Last checked at June 4 (Reuters) - GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange are 0.09percent down and the MSCI-Asia Pacific index excluding Japan is 0.18 percent higher. * Asian shares recovered from their lowest in about sixmonths on Tuesday as weak new U.S. manufacturing data easedworries about the Federal Reserve's stimulus programme, althoughinvestors were cautious before a more important jobs reportlater in the week. * U.S. stocks rose on Monday as weaker-than-expected factoryactivity supported views the Federal Reserve will keep economicstimulus in place, while gains in Merck & Co lifted drugcompanies. FACTORS TO WATCH * India cabinet may meet to decide on Vodafone tax dispute.(1400 GMT) * Delhi High Court will hear a petition by US drugmakerMerck & Co, which has accused Glenmark Pharma of patentinfringement on two diabetes drugs. INDIAN STOCKS TO WATCHFor additional press items double click NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy. India's cbank clarifies rules for new bank licences -Reuters EXCLUSIVE-EU to fine Lundbeck, others for blocking genericdrugs, including India's Ranbaxy - Reuters Idea in talks with Axiata to sell tower business - EconomicTimes (http://link.reuters.com/qux58t) DoT slaps 12.63 billion Indian rupees ($222.36 million) fineon Vodafone for underreporting revenues - Economic Timeshttp://link.reuters.com/rux58t Government defines "group company" to remove FDI ambiguities- Economic Times (http://link.reuters.com/sux58t) Steel Authority Of India's production rises 11 pct in May -Reuters Wipro acquires minority stake in Axeda Corp for $5 mln -Reuters State Bank Of India cuts interest rate on bulk deposits -Reuters India's May gold imports jump, more curbs possible - Reuters India cbank does not target any particular exchange rate,says chief-TV - Reuters Rs 55 billion loans to MFIs may become NPAs by September-end- Business Standard (http://link.reuters.com/tux58t)($1 = 56.8000 Indian rupees) (Compiled by Manoj Rawal)
25 Jan 2024 11:33
Emirates stake in Vodafone poses national security risk, UK says
LONDON, Jan 25 (Reuters) - Emirates Telecommunications' stake in Vodafone is a national security risk in respect of the British company's government contracts, Britain said, adding that Vodafone should take steps to manage the risk. (Reporting by Paul Sandle and Elizabeth Piper, Editing by Kylie MacLellan)
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