Asia Business

World Bank says Delta variant slowing economic growth in East Asia and Pacific

06h12 The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said. . .  Full story

Indian shares open flat as tech erases energy gains

06h04 Indian shares opened flat on Tuesday, hovering near record highs scaled last week, as gains in auto and energy stocks countered losses in tech and real estate scrips.. . .  Full story

Hong Kong banks have limited exposure to stressed Chinese developers - regulator

06h03 The risks to Hong Kong banks from heavily indebted Chinese property developers are manageable, a top executive at the city's banking regulator said on Tuesday.. . .  Full story

Malaysia's August  exports rise 18.4%, above forecast

06h01 Malaysia's exports in August rose 18.4% from a year earlier, more than expected, government data showed on Tuesday.​ August's exports were expected to rise 14.6%, according to 14 economists surveyed in a Reuters poll. Imports. . .  Full story

World Bank cuts Thai GDP growth outlook to 1% this year

05h37 Thailand's economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors, the World Bank said on. . .  Full story

Japan to end COVID-19 state of emergency this month

05h36 Japan will lift a coronavirus state of emergency in all regions on Thursday as the number of new cases falls and the strain on the medical system eases, Economy Minister Yasutoshi Nishimura said.. . .  Full story

Hong Kong home prices revised to record high in July, edge lower in Aug

05h30 Hong Kong private home prices hit a record high in July, according to revised data, before dropping a tad in August, suggesting one of the world's most expensive property markets is showing little sign. . .  Full story

Japanese stocks fall on caution ahead of ruling party leadership election

04h59 Japanese shares slipped on Tuesday, dragged down by losses in chip makers and shippers, as investors chose to pocket profits ahead of a leadership election in the ruling party.. . .  Full story

China coking coal, coke futures leap amid supply crunch

04h45 Chinese coking coal and coke futures jumped more than 4% on Tuesday, fuelled by concerns of tight supply amid Beijing's toughening emissions standards, although demand for the steelmaking ingredients remained tepid as mills cut production.. . .  Full story

China's industrial profit growth slows for sixth month in Aug

04h38 Profits at China's industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, COVID-19 outbreaks and shortages in some. . .  Full story

New Zealand seeks to cool scorching housing market with new law

04h35 New Zealand moved on Tuesday to cool its red-hot housing market by introducing rules designed to make property speculation less appealing and improve record low housing affordability, a major issue for the government of. . .  Full story

BOJ policymakers warned of Japan's recovery delay, China risk

02h52 Some Bank of Japan policymakers warned of the risk of a delay in the country's economic recovery as state of emergency curbs to combat the coronavirus pandemic weighed on consumption, minutes of their July. . .  Full story

Lebanon's PM Mikati says financial recovery plan will have fair losses distribution - local televison

27/09 Lebanon's Prime Minister Najib Mikati said on Monday the financial recovery plan to be drawn up by his cabinet will include a fair distribution of losses suffered by the financial system.. . .  Full story

Jordan to fully reopen main crossing with Syria this week

27/09 Jordan will fully reopen its main border crossing with Syria from Wednesday, government and industry officials said, as a high-level Syrian team arrived in Amman to discuss how to ease the flow of goods. . .  Full story

Prague to buy Israeli air defence system

27/09 The Czech defence ministry will buy a short- and medium-range air defence system made by Israeli state-owned supplier Rafael, the Defence Ministry said on Monday.. . .  Full story

China Evergrande's wealth management arm faces local government inquiry

27/09 The Shenzhen government is investigating a unit of Chinese developer Evergrande, the city's financial regulator told investors on Monday, in the first sign of an official inquiry into the wealth management crisis at the real. . .  Full story

EXPLAINER-What is behind China's power crunch?

