Asia Business

Philippine Finance chief wants samurai bond issue every other year-Nikkei

18/08 Philippine Finance Secretary Carlos Dominguez would like his country to issue yen-denominated "samurai" bonds every two years after a successful issuance of such bonds earlier this month, Japan's Nikkei business daily on Saturday quoted him. . .  Full story

China sacks 6 senior officials at food and drug regulator over vaccine scandal

18/08 China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate. . .  Full story

Worst floods in a century kill scores in India's Kerala

17/08 The worst floods in a century in the Indian state of Kerala have killed 164 people and forced more than 200,000 into relief camps, officials said on Friday, with the toll expected to rise. . .  Full story

Saudi Aramco committed to meeting future oil demand- energy minister

17/08 Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih said in a company report on Friday.. . .  Full story

German bond yields hit one-month low as Turkey worries resurface

17/08 German bond yields returned to one-month lows on Friday as the threat of more U.S. sanctions on Turkey hit the lira once again, boosting demand for safe-haven assets including high-grade euro zone government debt.. . .  Full story

Malaysian financier wanted in 1MDB probe says he will not surrender

17/08 A Malaysian financier wanted for his role in the multi-billion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any. . .  Full story

Asia Gold-Buyers snap up bargains as price dive revives demand

17/08 Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months, with lower prices attracting fresh buying and driving premiums higher in other. . .  Full story

In rare move, China punishes ratings agency Dagong over violations

17/08 One of China's biggest debt rating agencies has been punished by the securities regulator and a supervisory group under the central bank, in a rare rebuke that underscores Beijing's concern about credit risks at. . .  Full story

World's top pork firm shuts China slaughterhouse in race to contain deadly swine fever

17/08 China has ordered the world's top pork producer, WH Group Ltd, to shut a major slaughterhouse as authorities race to stop the spread of deadly African swine fever (ASF) after a second outbreak in. . .  Full story

Taiwan nudges up 2018 growth outlook, sees slower pace next year

17/08 Export-reliant Taiwan raised its 2018 economic growth forecast on Friday for the third time this year, despite worries about global trade frictions and softening demand for its hi-tech gadgets.. . .  Full story

SE Asia Stocks-Most markets rise on plans for U.S.-China trade talk

17/08 Most Southeast Asian stock markets ended higher on Friday after China and the United States agreed to hold their first trade talks since June later this month and the Turkish lira extended its recovery. . .  Full story

S.Korea's poor job data increases pressure on Moon to boost growth

17/08 South Korea's president is under mounting pressure to create more jobs and spur economic growth after his plan to boost demand by sharply hiking minimum wages has backfired.. . .  Full story

Oman oil output 975,500 bpd in July, ministry says

17/08 Oman's crude oil and condensate production averaged 975,500 barrels per day in July, the oil ministry said on its website on Friday. (Reporting by Maher Chmaytelli; Editing by Susan Fenton). . .  Full story

Turkish firms and government face $3.8 bln bond crunch in Oct -SocGen

17/08 Turkey and its firms face repayments of nearly $3.8 billion on foreign currency bonds in October as the country struggles with a plunging lira that has lost more than a third of its value. . .  Full story

BOJ may be 'stealth tapering' in stock markets, analysts say

17/08 Japan's central bank appears to be growing more comfortable with larger declines in the country's stock prices, a sign it may have begun in the share market what analysts describe as "stealth tapering" of. . .  Full story

Japan ministries may have fiddled numbers of disabled employees - media

17/08 Several ministries in Japan may have been inflating for decades the number of disabled people they employ in order to meet quotas, media said on Friday, even as the government imposes levies on private. . .  Full story

Hong Kong shares rise on Tencent rebound, easing trade tensions

17/08 Hong Kong shares closed higher on Friday after five consecutive days of losses, as index heavyweight Tencent made rebound after its recent battering, and in response to hopes talks next week between the U.S.. . .  Full story

China's money rates rise on signs of liquidity tightness

17/08 China's primary money rates rose over the past week as corporate tax payments drove demand for funds in the financial system, prompting the central bank to resume liquidity injections through its bond facilities.. . .  Full story

