Reuters

By Nimesh Vora

MUMBAI (Reuters) - The Indian rupee will open higher on Thursday after weak U.S. retail sales and cooling U.S. inflation made it more likely that the Federal Reserve will cut rates later this year.

Non-deliverable forwards indicate the rupee will open at 83.42-83.44 to the U.S. dollar, up from 83.50 in the previous session.

U.S. consumer prices increased less than expected in April, fuelling hopes that... (continue reading...)

By Danial Azhar

KUALA LUMPUR (Reuters) - Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.

The removal had drawn complaints from Malaysia's government, a vocal supporter of the Palestinian cause and which has warned that firm action could be taken against Meta and other social media companies if they were blocking... (continue reading...)

By Ben Blanchard and Yimou Lee

TAIPEI (Reuters) - Lai Ching-te takes office as Taiwan's president on Monday, facing a China that calls him a "dangerous separatist" and has ramped up military drills, as well as a fractured parliament at home where no party has a majority.

Lai, vice president for the past four years, succeeds President Tsai Ing-wen at a time Beijing has been increasing military and political pressure to assert sovereignty -... (continue reading...)

SEOUL (Reuters) - South Korea's state-run think tank on Thursday raised its economic growth forecast for this year and said inflation is expected to ease at a slightly slower pace, as it noted the need for gradual easing of monetary policy.

In its biannual economic forecast, the Korea Development Institute (KDI) projected the economy would now grow by 2.6% in 2024 compared to 2.2% before. In 2023, the economy grew at a three-year low of 1.4%.

TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Thursday there was no damage to its facilities after an incident at its Arizona factory construction site where a waste disposal truck driver was transported to hospital.

Firefighters responded to a reported explosion on Wednesday afternoon at the Taiwan Semiconductor Manufacturing Company plant in Phoenix, the Arizona Republic reported, citing the local fire department.

TSMC, the... (continue reading...)