18/06 Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer's outlets said on Tuesday.
06h12 Indonesia plans to cut several
different taxes to boost investment and accelerate economic
growth, its finance minister said on Wednesday, after noting the
government's 2019 growth target may be hard to reach.. . .
06h08 The Bank of Japan kept monetary
policy steady on Thursday, preferring to save its dwindling
ammunition as a darkening global growth outlook prompts other
major central banks to drop hints of additional stimulus.. . .
06h02 Most Southeast Asian stock markets edged
higher on Thursday, as dovish comments from the U.S. Federal
Reserve boosted global equities, while signs that Sino-U.S.
trade talks were set to resume also helped sentiment.. . .
19/06 Himalayan glaciers have been
melting twice as fast since the start of this century,
underscoring the threat the climate crisis poses to water
supplies for hundreds of millions of people across Asia,
according to a. . .
19/06 Turkey's main opposition party
filed a motion to parliament on Wednesday saying that
adjustments to the methodology used by Turkey's Statistical
Institute (TUIK) when calculating inflation were unprecedented
and damaged credibility.. . .
19/06 Indonesia's Peatland
Restoration Agency said on Wednesday that it aims to restore
200,000 hectares of peatland in 2019, as it races to reach a 1
million hectare restoration target by the end of next. . .
19/06 Clashes erupted between
Bangladeshi and Chinese construction workers at a Chinese-funded
power station in southern Bangladesh on Wednesday in which a
Chinese worker was killed, the manager said.. . .
19/06 Southeast Asian stocks closed firmer on
Wednesday as European Central Bank President Mario Draghi's
comments indicating the possibility of fresh rate cuts fuelled
hopes of a worldwide wave of central bank stimulus.. . .
19/06 Israel is creating a system
for new publicly traded funds to invest in a multi-billion
dollar pipeline of infrastructure projects, a move that would
lower finance costs and offer the public new investments with
tax. . .
19/06 Hong Kong stocks on Wednesday posted
their best session since November 2018 as mood turned optimistic
about Sino-U.S. trade talks, and as investors expected a
worldwide wave of policy easing by central banks.. . .
19/06 Japan's property market has yet
to show signs of over-heating but warrants attention as
financial institutions are increasing their lending to the
sector, a senior central bank official said on Wednesday.. . .
19/06 Japan's Nikkei rallied hard to
end near six-week highs on Wednesday on news that the United
States and China will revive talks on trade, while expectations
the U.S. Federal Reserve will cut rates this. . .
19/06 India's monsoon has progressed
more slowly than usual after hitting the southern state of
Kerala nearly a week late. Monsoon rains have been 44%
lower-than-average so far in June, delaying the sowing of
summer-sown crops. . .
19/06 Most investors in SoftBank Group
Corp's $100 billion Vision Fund want to join the
group's forthcoming second fund, and discussions with those
investors will begin soon, SoftBank founder and Chief Executive
Masayoshi Son said on. . .
19/06 Japan's Nikkei surged to
four-week highs on Wednesday morning on news that the United
States and China will rekindle talks on trade, while ongoing
expectations that the U.S. Federal Reserve will cut rates this
year. . .
19/06 China and Hong Kong stocks
opened sharply higher on Wednesday morning, tracking a robust
global rally, after Washington rekindled trade talks with
Beijing, boosting sentiment that was already rising on prospects
for U.S. interest rate. . .
18/06 OPEC has again proposed to move
dates of its next meeting, now suggesting July 1-2, two sources
familiar with the matter said, as Saudi Arabia, Iran and
non-OPEC Russia are struggling to agree a. . .
18/06 Environmental groups called on
Tuesday for Southeast Asian countries to ban waste imports from
developed countries to help tackle a plastic pollution crisis,
as regional leaders prepare to meet this week in Bangkok.. . .
18/06 Most Southeast Asian stock markets
closed higher on Tuesday, but gains were capped as investors
kept a cautious stance ahead of the U.S. Federal Reserve meeting
set to begin later in the day.. . .
18/06 Japan's government left its
assessment of the economy unchanged in June, after revising it
down twice in the past three months, even as the escalating
U.S.-China trade war threatens to take a heavier toll. . .
18/06 Vietnam has culled more than 2.5
million pigs to contain the spread of an African swine fever
outbreak that is in danger of infecting every province of the
country, an agriculture ministry official said. . .
18/06 Turkish industrial production
fell a greater-than-expected 4.0% year-on-year in April, the
Turkish Statistical Institute said on Tuesday, reflecting the
impact of renewed lira weakness as the index declined for an
eighth consecutive month.. . .
