Indian Edtech Startup UpGrads CEO Mohan Quits

MUMBAI, Jan 10 Reuters Indian online education firm UpGrad39;s chief executive Arjun Mohan has stepped down, he told Reuters on Tuesday, a toplevel departure that comes when the sector is reeling from growth challenges. Mohan39;s statement did not make it clear why he was leaving, but three sources familiar with the matter told Reuters the […]
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South Korea Dec 2022 Unemployment Rate Rises to 11mth High

SEOUL, Jan 11 Reuters South Korea39;s unemployment rate rose to an 11month high in December 2022, while the annual increase in employed people marked the smallest in 21 months, official data showed on Wednesday. The country39;s seasonallyadjusted unemployment rate for December stood at 3.3, higher than 2.9 in November and the highest since January, according […]
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China Imposes Transit Curbs for S.Korea, Japan in Growing COVID Spat

New curbs for S.Korea, Japan nationals transiting China China says visa suspensions for S.Korea, Japan reasonable Escalating diplomatic spat may complicate economic relations Social media users lash out at S.Korea39;s insulting COVID curbs BEIJING, Jan 11 Reuters China introduced transit curbs for South Korean and Japanese nationals on Wednesday, in an escalating diplomatic spat over […]
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Rupee may Firm on Smaller Fed Rate Hike Bets

MUMBAI, Jan 10 Reuters The Indian rupee is poised to open higher against the U.S. dollar on Tuesday, tracking more broad losses on the greenback, as traders bet that the Federal Reserve could opt for smaller interest rate hikes. The rupee will likely open at around 82.2582.30. The local currency ended at 82.36 on Monday, […]
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Equity Mutual Fund Inflows more than Triple in Dec Data

BENGALURU, Jan 10 Reuters Inflows into Indian equity mutual funds more than tripled to 73.03 billion rupees 888.74 million in December 2022 from the previous month, data from the Association of Mutual Funds in India AMFI showed. The inflows came despite the broader indexes, NSE Nifty 50 and SP BSE Sensex, seeing a selloff to the […]
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BlackRocks iShares Flows Top Vanguards ETFs, Fixed Income on Up

NEW YORK, Jan 11 Reuters BlackRock39;s iShares exchange traded funds ETFs gained more net flows than Vanguard39;s ETFs last year, according to estimates from industry tracker Morningstar, putting the world39;s biggest asset manager in the lead for the first time since 2019. BlackRock and Vanguard are the world39;s two biggest asset managers as well as […]
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