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World Bank Cuts Thai Growth to 2.8 on Weaker Exports

BANGKOK, April 1 Reuters Thailand39;s economic growth is expected at 2.8 this year before accelerating to 3.0 in 2025, the World Bank said on Monday, on account of weak exports and a delayed budget. The growth outlook for 2024 and 2025 was reduced from 3.2 and 3.1 respectively, as forecast in December. Southeast Asia39;s secondlargest economy expanded 1.9 in […]
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Rakuten Group Aims to Integrate Bank, Fintech Units

TOKYO, April 1 Reuters Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities and insurance. Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the reorganisation, which is set to take […]
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Oil Rises, Investors Bet on Tighter Supply, Chinas Economy

LONDON, April 1 Reuters Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported the outlook for improving demand. Brent crude was 25 cents, or 0.3, higher at 87.25 a barrel by 0830 GMT after rising 2.4 last […]
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Indias Prestige Estates Inks 240M Real Estate Deal with ADIA, Kotak AIF

BENGALURU, April 1 Reuters Indian real estate developer Prestige Estates Projects has signed a 20.01 billion rupee about 240 million deal with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund to develop residential projects in the country. The deal is to develop residential projects in prominent locations across the Indian cities of Bengaluru, Mumbai, […]
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Hyundais India Unit, Mahindra Post Higher March Sales

BENGALURU, April 1 Reuters Mahindra Mahindra and Hyundai Motor39;s India unit reported higher car sales in March and both the companies ended fiscal 2024 with record sales figures, monthly data from the automakers showed on Monday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. Maruti Suzuki, Tata Motors and Hero MotoCorp will report […]
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