18/06 Indonesian copper miner Amman
Mineral Nusa Tenggara said on Tuesday it expects to export about
236,000 tonnes of copper concentrate in 2019, below its export
quota, as it increases shipments to a local smelter.. . .
18/06 Japanese government bond prices
gained on Tuesday due to decent results at five-year bond
auction and as domestic share prices dipped on uncertainties
over the global economic outlook and Sino-U.S. trade frictions.. . .
18/06 Bank Indonesia is expected to
keep its benchmark interest rate steady at a policy review on
Thursday, but it may begin to follow other Asian central banks
by cutting later this year, a Reuters. . .
18/06 Indonesian state energy company
PT Pertamina on Tuesday said it was extending
negotiations with Saudi Aramco on the potential joint
development of an oil refinery in the country by another three
months.. . .
18/06 The Philippine central bank is
expected cut benchmark rates for the second meeting in a row on
Thursday, though a Reuters poll suggested it would be a close
call as policymakers try to strike. . .
18/06 New home prices in China rose
at their fastest pace in five months in May, complicating
government efforts to keep frothy housing markets under control
as it rolls out more stimulus for the slowing. . .
17/06 The global oil market is
“unstable and fragile”, Iranian Oil Minister Bijan Zanganeh told
Russian Energy Minister Alexander Novak in a meeting in Tehran,
Iran state broadcaster IRIB said on Monday.. . .
17/06 Jet Airways' creditors
said on Monday they plan to begin insolvency proceedings against
the Indian airline in a last-ditch bid to find a buyer for the
carrier or its remaining assets and recover some. . .
17/06 Egyptian cement maker Tourah
Cement, a subsidiary of Germany's HeidelbergCement
, says it has suspended production because of financial
distress caused by oversupply in the Egyptian market and is
considering liquidation.. . .
17/06 The Bank of Japan's staff
bookstore underscores the intellectual battle lines in what has
become a renewed debate over the central bank's mission and a
contest to define Governor Haruhiko Kuroda's legacy.. . .
17/06 Saudi Arabian Energy Minister
Khalid al-Falih said on Monday that countries need to cooperate
on keeping shipping lanes open for oil and other energy supplies
after last week's tanker attacks in the Middle East. . .
17/06 China's securities
watchdog has told several large non-bank financial institutions
to lend in the interbank market to smaller non-bank firms to
help ease any cash shortfalls, sources with direct knowledge of
the matter told Reuters. . .
17/06 Planting of summer-sown crops in
India such as soybean, cotton, rice and corn has been delayed by
at least two weeks because of the slow progress of monsoon rains
in central and western parts. . .
17/06 China's new electric vehicle
(NEV) maker Human Horizons said on Monday that it will use a Kia
Motors' joint venture plant to make its first model,
according to a company statement published on its. . .
17/06 Hong Kong's securities
regulator is reviewing how banks build books for equity and debt
capital raisings, one of the city's top regulators said on
Monday, warning about potential conflicts of interest.. . .
17/06 Southeast Asian stock markets settled
lower on Monday as investors exercised caution ahead of key
central bank policy meetings later this week, while political
ructions in the Middle East and Hong Kong stifled risk. . .
17/06 The Hong Kong stock market
closed higher on Monday as local officials suspended efforts to
push for a controversial law, de-escalating mass protests, but
trading was muted ahead of the U.S. Federal Reserve meeting. . .
17/06 Singapore's non-oil domestic
exports (NODX) declined the most in more than three years in May
due to a slump in shipments to China, data showed on Monday,
prompting economists to raise bets on the. . .
17/06 Japanese share prices struggled
to make headway on Monday as uncertainties over the global
economy, U.S.-China trade frictions and the U.S. Federal
Reserve's policy stance kept many investors on sidelines.. . .
17/06 The Asian Development Bank
said talks to provide Pakistan with financial support were
ongoing, contradicting Pakistani officials who announced over
the weekend that the lender has agreed to provide $3.4 billion
in support.. . .
17/06 China plans to build a
pilot small-scale nuclear reactor that could replace coal or gas
to heat towns and cities in its colder northern regions, an
official with the state-owned developer in charge of. . .
17/06 Taiwan's central bank is
expected to leave its policy rate unchanged at its meeting on
Thursday, a Reuters poll showed, amid renewed worries that an
escalating U.S.-China trade war will hurt the island's
trade-reliant economy.. . .