Shanghai stocks end at 31-month low as healthcare firms slump

17/08 Shanghai stocks closed at a near 31-month low on Friday, dragged down by a slump in healthcare firms amid a vaccine scandal fallout, but planned talks between the United States and China helped ease. . .  Full story

Malaysia's Mahathir faces headwinds as Q2 economic growth falters

17/08 Malaysia cut its full-year growth forecast and reported much slower second-quarter expansion on Friday, as the country reviews mega projects and tackles a massive debt left by the previous government.. . .  Full story

Nikkei rises on hopes for U.S.-China trade talks; chip-related stocks fall

17/08 Japan's Nikkei rose on Friday on hopes that talks between China and the United States next week would ease trade tensions, but chip-related stocks fell after Applied Materials disappointed investors with worse-than-expected earnings forecasts overnight.. . .  Full story

Temasek-backed Chinese travel site aims to raise up to $300 mln - sources

17/08 A Chinese travel website backed by Singaporean state investor Temasek Holdings hopes to raise up to $300 million in a new funding round that it hopes to value the firm at $2 billion to. . .  Full story

JGBs post modest gains on central bank bond-buying operation

17/08 Japanese government bond prices rose modestly on Friday, helped by a regular debt-buying operation conducted by the central bank.. . .  Full story

Vaccine scandal weighs on China shares; HK stocks climb

17/08 Shares in China fell on Friday, pulled down by healthcare companies after a vaccine maker warned it could be delisted due to an ongoing vaccine scandal, but planned talks between the United States and. . .  Full story

Japan July inflation seen ticking up but still far from BOJ target

17/08 Japan's core consumer inflation rate likely picked up slightly in July but due mostly to rising energy costs rather than robust demand, a Reuters poll showed, further evidence the central bank is making little. . .  Full story

Nikkei rises on U.S.-China trade talks; chip-related stocks fall

17/08 Japan's Nikkei rose on Friday morning as trade tensions appeared to ease and gains in U.S. shares supported sentiment, but chip-related stocks fell after Applied Materials disappointed investors with worse-than-expected earnings forecasts overnight.. . .  Full story

China sacks top official over vaccine scandal, firm may de-list

17/08 China has sacked a senior provincial official and is probing a former top drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd, which again warned it could be delisted over the. . .  Full story

China cenbank's maturing bills, repos next week

17/08 Maturing Chinese central bank reverse bond repurchase agreements will drain 130 billion yuan ($18.90 billion) next week. The People's Bank of China (PBOC) has drained 1.12 trillion yuan on a net. . .  Full story

China's new 2-year treasury futures flat on first day of trade

17/08 China's new two-year benchmark treasury futures were flat on the their first day of trade on Friday.. . .  Full story

China weekly open market operations; drains 1.12 trln yuan YTD

17/08 The People's Bank of China (PBOC) has drained 1.12 trillion yuan ($162.81 billion) on a net basis from money markets via open market operations so far this year. China's. . .  Full story

Japan's manufacturers most confident in 7 mths despite trade war worries -Reuters Tankan

17/08 Business confidence among Japanese manufacturers was at its highest in seven months in August thanks to a firm global economy, a Reuters poll showed on Friday, but the service sector's mood hit its lowest. . .  Full story

Oil steadies but outlook for demand grows gloomy

16/08 Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.. . .  Full story

-China finds second African swine fever case at WH Group plant

16/08 China found its second case of African swine fever (ASF) on Thursday at a slaughterhouse owned by WH Group Ltd's Chinese unit, stirring concerns about the spread of the deadly infection across the world's largest. . .  Full story

India monetary policy panel cites inflationary risks as reason for rate hike

16/08 India's monetary policy committee (MPC) members cited possible risks of inflation in the second half of the year as one of the key drivers for raising interest rates in August, according to minutes of. . .  Full story

China to prosecute suspects, confiscate illegal income of scandal-hit vaccine maker

16/08 Chinese authorities will prosecute all suspects in a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd and confiscate its illegal earnings, state broadcaster CCTV reported on Thursday.. . .  Full story

