Asia Business

South Sudan starts pumping more crude oil from Unity fields

21/01 South Sudan started pumping on Monday an additional 15,000 barrels per day (bpd) of crude oil from its Unity oilfields, its oil minister said.  Full story

Oil slips as EU seeks to trade with Iran, U.S. gasoline prices fall

22h37 Oil prices slipped on Wednesday as the European Union seeks to circumvent U.S. trade sanctions against Iran, and on weaker U.S. gasoline prices.. . .  Full story

India's ruling party could face electoral wipeout in most populous state, poll shows

20h00 Prime Minister Narendra Modi's ruling party could lose a quarter of its seats in India's parliament with an electoral wipeout in the most populous state, if the Congress Party were to join an opposition. . .  Full story

India's finance minister Jaitley will not present budget as faces surgery-source

19h16 India's Finance Minister Arun Jaitley will not present the government's crucial interim budget next week because he is expected to undergo surgery, according to a source familiar with the matter. He has been replaced. . .  Full story

Pakistan unveils tax cuts, incentives to boost growth

16h41 Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to. . .  Full story

India to spend 6.5 pct more on food subsidies in FY 2019-20 - sources

15h51 India is poised to raise the subsidies for the world's biggest food welfare programme by 6.5 percent for the fiscal year beginning April 1, the smallest increase in three years, in the nation's interim. . .  Full story

Financials lift Dubai, most major Gulf markets gain

15h36 The Dubai stock market snapped a three day losing streak on Wednesday, boosted by its financial and property shares, while Saudi Arabia rose on the back of its banks. The Dubai. . .  Full story

Russia's Lukoil opposes prolonged global oil output cuts

15h30 The global oil output cut should not be prolonged, the head of Russia's second biggest oil producer, Lukoil, said on Wednesday, Interfax news agency reported.. . .  Full story

China approves plan for new tech exchange in Shanghai - Xinhua

13h17 China has approved a plan to set up a Nasdaq-style board for tech companies in Shanghai aimed at improving their ability to raise funds, the official Xinhua news agency reported on Wednesday.. . .  Full story

China's CNOOC boosts spending target to 5-yr high, increases domestic drilling

12h44 China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's. . .  Full story

China's Xi says to push reforms in key areas - Xinhua

12h27 China's President Xi Jinping said on Wednesday that Beijing will push forward reforms in key areas, the official Xinhua news agency reported.. . .  Full story

SE Asia Stocks-Malaysia falls ahead of cenbank policy meeting; Thailand gains 1 pct

12h14 Malaysian shares fell on Wednesday, underperforming other Southeast Asian markets ahead of a central bank policy meeting and December inflation data, while Thai stocks rose 1 percent with almost all sectors in positive territory.. . .  Full story

BOJ maintains massive stimulus as Kuroda warns of growing risks

11h24 The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus programme, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand.. . .  Full story

China's Evergrande sells $3 bln in bonds, yields top 10 pct

11h17 China Evergrande Group , one of China's most indebted property developers, sold $3 billion in dollar bonds on Wednesday in Asia's biggest offshore high-yield bond sale so far this year.. . .  Full story

Shares of Egypt's SODIC, MNHD suspended after merger called off

10h47 Egypt's stock exchange suspended trading on Wednesday in the Sixth of October Development and Investment Company (SODIC) and Madinet Nasr for Housing and Development (MNHD) after the two firms called off a planned merger.. . .  Full story

Hong Kong shares end flat; H-shares up on stimulus hopes

10h41 Hong Kong's main Hang Seng index ended flat on Wednesday, while the China H-shares index rose, as optimism over stimulus measures to boost economic growth in China offset concerns about the tepid outlook for. . .  Full story

China imports record LNG supplies in Dec, remains world's No.2 buyer in 2018

10h12 China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.. . .  Full story

China's trade with North Korea falls 51 pct in 2018

09h56 China's trade with North Korea fell 51.2 percent to $2.43 billion in 2018, customs data showed on Wednesday.. . .  Full story