27/09 China is in the grip of a power crunch as a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs and triggered. . .  Full story

ACWA to finance renewable energy projects with green bonds - CEO

27/09 ACWA Power, which is partly owned by Saudi Arabia's PIF sovereign wealth fund, will look at issuing green bonds starting next year to finance some of its renewable energy projects, its chief executive said. . .  Full story

HNA tells creditors it will receive $5.9 bln in strategic investment

27/09 China's HNA Group will receive strategic investment of 38 billion yuan ($5.88 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines, two sources told Reuters on. . .  Full story

Malaysia's AirAsia X reports record quarterly loss of $5.9bln

27/09 Malaysia's AirAsia X Bhd on Monday posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as a multi-billion-dollar provision to cover debts drove operating costs higher.. . .  Full story

Indonesia state mining holding firm eyes end-2022 IPO for Inalum

27/09 State mining holding firm Mining Industry Indonesia (MIND ID) is eyeing an initial public offering (IPO) around the end of next year for its bauxite mining business, its chief executive said on Monday.. . .  Full story

Indian shares end flat as auto, energy offset tech losses; cinema chains surge

27/09 Indian shares closed little changed on Monday as gains among automotive and energy sectors countered losses in technology stocks, while the country's biggest cinema chain operators surged on easing of COVID-19 restrictions in theatres.. . .  Full story

Saudi Arabia plans to issue green bonds soon to advance ESG plans

27/09 Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG) concerns to expand its investor base and finance a transition. . .  Full story

Saudi exchange likely to end 2021 with over 30 new listings, regulator says

27/09 Saudi Arabia's stock exchange will likely end the year with more than 30 new listings, Mohammed El-Kuwaiz, the chairman of Saudi Arabia's Capital Markets Authority, said on Monday at a conference in Riyadh.. . .  Full story

APPEC: Equinor more than doubles crude oil volumes to Asia since 2017

27/09 Equinor has more than doubled its crude oil volumes supplied to Asia since 2017, with last year seeing a 30% growth year on year despite the coronavirus pandemic, a company official said on Monday.. . .  Full story

Kuroda vows to keep BOJ's focus on COVID-19 response amid weak inflation

27/09 The Bank of Japan will continue to focus on cushioning the economic blow from the coronavirus pandemic, given lingering uncertainty over the outlook and subdued inflation, Governor Haruhiko Kuroda said on Monday.. . .  Full story

Cost of borrowing Evergrande stock hits new high on debt fears

27/09 The cost of borrowing China Evergrande shares rocketed last week, data from research firm FIS Astec shows.. . .  Full story

Thai c.bank to hold rate at record low as virus curbs eased

27/09 Thailand's central bank is widely expected to leave its key interest rate at a record low on Wednesday as tougher coronavirus restrictions have been eased to support a flagging economy, a Reuters poll showed. . .  Full story

Hong Kong shares edge up as energy and consumer staples gain

27/09 Hong Kong shares edged up on Monday, led by energy and consumer staples sectors, while a power crunch in mainland China sent heavy industry stocks lower.. . .  Full story

Malaysia pledges spending, green goals in 5-year economic plan

27/09 Malaysia's Prime Minister Ismail Sabri Yaakob on Monday tabled a new five-year economic plan, boosting infrastructure spending and committing to a carbon tax under climate change goals as the country looks to chart its way. . .  Full story

Japan's 10-year bond yield flattens after tracking U.S. higher

27/09 Japan's benchmark 10-year government bond yield was unchanged on Monday as investors scooped up the securities, which tracked U.S. Treasuries higher earlier in the session.. . .  Full story

Dalian iron ore scales above 700 yuan/T, steel rebar jumps on power curbs

27/09 Chinese iron ore futures gained for the third straight session on Monday, rising more than 5% above a key 700-yuan level, while steel rebar and hot-rolled coils increased amid production controls due to power. . .  Full story

Foreigners net buyers of Japan stocks for fourth straight week

27/09 Foreign investors were net buyers of Japanese shares for a fourth straight week, buoyed by big gains in domestic stocks this month.. . .  Full story

ADNOC completes bookbuilding for drilling unit IPO raising over $1.1 bln

27/09 State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.. . .  Full story

Shanghai shares fall as power crunch weighs

27/09 Shanghai shares fell on Monday as analysts worried that a recent power crunch which has curbed factory production is weighing on economic growth. Blue-chips rose, led by consumer staples ahead of the National Day. . .  Full story

