FPI selling in Indian stocks moderates in first half of Feb – NSDL data

By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) selling in Indian equities moderated in the first half of February from the previous month, data from National Securities Depository Ltd. showed. (Graphic: FPI selling in Indian shares moderates in February, https://www.reuters.com/graphics/FPI-FEB1/FEB1-FPI/akpeqogobpr/chart.png) FPIs sold shares worth 48.06 billion rupees ($580.86 million) in the first half …

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Boxing-USA Boxing condemns IBA’s ‘misleading’ 2024 Olympic qualifiers

(Reuters) -The Russian-led International Boxing Association’s (IBA’s) announcement that its world championships are qualifiers for the 2024 Olympics is “false and misleading” and an attempt to sabotage qualification for the Paris Games, USA Boxing said. Eight countries, including the United States, are boycotting the upcoming women’s and men’s world championships in New Delhi and Tashkent …

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Factbox-Chinese business tycoons, executives who disappeared from public view

HONG KONG (Reuters) – The disappearance of star Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, is the latest in a series of cases of high-profile Chinese executives going missing with little explanation over the years. China Renaissance said late on Thursday it had been unable to contact Bao, a disclosure …

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Bank of Korea: benefits from China’s recovery to be less than in past

SEOUL (Reuters) – South Korea’s central bank said the economy would benefit from the end of China’s zero-COVID policy, thanks to strengthened exports and tourism, but added that positive effects from China’s economic recovery would be weaker than in the past. The late-2022 Chinese policy switch could also push up raw materials prices through increasing …

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Australia’s Coles H1 profit beats f’casts, but cost pressures loom

By Byron Kaye and Roushni Nair (Reuters) -Australia’s No. 2 grocer Coles Group Ltd said first-half profit beat analysts’ forecasts as reduced pandemic-related spending offset inflation, but it warned rising wages and energy bills continue to push up costs, sending its shares lower. After barnstorming sales during COVID-19 lockdowns, Coles and larger rival Woolworths Group …

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China’s top diplomat to arrive in Moscow Tuesday afternoon – TASS

(Reuters) – China’s top diplomat, Wang Yi, is due to arrive in Moscow Tuesday afternoon, Russia’s TASS news agency reported, citing an unidentified source close to the organisers of the visit. “As expected, Wang Yi will arrive in Moscow in the afternoon,” the source said. (Reporting by Lidia Kelly in Melbourne; Editing by Kim Coghill)