Don't break your Hong Kong piggy bank, CLSA cautions investors

09h44 Investors should focus on "limiting losses rather than chasing large gains" in the Year of the Pig, which will be a roller-coaster year for Hong Kong's stock market, according to brokerage CLSA.. . .  Full story

Fujairah joins other ports to tighten exhaust rules ahead of 2020 fuel rules

09h43 Fujairah in the United Arab Emirates has become the latest major port to ban a type of fuel exhaust cleaning system to comply with a coming tightening in rules regarding global sulphur emissions, mirroring. . .  Full story

China stocks end nearly flat as trade woes offset stimulus hopes

09h22 China's major stock indexes ended nearly flat on Wednesday, as hopes of more stimulus measures to shore up economic growth were offset by worries over the Sino-U.S. trade dispute.. . .  Full story

Egypt's fuel subsidy bill drops nearly 15 pct Y/Y in July-Dec - minister

09h05 Egypt's fuel subsidy bill stood at around 43.5 billion Egyptian pounds ($2.43 billion) in July-December last year, Oil Minister Tarek El Molla told Reuters on Wednesday, 14.7 percent down on the same period in 2017.. . .  Full story

Nikkei ends lower on trade worries but weak yen caps losses

08h45 Japan's Nikkei ended lower on Wednesday as weaker-than-expected December exports and concerns over U.S.-China relations added to worries about the outlook for the trade-reliant economy, though a softer yen offset pressure on exporters.. . .  Full story

China says will step up fiscal spending this year to support economy

08h15 China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday.. . .  Full story

Malaysian palm producer FGV appoints new chief executive officer

08h11 Malaysian palm oil producer FGV Holdings Berhad has appointed Haris Fadzilah Hassan as group chief executive officer effective Wednesday, the company said in a bourse filing.. . .  Full story

JGBs steady as stocks pause, caution before auction limits moves

07h53 Prices of most Japanese government bonds were steady on Wednesday, supported by a pause in the stock market, but confined to a narrow range ahead of an upcoming 20-year debt auction.. . .  Full story

Singapore Dec inflation rate rises more than expected

07h00 Singapore's headline and core consumer price indexes rose more than expected in December from a year earlier on the back of higher costs of services and retail items, data showed on Wednesday.. . .  Full story

Japan's 2018 crude imports fall to 39-year low as population shrinks

06h58 Japan's 2018 oil imports fell to the lowest since at least 1979 while its liquefied natural gas (LNG) purchases and coal imports also dropped, reflecting the country's declining population and slow economic growth.. . .  Full story

China, HK stocks rise on stimulus pledge; trade woes cap gains

06h24 China and Hong Kong stocks rose on Wednesday, as Beijing vowed to boost fiscal spending to shore up economic growth, though gains were curbed by worries over the Sino-U.S. trade dispute. ** The CSI300 index. . .  Full story

Thai Dec domestic car sales rise 8.9 pct y/y - federation

06h12 * Thai domestic car sales in December rose a revised 8.9 percent from the previous year to 113,581 units, the highest level in five years, after a 21.2 percent jump in November, the Federation of. . .  Full story

Nikkei wobbles on trade worries but weak yen tempers losses

05h33 Japan's Nikkei wavered on Wednesday as weaker-than-expected December exports and concerns over U.S.-China relations added to worries about the outlook for the trade-reliant economy, though a softer yen offset pressure on exporters.. . .  Full story

China c.bank injects 257.5 bln yuan via lending facility

03h13 China's central bank said on Wednesday it has injected 257.5 billion yuan ($37.83 billion) to some commercial banks via targeted medium-term lending facility (TMLF) for the first time to spur lending to small and. . .  Full story

BOJ to retain ultra-low rates, global slowdown raises fresh policy challenge

22/01 The Bank of Japan is set to cut its inflation forecasts and maintain its ultra-loose monetary policy on Wednesday, as pressure on the economy mounts in the face of slowing global demand, dealing. . .  Full story

