Indian IT giant Infosys on Wednesday increased the lower end of its annual growth forecast for the current fiscal year after reporting better-than-expected results for the June quarter. The Bengaluru-headquartered firm also reported a 8.6 on-year increase in net profit to hit 69.2 billion rupees ($801 million) for the April-June quarter.
The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud. State prosecutors had sought a 20-year jail term, saying "this is one of the most serious cases of trade financing fraud that has ever been prosecuted in Singapore".
In what claims to be the only woman-run cafe in the capital of Indonesia's most conservative province, owner Qurrata Ayuni says she and her baristas provide an alternative to rowdy, smoke-filled male haunts. "I feel more connection if I ask something with a woman barista," said 21-year-old student Meulu Alina.
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation. After Trump's victory at the start of the month, markets had already been winding back their expectations for the number of rate cuts the Fed would announce next year.
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