Japan must act to protect Fukushima clean-up workers: UN experts

16/08 Japan must act urgently to protect tens of thousands of workers labouring to clean up the damaged Fukushima Daiichi nuclear power station from reported exploitation and exposure to radiation, U.N. human rights experts said on. . .  Full story

China nearly quadruples infrastructure approvals in July as growth slows

16/08 China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looks to accelerate infrastructure spending to stabilize the cooling economy.. . .  Full story

Iraqi southern oilfields export 3.6 mln bpd so far in August

16/08 Iraq exported an average of 3.6 million barrels per day (bpd) from its southern oilfields so far in August, two oil executives said on Thursday.. . .  Full story

China ploughs $144 bln into shantytown redevelopment so far in 2018

16/08 China has invested 990 billion yuan ($143.63 billion) for a massive urban redevelopment project in the first seven months of 2018, the housing ministry said on Thursday.. . .  Full story

China court rejects appeal from Anbang's jailed ex-boss Wu Xiaohui

16/08 A Chinese court has rejected an appeal by Anbang Insurance Group Co Ltd's former chairman, Wu Xiaohui, against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of. . .  Full story

SE Asia Stocks-Most markets fall as risk appetite remains fragile

16/08 Most Southeast Asian stock markets tracked broader Asia to end lower on Thursday, as Turkey's currency woes and concerns of slowing economic growth in China weighed on investor risk appetite. However,. . .  Full story

Hong Kong shares fall for 5th straight day; Tencent down 3 pct

16/08 Shares in Hong Kong fell for a fifth consecutive session on Thursday, as concerns over slower growth in China and Turkey's currency crisis weighed on regional markets, but hopes of a possible rapprochement between. . .  Full story

Thailand to ban imports of high-tech trash, plastic waste

16/08 Thailand will ban imports of 432 types of scrap electronics within six months, an environment ministry official said on Thursday, the latest country to respond to China's crackdown on imports of high-tech trash this year.. . .  Full story

China stocks fall for fourth session; news of trade talks caps decline

16/08 China stocks hit a near two-and-half-year low in early trading on Thursday as the yuan's recent fall dampened investor confidence, but news of Sino-U.S. trade talks later this month helped recoup some of the. . .  Full story

Nikkei ends lower on hopes of new U.S.-China trade talks

16/08 Japan's Nikkei ended lower on Thursday after paring early losses following news of fresh talks between China and the United States, which raised hopes of a potential thaw in their trade war and weakened. . .  Full story

Asian physical rubber prices - Aug 16

16/08 Grade Prices Thai RSS3. . .  Full story

Digital payment firms fight for Hong Kong market

16/08 Hong Kong's shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payments firms fight for retailers and shoppers.. . .  Full story

China Evergrande invests in project to build world's fastest supercomputer

16/08 Property developer China Evergrande Group on Thursday said it will invest 1.65 billion yuan ($239.53 million) into six high-tech projects by the Chinese Academy of Sciences, including one aimed at building the world's fastest supercomputer.. . .  Full story

China stocks extend losses on weak yuan; trade talks report caps fall

16/08 China stocks hit a near two-and-half-year low in early trading on Thursday as the yuan's descent dampened investor confidence, but news of Sino-U.S. trade talks later this month helped recoup some of the losses. **. . .  Full story

Nikkei erases early losses on hopes for new US-China trade talks

16/08 Japan's Nikkei erased losses on Thursday morning following news of coming talks between China and the United States, which raised hopes of an easing of their trade war and made the yen weaken.. . .  Full story

China's solar giant GCL to make electric car move in new 'eco-town'

16/08 China's leading solar equipment manufacturer GCL is planning a move into the electric vehicle sector, aiming to make use of its expertise in energy to gain a vital competitive advantage in an increasingly crowded industry,. . .  Full story

South Korea to spend more to counter 'worst job market since the financial crisis'

16/08 South Korea's finance minister said on Thursday the government will raise its spending by more than planned until 2022 to counter a feeble weak labour job market and economic polarisation as inequality in South. . .  Full story