Oil settles down 2 pct as slowed global growth, rising supplies

22/01 Oil prices dropped about 2 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. shale fields surge and cuts by Russia come in below expectations.. . .  Full story

Saudi Arabia trims list of authorized Brazil chicken exporters

22/01 Saudi Arabia has barred five Brazilian chicken processing plants from exporting to the Middle Eastern country, leaving 25 with valid export permits, Brazil's meat trade association ABPA said on Tuesday, citing "technical" reasons.. . .  Full story

UAE's Fujairah to ban ship exhaust cleaner when IMO 2020 kicks in

22/01 The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a. . .  Full story

Ship in deadly Black Sea blaze was turned away from port over sanctions

22/01 Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due. . .  Full story

India likely to target about $11 bln from state asset sales in 2019/20 FY - sources

22/01 The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge. . .  Full story

Bulgaria plans to end passport-for-sale scheme

22/01 Bulgaria plans to stop allowing wealthy foreigners to buy citizenship against investment, the justice ministry said on Tuesday, saying the scheme had failed to bring any significant economic benefits for the European Union country.. . .  Full story

Moroccan inflation rises to 1.9 pct yr/yr, planning agency says

22/01 Morocco's annual inflation rose to 1.9 percent in December from 1.3 percent in November, pushed up by higher food prices, the country's planning agency said on Tuesday.. . .  Full story

China prosecutors order arrest of four ex-executives at Huarong for bribery

22/01 Prosecutors have ordered the arrest of four senior former executives at subsidiaries of China's largest distressed debt manager, China Huarong Asset Management Co, for suspected bribery, prosecutors said.. . .  Full story

China's growth slowed by service, farm sectors, despite construction rebound

22/01 Weakness in the service and farm sectors slowed China's economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday.. . .  Full story

SE Asia Stocks-Most recover; Singapore falls about 1 pct

22/01 Most Southeast Asian stock markets recovered from early falls to close higher on Tuesday as investors moved past a cut in global growth forecast by the International Monetary Fund. The IMF. . .  Full story

Chinese stars hit with $1.62 bln in "cold winter" tax crackdown

22/01 Chinese authorities have collected more than 11 billion yuan ($1.62 billion) in unpaid taxes from celebrities and entertainment companies since they hit the industry with a crackdown, state media Xinhua reported on Tuesday.. . .  Full story

Japan new debt issuance to top prior year for 1st time since Abe took office-sources

22/01 Japan expects to issue more new debt in the fiscal year ending in March 2021 than the previous year, the first such increase since Prime Minister Shinzo Abe took office, two government sources told. . .  Full story

China's exports "not very encouraging" - senior official

22/01 China's export figures from December were "not very encouraging" but Beijing has plenty of room to deploy measures to spur economic growth, a senior official of the the country's securities regulatory body said on Tuesday.. . .  Full story

China spends $256 bln on shantytown redevelopment in 2018

22/01 China's housing ministry said on Tuesday investment in a massive shantytown redevelopment project totalled 1.74 trillion yuan ($255.68 billion) last year.. . .  Full story

Philippines set to import 1.2 mln T of rice as caps removed

22/01 Rice traders in the Philippines are set to import about 1.2 million tonnes of the staple food, a state grains agency spokeswoman told Reuters on Tuesday, as the Southeast Asian country lifts a two-decade-old. . .  Full story

Toyota sees 3.8 pct fall in 2019 total Thailand domestic car sales

22/01 Toyota Motor Corp expects Thailand's domestic car sales to drop 3.8 percent to 1 million units in 2019 after a 19 percent gain last year, as economic conditions are likely to be similar to. . .  Full story

China stocks slide on gloomy global growth outlook

22/01 Shares in China fell on Tuesday as investors braced for a tough start to 2019 amid weak economic outlook at home and abroad. ** At the close, the Shanghai Composite index fell 1.2 percent to. . .  Full story

Nikkei dips as global growth concerns weigh; Panasonic tumbles

22/01 Japan's Nikkei edged lower on Tuesday, retreating from a one-month high as investors took profits from recent gainers amid concerns about slowing global economic growth.. . .  Full story