17/06 Shorter-dated Japanese government
bond prices tracked losses by U.S. Treasuries and slipped on
Monday, with the overall market mood subdued ahead of this
week's policy meetings by the Federal Reserve and the Bank of
Japan.. . .
17/06 The Bank of Japan is expected to
maintain its massive stimulus programme on Thursday and signal
its readiness to ramp up monetary support if growing risks such
as the escalating U.S.-China trade war threaten. . .
17/06 Japanese share prices ticked up
on Monday, erasing initial losses, after Hong Kong shares gained
after Hong Kong's leader indefinitely delayed an unpopular
extradition bill that would allow citizens to be sent to
mainland China. . .
17/06 China's total investment in
thermal power construction last year fell to its lowest level
since 2004, according to data from an official industry group,
as the country tried to restrict investment in polluting
projects.. . .
16/06 Egypt has signed a $500 million
settlement with state-owned Israel Electric Corp over
a defunct natural gas deal, the Egyptian General Petroleum
Corporation (EGPC) and Egyptian Natural Gas (EGAS) said in a
statement on Sunday.. . .
16/06 Greece and Cyprus will push
their EU partners to penalise Turkey, including the possible
option of sanctions, if Ankara is verified to have started
drilling for gas west of Cyprus, Greek Prime Minister Alexis
Tsipras. . .
16/06 The Chinese government's
takeover of Baoshang Bank has caused some pain but prevented
bigger financial and social instability, and regulators will
restructure the lender as soon as possible, a newspaper
affiliated to China's central bank. . .
16/06 Group of 20
environment ministers agreed on Sunday to adopt a new
implementation framework for actions to tackle the issue of
marine plastic waste on a global scale, the Japanese government
said after hosting the. . .
15/06 Pakistan will receive $3.4
billion in budgetary support from the Asian Development Bank
(ABD), the de facto finance minister said on Saturday, as the
government seeks help to overcome a ballooning balance of
payments crisis.. . .
15/06 Energy ministers from
the Group of 20 major economies have shared concerns over
attacks on tankers in the Gulf and will collaborate to maintain
stability in the oil market, Japan's Industry Minister Hiroshige
Seko said. . .
14/06 Moody's cut Turkey's sovereign
credit rating deeper into "junk" territory on Friday, saying the
risk of a balance of payments crisis continued to rise, and with
it the risk of a government default.. . .
14/06 Physical gold
discounts in India widened to their biggest in five months this
week as an upsurge in local prices dampened purchases, while
China and Singapore saw demand rise from investors looking to
hedge against. . .
14/06 India's new civil aviation
minister said on Friday he is confident that airline capacity
shortage problems following the grounding of Jet Airways Ltd
will be solved, in the government's first comments
about the issue. . .
14/06 The Shanghai Stock Exchange
(SSE) said on Friday it would closely monitor any abnormal
trading patterns on its newly-launched Nasdaq-style tech board,
in a bid to curb financial risks and protect investors
interests.. . .
14/06 Most Southeast Asian stock markets fell
on Friday, with Philippines leading declines, as disappointing
output growth in China frayed investor sentiment and curbed risk
Industrial output growth in China,. . .
14/06 China's central bank said on
Friday it will increase the re-discount quota by 200 billion
yuan ($28.88 billion) and the standing lending facility quota by
100 billion yuan, marking its latest step to boost. . .
14/06 +China's crude oil throughput
in May rose from a year earlier but eased from a record reached
in April, government data showed on Friday, as refiners curbed
output amid weakening fuel demand.. . .
14/06 The Hong Kong stock market
fell for the third straight session on Friday and pared of some
its weekly gains, as China reported lacklustre industrial
** At the close of trade, the Hang. . .
14/06 China stocks ended weaker on
Friday, as investors kept a cautious stance ahead of data that
was released after market hours, while U.S. tariff threats
continued to weigh.
** At close, the Shanghai Composite index. . .
14/06 China's property investment
growth cooled in May and sales saw their biggest decline since
October 2017, suggesting the frothy housing market may not be
able to cushion the effects of a slumping manufacturing sector
and. . .
14/06 The world should take
up the challenge to boost the use of hydrogen as a potentially
emissions-free source of energy, the International Energy Agency
(IEA) said on Friday in its first major report on. . .
14/06 Daniel Loeb's activist hedge fund Third
Point LLC called on Sony Corp on Thursday to spin off
its semiconductor business and sell off stakes in Sony Financial
and other units, in order to position. . .
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