Egypt to export gas starting January, says minister - El Watan

15/08 Egypt's petroleum minister said on Wednesday that the country would begin exporting natural gas in January, news website El Watan reported.. . .  Full story

Bund yields lowest in over a month on risk aversion, dollar gains

15/08 German Bund yields hit their lowest in over a month late on Wednesday as Turkey's currency crisis rumbled on and global trade worries grew, fuelling demand for safe-haven assets.. . .  Full story

China securities regulator revises regulations on stock incentive plans

15/08 China securities regulator said on Wednesday it has issued revised regulations on stock incentive management plans of domestically listed companies, as part of its efforts to open up its markets to more foreign investment.. . .  Full story

Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets

15/08 Abu Dhabi shares ended 1.1 percent higher on Wednesday, bucking weakness in other major Gulf markets which were dragged down by concerns about the Turkish economy as market activity slowed ahead of a Muslim. . .  Full story

Sri Lankan shares extend falls, foreign investors cut holdings in John Keells

15/08 Sri Lankan shares fell for a fourth straight session on Wednesday, as foreign investors pared holdings in market heavyweight John Keells Holdings amid global worries.. . .  Full story

Afghans, Syrians help German firms fill training vacancies

15/08 German companies managed to attract more apprentices to on-the-job training schemes last year due to a surge in applications from asylum seekers from Afghanistan and Syria, data showed on Wednesday.. . .  Full story

Chalco's H1 profit rises 15.1 pct y/y on lower costs

15/08 Aluminum Corp of China Ltd , known as Chalco, on Wednesday said its first-half net profit rose by 15.1 percent from a year earlier as lower costs offset a more than 10 percent drop. . .  Full story

SE Asia Stocks-Indonesia bounces back after rate hike; Thailand extends falls

15/08 Indonesian shares bounced back on Wednesday after the central bank raised rates for the fourth time since mid-May to defend the rupiah, while Thai and Vietnam stocks fell in line with broader Asia.. . .  Full story

Regional weakness drags Hong Kong shares to end near one-year low

15/08 Stocks in Hong Kong fell on Wednesday along with their regional counterparts, ending near one-year lows on bearish Chinese investor sentiment and broader concerns about emerging markets sparked by Turkey's financial crisis. ** At close. . .  Full story

China stocks deepen rout on economic worries, falling yuan

15/08 China stocks extended losses on Wednesday to a third straight day of declines as worries over the country's cooling economy and the yuan's descent to a 15-month low knocked investor confidence.. . .  Full story

Iran oil minister to attend JMMC meeting in Algeria in September- ISNA

15/08 Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/non-OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students' News Agency (ISNA) reported on Wednesday.. . .  Full story

China's Hebei province vows 15 pct cut in smog by 2020

15/08 The northern Chinese province of Hebei will cut smog by a further 15 percent by 2020 and aims to make almost half its groundwater supplies safe for human use by the end of the. . .  Full story

China finance ministry sets minimum local govt bond rates via 'window guidance' - sources

15/08 China's Ministry of Finance has instructed underwriters of local government bonds that the bid rates for the bonds should be at least 40 basis points above the mean rate for central government bonds, three. . .  Full story

Nikkei drops; gaming sector hit by China halting approvals

15/08 Japan's Nikkei dropped on Wednesday morning as profit-taking hit after the previous day's sharp gains, though the drops were limited as the yen's weakness against the dollar aided investor sentiment.. . .  Full story

China's Jiangsu province to consolidate steel mill locations in efficiency drive

15/08 China's second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to. . .  Full story

Mekong River body welcomes Laos' decision to suspend new dam projects

15/08 The Mekong River Commission welcomed on Wednesday a decision by the Laos government to suspend approval of new dams while reviewing all dams currently under construction following the collapse of part of a hydropower project. . .  Full story

Malaysia's Aug 1 - 15 palm oil exports fall 14.6 pct -AmSpec Agri

15/08 Exports of Malaysian palm oil products for August 1 - 15 fell 14.6 percent to 415,719 tonnes from 486,609 tonnes shipped during July 1 - 15, according to independent inspection company AmSpec. . .  Full story

