. Police officer P. Sunder Raj said two other officers were wounded in the attack in Dantewada district, a Maoist stronghold […]

US reimposes all Iran sanctions lifted under nuclear deal

WASHINGTON— The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions will take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the second batch of penalties that the administration has […]

Pakistan shuts phone networks as Islamists protest over Christian woman

LAHORE/ISLAMABAD – Pakistan suspended mobile phone networks in major cities on Friday and many schools were closed as Islamist groups protested for a third day against the acquittal of a Christian woman facing the death penalty for blasphemy. The Supreme Court on Wednesday overturned the conviction of Asia […]

Killings in Assam raise tension over citizenship survey

NEW DELHI – Suspected Indian militants shot dead five Bengali-speaking Hindu men in the sensitive border state of Assam late on Thursday, police said, as tension grows over a controversial citizenship test to identify illegal immigrants from neighbouring Bangladesh. Assam, home to 33 million people, has suffered years […]

M.J. Akbar says had consensual relations with journalist accusing him of rape

NEW DELHI – M.J. Akbar, who resigned from the government last month after more than a dozen women accused him of sexual harassment, said on Friday he had a consensual relationship with a New York-based journalist who has accused him of raping her. Pallavi Gogoi, chief business editor […]

Exclusive: Mastercard lodged U.S. protest over Modi’s promotion of Indian card network RuPay

NEW DELHI – Mastercard told the United States government in June that Prime Minister Narendra Modi was using nationalism to promote the use of domestic payments network RuPay, and New Delhi’s protectionist policies were hurting foreign payment companies, a document seen by Reuters showed. Modi has in recent […]

Russia blames rocket failure on mistake during assembly

MOSCOW— A Russian space investigation has found that sensor that was damaged during assembly forced a Russian rocket to abort its trip two minutes after it was launched, a top Russian official said Thursday. The Soyuz-FG rocket carrying NASA astronaut Nick Hague and Roscosmos cosmonaut Alexei Ovchinin failed […]

Sensex reclaims 35,000, zooms over 570 pts on easing crude price

Mumbai : Continuing its rally, the BSE benchmark Sensex reclaimed the key 35,000-mark after nearly one month by surging over 570 points in late morning trade Friday as buying pace gathered momentum, triggered by fall in global crude prices and encouraging corporate earnings. Moreover, positive leads from other Asian […]

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