Congo in talks with China's Huayou to end dispute over cobalt mine

27/09 Democratic Republic of Congo's state cobalt buyer and China's biggest cobalt refiner are in talks to end a dispute over a mine at the heart of Congo's efforts to clean up its supply of. . .  Full story

Thai finance minister still eyeing GDP growth of 1.3% this year

27/09 Thailand's economy is still expected to grow 1.3% this year and the government is maintaining a target of 4-5% growth next year as it makes a push to revive a struggling economy through support. . .  Full story

As OPEC reopens the taps, African giants losing race to pump more

27/09 Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance problems continue to hobble output, sources at. . .  Full story

Japanese shares give up early gains as investors book profits

27/09 Japanese shares settled slightly lower on Monday, giving up early gains driven by cyclical stocks as investors booked profits after a sharp rally this month, while caution also prevailed ahead of a change in. . .  Full story

China's Geely starts making commercial satellites

27/09 Automaker Geely said on Monday it is making commercial satellites at its factory in the eastern Chinese city of Taizhou.. . .  Full story

China northern Zhangjiakou curbs new home price cuts

27/09 The northern Chinese city of Zhangjiakou issued a notice to curb price cuts for new homes, financial magazine Yicai reported, as some developers have begun to lower prices to boost sales in the second. . .  Full story

Japanese shares rise on reopening hopes as COVID-19 infections drop

27/09 Japanese shares rose on Monday, led by cyclical stocks that would benefit from an economic recovery from the COVID-19 lows, as the country plans to lift its emergency measures this week, though caution after. . .  Full story

Asia needs carbon pricing for swift energy transition - BP exec

27/09 Asia needs to adopt a carbon pricing mechanism to help accelerate its transition towards lower emissions, a senior company official at oil major BP said on Monday.. . .  Full story

Thai c.bank ready to introduce measures as needed- governor

27/09 Thailand's central bank is ready to introduce and adjust financial measures as needed to help support debtors and businesses amid the country's worst coronavirus outbreak, the governor said on Monday.. . .  Full story

China Evergrande's electric car unit's shares tumble 26% after warning

27/09 Shares of China Evergrande's electric car unit plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said. . .  Full story

Malaysia's Sept. 1-25 palm oil exports rise 29.8% m/m - AmSpec Agri

27/09 Exports of Malaysian palm oil products for Sept. 1-25 rose 29.8% to 1,283,449 tonnes from 988,809 tonnes shipped during Aug. 1-25, according to independent inspection company AmSpec Agri Malaysia on Saturday.. . .  Full story

Singapore's Pavilion Energy eyes Southeast Asian markets for gas expansion

27/09 Singapore's Pavilion Energy is looking to expand into Southeast Asian countries such as Vietnam and Myanmar where demand for natural gas is expected to grow, its interim chief executive said on Monday.. . .  Full story

China Evergrande's electric car unit's shares tumble 23% after warning

27/09 Shares of China Evergrande's electric car unit China Evergrande New Energy Vehicle Group plunged as much as 23% on Monday after it warned it faced an uncertain future unless it got a swift injection. . .  Full story

Malaysia's Petronas hopes to restart Pengerang refinery by year-end

27/09 Malaysia's Petronas hopes to restart its Pengerang refinery-petrochemical complex, a joint venture with Saudi Aramco, by year end, Arif Mahmood, Petronas' executive vice president and CEO of downstream, said at the Platts APPEC 2021 conference.. . .  Full story

India needs more big banks the size of largest lender SBI -finmin

26/09 India needs at least four or five banks of a size matching its biggest lender, the State Bank of India, to meet the growing needs of its economy, Finance Minister Nirmala Sitharaman said on. . .  Full story

China Aug new local special bond issuance at 488.4 bln yuan

26/09 China's local governments issued 488.4 billion yuan ($75.5 billion) in new special bonds in August, up from 340.3 billion the previous month, the finance ministry said on Sunday.. . .  Full story

China steps up funding oversight of Evergrande property projects -Caixin

26/09 Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande, to protect funds earmarked for housing projects from being diverted, media outlet Caixin said.. . .  Full story