Indonesia's July trade deficit larger than expected at $2 bln

15/08 Indonesia posted a large trade deficit in July as imports surged more than expected, according to data released by the statistics bureau on Wednesday.. . .  Full story

HK stocks hit near 1-year low as tech shares slump; China slips

15/08 Hong Kong stocks extended declines on Wednesday, with the benchmark Hang Seng index tumbling to its lowest in nearly one year, pulled down by losses in technology firms.. . .  Full story

China's Zhenhua Oil forms LNG investment, trading business unit

15/08 China's Zhenhua Oil Corp, a subsidiary of Chinese defence conglomerate Norinco, has set up a new business unit to invest in liquefied natural gas (LNG) terminals and trade the fuel to help feed the. . .  Full story

China's new home price growth hits 2-year high as small cities boom

15/08 China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fueling a property bubble.. . .  Full story

Nikkei edges lower as profit-taking hits; index heavyweights fall

15/08 Japan's Nikkei edged lower on Wednesday morning as profit-taking hit after the previous day's sharp gains, though the drops were limited as the yen's weakness against the dollar aided investor sentiment.. . .  Full story

Developers' cashflow squeezed as Shenzhen tightens rules on serviced apartments

15/08 New tightening measures imposed on business apartment developments in Shenzhen, China's Silicon Valley, could seriously undermine some developers' cashflow as they find they may have fewer saleable assets than anticipated.. . .  Full story

China's student activists cast rare light on brewing labour unrest

15/08 When Shen Mengyu graduated with a master's degree from a top Chinese university in 2015, she could have landed a comfortable job in government or at one of China's internet giants.. . .  Full story

China injects 383 bln yuan through 1-year MLF, rate unchanged - statement

15/08 China's central bank lent 383 billion yuan ($55.62 billion) to financial institutions on Wednesday via its one-year medium-term lending facility (MLF) with rates unchanged, it said in a statement.. . .  Full story

China property price changes in July

15/08 Following is a breakdown of average new home price changes in major Chinese cities in July, announced by the National Bureau of Statistics on Wednesday. Home price figures. . .  Full story

S.Korea's July crude oil imports from Iran fall over 40 pct y/y

15/08 South Korea's imports of Iranian crude dropped 43.5 percent in July from a year earlier, with buying fading amid looming U.S. sanctions against supply from the Middle Eastern nation.. . .  Full story

Oil slips as strong dollar pressures, equities gains support

14/08 Oil prices edged lower on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey.. . .  Full story

S.Korea's Iran crude imports for July down 43.5 pct y/y -customs

14/08 South Korea imported 788,651 tonnes of crude oil from Iran in July, down 43.5 percent from a year ago, preliminary data from Korea Customs Service showed on Wednesday. That is equivalent to. . .  Full story

India imported 4.6 mln bpd oil in July, almost flat year-on-year - trade

14/08 India imported about 4.6 million barrels per day (bpd) of oil in July, almost flat compared to a year earlier, according to data from shipping and industry sources. Saudi Arabia. . .  Full story

Sri Lankan shares edge lower to 5-week closing low

14/08 Sri Lankan shares edged lower in thin trade on Tuesday and posted their lowest close in nearly five weeks, as lacklustre corporate results dented investor sentiment for the island nation's risky assets, stockbrokers said.. . .  Full story

As economy cools, China sets deadline for local government special bond sales

14/08 China's Finance Ministry told local governments on Tuesday to speed up issuance of special bonds used to fund infrastructure projects, as Beijing looks to boost investment amid slowing economic activity and trade headwinds with the. . .  Full story

Mubadala offers to sell $150 mln of shares in Malaysia's RHB Bank -sources

14/08 Abu Dhabi sovereign fund Mubadala Investment Company has offered to sell around $150 million worth of shares in Malaysia's RHB Bank Bhd in a block trade on Tuesday, sources familiar with the deal said.. . .  Full story

Noble Group warns of liquidity constraints as it reports Q2 loss

14/08 Singapore-listed Noble Group Ltd, which is pursuing a $3.5 billion debt restructuring to stay afloat, warned of liquidity constraints as it reported a second-quarter net loss that was also caused in part by restructuring expenses.. . .  Full story