S.Korean court suspends regulator's disciplinary action against Samsung BioLogics

22/01 A South Korean court has suspended the financial regulator's disciplinary action against Samsung BioLogics Co Ltd for allegedly breaching accounting rules, an official at the Seoul Administrative Court said on Tuesday.. . .  Full story

As China's economy falters, some fund managers look to bonds

22/01 Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye.. . .  Full story

Malaysia's c.bank seen holding key o/n rate at 3.25 pct

22/01 Malaysia's central bank will likely keep its benchmark overnight interest rate unchanged at 3.25 percent at a policy review on Thursday, a Reuters poll showed.. . .  Full story

Malaysia's Jan 1 - 20 palm oil exports rise 11.8 pct -AmSpec Agri

22/01 Exports of Malaysian palm oil products for January 1 - 20 rose 11.8 percent to 929,575 tonnes from 831,225 tonnes shipped during December 1 - 20, according to independent inspection company AmSpec. . .  Full story

JGBs advance as Tokyo stocks pull back from 1-month high

22/01 Japanese government bond prices rose on Tuesday, as stocks pulled back from one-month highs, boosting demand for safe-haven debt.. . .  Full story

China state planner warns economic pressure will hit job market

22/01 Downward pressure on the economy will impact China's job market, the state planner warned on Tuesday, a day after data showed gross domestic product grew at its slowest since 1990.. . .  Full story

Nikkei dips as global growth concerns sap risk appetite

22/01 Japan's Nikkei edged lower on Tuesday in choppy trade, retreating from a one-month high as investors took profits from recent gainers amid concerns about slowing global economic growth.. . .  Full story

China state planner approved 189 fixed asset investment projects in 2018

22/01 China approved 189 fixed asset investment projects last year, including projects in the high-tech, energy, transportation and water conservation sectors, the state planner said on Tuesday.. . .  Full story

South Korea's 2018 GDP growth slows to 6-yr low, trade woes dim outlook

22/01 A surge in government spending boosted South Korea's economy in the fourth quarter but weakening exports braked last year's annual pace of growth to a six-year low, underlining a dimming outlook in the face. . .  Full story

Oil edges up as investors latch on to OPEC cuts, supply outlook

21/01 Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's economic growth is cooling and instead latched on to positive supply-side drivers for the market.. . .  Full story

Iran fails to find any buyers for crude offered on exchange

21/01 Iran failed to find any buyers on Monday in its latest attempt to sell oil to private companies for export on the energy exchange, state media reported, in a setback to Tehran's efforts to. . .  Full story

Russia committed to oil output cuts

21/01 Russia is committed to its pledges on oil output cuts, Energy Minister Alexander Novak said on Monday, after criticism from Saudi Arabia.. . .  Full story

Kuwait to boost spending, eyes oil price at $55-$65/bbl

21/01 Kuwait on Monday projected a 4.7 percent rise in spending to 22.5 billion dinars ($74.15 billion) as part of its state budget for the year ending on March 31, 2020, as the major oil. . .  Full story

India's ruling party dismisses opposition election alliance

21/01 India's ruling party on Monday dismissed the opposition's chances at upcoming elections after hundreds of thousands of people attended a weekend rally bringing together 23 disparate parties opposed to Prime Minister Narendra Modi.. . .  Full story

Iraq's southern oil exports hold near record in January

21/01 Oil exports from southern Iraq are holding close to a record high so far in 2019, according to shipping data and an industry source, which could raise questions over whether OPEC's second-largest producer is following. . .  Full story

EXCLUSIVE-Modi considers cheap loans, other help for small Indian businesses - sources

21/01 Indian Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources with direct knowledge of the matter said, as he tries to placate. . .  Full story

Qatar to put $500 mln in Lebanon bonds to support economy

21/01 Qatar will invest $500 million in Lebanese government U.S. dollar bonds to support Lebanon's struggling economy, the Qatari Ministry of Foreign Affairs said on Monday.. . .  Full story