Chinese police take away HNA chairman, CEO on suspicion of crimes

25/09 China's HNA Group, once one of the country's most acquisitive conglomerates, said on Friday that its chairman and its chief executive had been taken away by police due to suspected criminal offences.. . .  Full story

Palm prices seen firm until Feb, but could ease from March –analyst Mistry

25/09 Malaysian crude palm oil prices, which have hovered near last month's record highs, will stay firm until February, but start to ease from March, on rising output in the top two producer nations, leading. . .  Full story

Chinese coal firms meet to address winter supply challenges

25/09 Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country's winter consumption peak approaches, an industry association said.. . .  Full story

China's Chengxin, Tsingshan team up for $350 mln Indonesia lithium project

24/09 China's Shenzhen Chengxin Lithium Group Co Ltd and an affiliate of steel and nickel giant Tsingshan Holding Group will invest in a $350 million Indonesian lithium project to capture demand from the electric vehicle. . .  Full story

China Evergrande New Energy Vehicle Encounters Serious Shortage Of Funds

24/09 China Evergrande New Energy Vehicle Group Ltd:. . .  Full story

China Evergrande's EV unit warns of operations hit

24/09 China Evergrande's electric vehicle unit said on Friday it was still looking for new investors and asset sales, and without either it may struggle to pay employee salaries and cover other expenses. (Reporting by Nikhil. . .  Full story

Asia Gold-China markets buzz as buyers seek cover from Evergrande risks

24/09 Physical gold demand in top consumer China rose this week as buyers sought cover from the potential fallout of the Evergrande crisis coupled with factors including a seasonal pick-up in activity.. . .  Full story

U.S. money market funds see biggest weekly inflow in four months -Lipper

24/09 U.S. money market funds attracted massive funds in the week to Sep. 22 as caution about the outcome of a Federal Reserve's policy meeting and risks of a possible spillover to the global economy. . .  Full story

Evergrande woes to take toll on China property sale and drive M&A

24/09 The debt crisis engulfing China Evergrande Group has begun to dent homebuyer sentiment and force developers to cut prices, signalling deeper consequences for the world's No.2 economy and a consolidation in the overcrowded property sector.. . .  Full story

India cenbank to retain cash surplus, may announce GSAP auction -sources

24/09 India's central bank is likely to retain a surplus of liquidity in the banking system and announce another round of bond purchases, but will avoid adding incremental cash in the near future, two sources. . .  Full story

NEWSMAKER-Evergrande's billionaire boss exuded calm as crisis grew

24/09 Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande, was facing mounting pressure. . .  Full story

India's Sensex breaches 60,000 level as pandemic fears fade

24/09 India's benchmark Sensex stock index registered its quickest 10,000-point run to breach the 60,000 level on Friday, outperforming regional peers on flush liquidity and on hopes of a vigorous economic recovery from pandemic troughs.. . .  Full story

Vietnam Jan-Sept FDI inflows drop 3.5% y/y to $13.28 bln

24/09 Vietnam received $13.28 billion in foreign direct investment (FDI) in the first nine months of the year, down 3.2% from a year earlier, the Ministry of Planning and Investment said on Friday.. . .  Full story

India state refiners to buy more light crude to boost gasoline output

24/09 Indian refiners are gearing up to alter their crude oil import mix in favour of lighter grades that yield more gasoline to meet a surge in demand for the motor fuel in Asia's third-largest. . .  Full story

China scrambles to fix power crunch, tame runaway raw material markets

24/09 Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief.. . .  Full story

Indonesia says won't approve new palm oil permits after moratorium lapses

24/09 Indonesia will not approve new palm oil permits even after the lapse of a moratorium on new plantations, a senior government official said on Friday, amid concerns from green groups about a watering. . .  Full story

Kakao Pay pushes back planned $1.3 bln IPO to November

24/09 South Korean financial technology firm Kakao Pay Corp said on Friday it had decided to push back its planned initial public offering, worth as much as 1.5 trillion won ($1.28 billion), to November from. . .  Full story

Hong Kong shares fall as Evergrande missing interest payment sparks jitters

24/09 Hong Kong shares ended lower on Friday, dragged down by broad losses across sectors, as global investors fretted over the impact of a missed bond interest payment by debt-laden developer China Evergrande.. . .  Full story