SE Asia Stocks-Philippines, Indonesia extend falls on Turkey woes

14/08 Most Southeast Asian stock markets closed lower on Tuesday, with the Philippines and Indonesia shedding about 1.5 percent each, as the collapse of Turkish lira continued to hurt risk appetite in emerging markets.. . .  Full story

Drugmaker Cipla's Ugandan unit prices IPO

14/08 The Ugandan unit of Indian drugmaker Cipla priced its initial public offering on Tuesday at 256.5 shillings per share, aiming to raise $45 million from its listing on the Kampala stock exchange next month.. . .  Full story

Ugandan drugmaker Cipla prices IPO at 256.5 shillings per share

14/08 Uganda's Cipla Quality Chemical Industries has priced its initial public offering at 256.5 shillings ($0.0688) per share, the company said on Tuesday.. . .  Full story

China Literature shares plunge 17 pct after user numbers slide

14/08 China Literature Ltd 's shares fell 17 percent on Tuesday, after it reported first-half results that showed a drop in the average number of monthly paying users and announced a $2.3 billion acquisition.. . .  Full story

German retailer Ceconomy to review pace of expansion in Turkey

14/08 German consumer electronics retailer Ceconomy said it will reconsider its rapid pace of expansion in Turkey in light of the lira's recent collapse, but saw no reason to change its long-term view on the country's. . .  Full story

China fast-tracking more railways to spur growth; $14 bln for Suzhou

14/08 China's state planner has approved the second major urban railway project within days as it looks to shore up slowing growth in the world's second-largest economy.. . .  Full story

DAMAC Properties "holds its nerve" amid Dubai real estate slump – CFO

14/08 Dubai's DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sales since the. . .  Full story

Hong Kong stocks fall for 3rd day after soft China data

14/08 Hong Kong stocks fell for a third straight session on Tuesday, after data showed further signs of cooling in China's economy and as trade war worries lingered. ** The Hang Seng index fell 0.7 percent. . .  Full story

New Israel central bank chief may only be appointed in 2019 -finmin

14/08 Israel's central bank governor may be appointed only after the next national election, due in 2019, Finance Minister Moshe Kahlon said on Tuesday.. . .  Full story

Japan's Don Quijote rides high on rule-breaking reputation

14/08 Japanese discount retailer Don Quijote Holdings Co Ltd was once the industry's enfant terrible, overturning standard retail practices with its cluttered and chaotic stores that sell everything from faux leopard-skin rugs to designer watches.. . .  Full story

China stocks end lower after data shows economy cooling

14/08 China stocks ended lower on Tuesday after data showed further signs of cooling in the country's economy and as trade war worries lingered. ** The blue-chip CSI300 index fell 0.5 percent to 3,372.91 points while. . .  Full story

Turkish bank debt extends losses, sovereign bonds steady

14/08 Dollar-denominated bonds issued by selected Turkish banks continued to fall on Tuesday, although sovereign bonds steadied as the lira firmed 4 percent after hitting a record low of 7.24 per dollar a day earlier.. . .  Full story

Nikkei posts biggest gain since March after Turkish lira pares losses

14/08 Japan's Nikkei on Tuesday rebounded from a five-week low, posting its biggest one-day gain since March as export-driven firms benefited from a pause in the safe-haven yen's strengthening while the battered Turkish lira firmed.. . .  Full story

Nikkei rebounds from 5-week low as Turkish lira recovers

14/08 Japan's Nikkei rebounded from a five-week low on Tuesday, as export-driven firms benefited from a pause in the safe-haven yen's appreciation following the Turkish lira's partial recovery.. . .  Full story

China coal output hits lowest in years, but heatwave boosts power generation

14/08 China's coal output fell 2 percent in July to its lowest in years as Beijing's crackdown on polluting industries crimped mining in the world's top consumer of the fuel, driving import demand as hot. . .  Full story

China appoints Zhu Hexin as vice governor of

14/08 China's human resources ministry said on Tuesday that Zhu Hexin has been appointed as the vice governor of the People's Bank of China (PBOC).. . .  Full story