Krungthai Bank's annual profit jumps 27 pct as bad loan provisions fall

21/01 Thailand's fourth-largest lender, Krungthai Bank Pcl, reported a 27 percent jump in annual profit on Monday due to loan growth and smaller provisions to cover bad loans.. . .  Full story

Xi keeps China on high alert for "black swan" events - Xinhua

21/01 China must be on guard against "black swan" risks while fending off "grey rhino" events, President Xi Jinping said on Monday, adding that the economy faces deep and complicated changes, state news agency Xinhua reported.. . .  Full story

Tokio Marine will pursue overseas M&A, says acquisitive insurer's new CEO

21/01 The incoming CEO of Tokio Marine Holdings Inc said on Monday the insurer will actively pursue mergers and acquisitions (M&A) opportunities overseas to further diversify its geographic footprint.. . .  Full story

SE Asia Stocks-Most rise on China stimulus hopes; Vietnam top gainer

21/01 Most Southeast Asian stock markets rose on Monday on expectations of further stimulus from China after data showed the slowest rate of annual economic growth in 28 years, while positive remarks regarding U.S.-China trade relations. . .  Full story

Egypt to invest $9 bln refineries' upgrade over four years- minister

21/01 Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister said.. . .  Full story

-Taiwan's Dec export orders shrink the most since April 2016

21/01 Taiwan's export orders in December suffered their steepest fall in more than two and a half years, increasing concern about global demand for the electronic gadgets pivotal for the island's export-reliant economy.. . .  Full story

Japanese refiners load first Iran oil cargo since U.S. sanctions

21/01 Japanese refiners have loaded Iranian oil onto a tanker, resuming imports after halting purchases because of sanctions by the United States, a spokesman for a Japanese refinery and an Iranian official said on Monday.. . .  Full story

Hong Kong shares end higher, investors shrug off weak China GDP data

21/01 Hong Kong's main Hang Seng index crept higher on Monday as investors shrugged off data showing the Chinese economy slowed within market expectations in the fourth quarter of 2018, amid expectations that Beijing would roll. . .  Full story

-China's coal output hits highest in over 3 yrs as mines start up

21/01 China's December coal output climbed 2.1 percent from the year before, government data showed, hitting the highest level in over three years as major miners ramped up production amid robust winter demand and after the. . .  Full story

Cooling inflation points to slightly faster Philippine Q4 GDP growth

21/01 Easing inflation likely lifted the Philippine economy's growth pace a little in 2018's fourth quarter, a Reuters poll showed, giving the central bank more flexibility in managing interest rates.. . .  Full story

JGBs edge lower as safe-haven appeal of debt fades on stronger equities

21/01 Japanese government bond (JGB) prices edged down on Monday as gains in Japanese and U.S. equities helped improve investors' risk appetite and dampened the safe-haven appeal of government debt.. . .  Full story

China shares end higher as slowing GDP adds to stimulus hopes

21/01 China shares ended higher on Monday as investors shrugged off the country's slowest rate of annual economic growth in 28 years amid expectations that authorities will pursue more stimulus to support growth.. . .  Full story

Nikkei ends at month high, softer yen boosts exporters

21/01 Japan's Nikkei advanced to a more than one-month high on Monday, tracking gains in U.S. shares that helped buoy cyclical stocks such as shippers, while a weaker yen boosted exporters.. . .  Full story

China 2018 pork output surprises to downside, falls 0.9 pct

21/01 China's pork output fell 0.9 percent in 2018 from the previous year to 54.04 million tonnes, official data showed on Monday, surprising analysts who had expected an increase as farmers liquidated their herds amid. . .  Full story

China vows no leeway for underperformers in war on pollution

21/01 China will order detailed punishment measures for officials in regions that miss air quality targets this winter, refusing to accept unfavourable weather or mounting economic pressure as excuses, an environment ministry official said on Monday.. . .  Full story

Tokyo Steel keeps product prices unchanged in Feb for second month

21/01 Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, on Monday said it will hold steel product prices steady in February because of a weaker overseas market.. . .  Full story

