Gainers & Losers
NEW DELHI India's cabinet on Wednesday approved a plan to reduce its stake in five state-run general insurance companies to 75 percent from 100 percent, Finance Minister Arun Jaitley told reporters.
NEW DELHI India will consider Apple's request for incentives to invest in the country with an "open mind", Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday.
BENGALURU India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.
Indian shares were up on Wednesday as financial stocks gained on an upbeat start to the earnings season and ahead of quarterly results from major banks.
DAVOS, Switzerland HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain's exit from the European Union, Chief Executive Stuart Gulliver said on Wednesday.
BEIJING/SHANGHAI Beijing has some way to go to convince foreign businesses that it is serious about liberalising China's economy, despite President Xi Jinping's speech at Davos on Tuesday and new proposals to relax restrictions on foreign investment.
TOKYO A rally in global stock markets in the past few months is being driven more by improving economic fundamentals than by expectations of more U.S. fiscal stimulus under President-elect Donald Trump, a chief investment officer of Dutch asset management firm Robeco said.