Japan's SBI to extend offer for Shinsei by a month on some conditions

24/09 Japanese financial conglomerate SBI Holdings said on Friday it would extend the deadline for its $1.1 billion unsolicited tender offer for Shinsei Bank to Nov. 24 from Oct. 25 if Shinsei agreed to meet certain. . .  Full story

China shares end lower as materials weigh; property sector down

24/09 China shares fell on Friday as losses in materials firms outweighed gains in consumer staples, while the property sector fell amid investor concerns over a missed bond payment by developer China Evergrande Group. ** At. . .  Full story

China Evergrande's upcoming bond coupon payments

24/09 Embattled property developer China Evergrande Group missed a dollar bond interest payment deadline this week in one of the clearest indications yet of its dire financial situation. While the developer does. . .  Full story

Dalian iron ore futures track spot prices higher, demand outlook remains dull

24/09 China's benchmark iron ore futures gained for the second straight session on Friday, rising more than 4% following gains in spot market, though demand for the steelmaking ingredient is expected to stay cool amid environment-related. . .  Full story

Japan shares jump as financials, shippers shine

24/09 Japanese shares soared on Friday led by cyclical stocks on economic recovery hopes, as investors were optimistic that any fallout from China Evergrande's debt woes would not spillover to other markets.. . .  Full story

Japan factory output seen down again in August on supply chain disruption

24/09 Japan's factory output likely fell again in August as the country's manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia.. . .  Full story

JGB yields rise to 3-month high after Fed's taper hints

24/09 Yields on Japanese government bonds edged up on Friday to three-month highs, in a delayed action after a market holiday, due to growing expectations that the U.S. Federal Reserve will taper its bond purchase. . .  Full story

Thai August exports miss forecast on coronavirus curbs

24/09 Thailand's exports rose less than expected in August as coronavirus restrictions affected manufacturing and logistics, the commerce minister said on Friday, even though a weaker baht provided a boost.. . .  Full story

Japan approaching end of COVID-19 emergency in most areas - health minister

24/09 Japan's COVID-19 infection situation is improving such that emergency conditions could soon be lifted in most parts of the country, the health minister said on Friday.. . .  Full story

SE Asia govts must back ADB plan to close coal plants with regulation -report

24/09 Southeast Asian governments must back the Asian Development Bank's (ADB) plans to expedite the closure of coal plants in the region with strong regulation to win funding for the programme, an energy consultancy said. . .  Full story

Bangladesh scraps plan to renew oil-fired power plants - ministry official

24/09 Bangladesh has dropped a plan to renew oil-fired power plants and is turning to import gas, buying its most expensive liquefied natural gas (LNG) cargo in its history, industry sources told Reuters on Friday.. . .  Full story

New Beijing stock exchange to run technical tests ahead of trading

24/09 China's newly-established Beijing Stock Exchange has said it plans to run two comprehensive technical tests with market players, one as early as Saturday, in a sign that the start of trading could be imminent.. . .  Full story

China blue chip shares rise on consumer boost; property sector slips

24/09 Chinese blue-chip shares rose on Friday, led by consumer staples firms, while property indexes in mainland markets and Hong Kong slipped amid persistent investor concerns over a possible default by developer China Evergrande Group.. . .  Full story

Malaysia's August CPI up 2%, misses forecast

24/09 Malaysia's consumer prices in August rose 2% from a year earlier, less than forecast, , government data showed on Friday.​ August's consumer price index (CPI) was expected to rise 2.2%, according to 21 economists surveyed. . .  Full story

Japan's ruling party race puts legacy of Abenomics in focus

24/09 Japan's widening wealth gap has emerged as a key issue in a ruling party leadership contest that will decide who becomes the next prime minister, with candidates forced to reassess the legacy of former. . .  Full story

Financials, shippers push Japanese shares higher

24/09 Japanese shares rose on Friday as investors scooped up cyclical stocks on hopes fallout from China Evergrande's debt woes and the prospects of tapering by the U.S. Federal Reserve will not derail global economic growth. . .  Full story

S.Korea c.bank sees worsening financial stability woes, debt repayment burden to rise