China Dec aluminium production surges to record monthly high

21/01 China's primary aluminium output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record,. . .  Full story

China stocks edge higher, shake off tepid GDP growth

21/01 Shares in China and Hong Kong climbed on Monday despite the Chinese economy reporting its slowest annual expansion in 28 years, as investors bet on Beijing to spend more to prop up growth. ** At. . .  Full story

China should boost banks' active support for economy - c.bank official

21/01 Encouraging China's banks to actively increase support for the real economy, rather than relying on authorities' orders to boost lending, is the key to improving the supply of credit in the economy, a central. . .  Full story

China's economy cools in Q4, 2018 growth at 28-year low

21/01 China's economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest. . .  Full story

Nikkei hits over 1-month high; shippers, exporters attract buying

21/01 The Japanese stock market advanced to an over one-month high on Monday, tracking gains in U.S. shares on Friday, pushing up cyclical shares such as shippers, while a weaker yen boosted exporters.. . .  Full story

China's 2018 fixed-asset investment up 5.9 pct, Dec industrial output up 5.7 pct

21/01 China's fixed-asset investment rose 5.9 percent in 2018, missing expectations of a 6.0 percent increase and the slowest annual growth since at least 1996, the National Bureau of Statistics said on Monday.. . .  Full story

Final consumption accounted for 76.2 pct of China's 2018 GDP growth, exports a drag

21/01 Final consumption accounted for 76.2 percent of China's economic growth in 2018, while capital formation accounted for 32.4 percent of growth, the National Bureau of Statistics said on Monday.. . .  Full story

China's Dec property investment slows in sign of fatigue for key GDP driver

21/01 Growth in property investment in China cooled to the second slowest pace in 2018 in December, adding to signs of a further slackening in the real estate market in a blow to a key. . .  Full story

China's survey-based jobless rate up to 4.9 pct in Dec

21/01 China's survey-based jobless rate was 4.9 percent at the end of December, the statistics bureau said on Monday, slightly up from 4.8 percent in November.. . .  Full story

Breakdown of China's Jan-Dec property investment

21/01 Following is a breakdown of China's real estate investment for the year to December, published by the National Bureau of Statistics on Monday. Actual investment in the sector (bln yuan, pct change. . .  Full story

Breakdown of China's Jan-Dec fixed-asset investment

21/01 Following is a breakdown of China's fixed-asset investment for the year to date, published by the National Bureau of Statistics on Monday. (Percent change from a year earlier, year to date):. . .  Full story

Breakdown of China's December industrial output

21/01 Following is a breakdown of China's industrial output for December, published by the National Bureau of Statistics on Monday. (Percent change from a year earlier, except for sales/output ratio):. . .  Full story

Japan's LIXIL denies report it considered MBO, move to Singapore

21/01 LIXIL Group Corp on Monday denied a report it had considered delisting from Japan through a management buyout (MBO) and moving its headquarters to Singapore, but investors welcomed the report anyway, sending the stock up. . .  Full story

Ageing Singapore: City-state helps firms retain workers past retirement age

21/01 Mohsin Khan is still at his job repairing aircraft hydraulics parts although the Singaporean turns 75 in a couple of months.. . .  Full story

Japan manufacturers' mood slips to 2-year low - Reuters Tankan

21/01 Confidence among Japanese manufacturers dropped for a third straight month in January to a two-year low, a Reuters monthly poll showed, as worries over the health of the global economy and trade tensions take. . .  Full story

Egypt H1 of year to June budget deficit 3.6 pct of GDP -presidency

20/01 Egypt's budget deficit in the first half of the financial year to June was 3.6 percent of gross domestic product (GDP), down from 4.2 percent a year earlier, the presidency said on Sunday.. . .  Full story

India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways - paper

20/01 The State Bank of India (SBI)-led consortium of lenders is waiting for India‚Äôs capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways, SBI Chairman Rajnish Kumar. . .  Full story