24/09 South Korea's central bank warned on Thursday that the debt repayment burden among vulnerable households could increase sharply as interest rates rise, underlining the growing negative impact of the debt binge in Asia's fourth largest. . .  Full story

Japan CPI halts 12-month decline, still well below BOJ target

24/09 Japan's core consumer prices halted a 12-month run of declines in August, bolstered by higher energy costs and the impact of a tourism campaign, bringing some relief to central bank efforts to push inflation. . .  Full story

China Evergrande shares slide 6% in early trade

24/09 Shares of cash-strapped China Evergrande fell as much as 6% in early trade on Friday, paring gains of nearly 18% the previous day as time ticked by on an interest payment deadline for the. . .  Full story

COLUMN-Alcoa powers up in Brazil as China aluminium powers down: Andy Home

24/09 After six years of lying idle the Alumar aluminium smelter in Brazil is about to restart operations.. . .  Full story

Japan's Sept manufacturing activity growth slows - flash PMI

24/09 Japan's factory activity grew at the slowest pace in eight months in September as output and orders contracted, while that of the services sector remained in its downturn, underscoring the protracted impact of the coronavirus. . .  Full story

Global steel output falls in August, first time in a year

23/09 Global steel production slipped by 1.4% year-on-year in August, the first decline in more than a year, and is likely to decline further in the coming months as officials in top producer China seek. . .  Full story

Who pays? Lebanon faces tough question in IMF bailout bid

23/09 In its bid for IMF support, Lebanon must address a question it has evaded since the economy imploded two years ago: how should it distribute the huge losses caused by its financial collapse?. . .  Full story

Law firms bid to work on India's LIC IPO as government sweetens terms

23/09 Four law firms, including two of India's biggest, have bid to advise the state-run Life Insurance Corporation (LIC) on its mega stock offering, after New Delhi made the fee payment structure more attractive.. . .  Full story

From e-bikes to flying cars: India's Ola plots mobility future

23/09 India's Ola plans to produce kick scooters, e-bikes, drones and even flying cars under its future mobility scheme to help meet the country's transport needs, the company's founder Bhavish Agarwal said in a blogpost on. . .  Full story

Egypt expected to sell up to $3 billion in bonds

23/09 Egypt is expected to raise on Thursday up to $3 billion in three-tranche U.S. dollar-denominated bonds, for which price guidance was tightened after attracting over $7.25 billion in combined orders, a bank document showed.. . .  Full story

Alcoa powers up in Brazil as China aluminium powers down: Andy Home

23/09 After six years of lying idle the Alumar aluminium smelter in Brazil is about to restart operations.. . .  Full story

India's Sept edible oil imports seen rising 59% y/y- industry official

23/09 India's edible oil imports in September could jump as much as 59% from a year ago to 1.65 million tonnes as refiners raised purchases after the government slashed import duty ahead of key festivals,. . .  Full story

COLUMN-China goes after low-hanging coal fruit, the real challenge is at home: Russell

23/09 President Xi Jinping's promise to end China's financing of overseas coal-fired power plants was broadly welcomed by environmentalists, but the move should be seen as a first step rather than a major effort to mitigate. . .  Full story

China's mom-and-pop investors, builders and homebuyers caught in Evergrande debt crisis

23/09 At an eerily quiet construction site in eastern China's Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the. . .  Full story

Lebanon at risk of complete blackout by end-Sept, state power firm says

23/09 Lebanon's state electricity company said on Thursday it risked a total blackout across the country by end-September as its fuel oil reserves dwindle.. . .  Full story

India's monsoon gathers pace in September, set for delayed retreat

23/09 India's monsoon has gathered pace in September and seasonal rains are likely to be robust throughout the month, the chief of the state-run weather office said on Thursday, reducing the water deficit after a. . .  Full story

Taiwan raises 2021 growth forecast as economy booms, stands pat on rates

23/09 Taiwan's central bank revised up the island's growth outlook for the year on Thursday as strong exports bolstered a trade-reliant economy that has boomed even in the face of local COVID-19 cases, also keeping. . .  Full story

India likely to block Chinese investment in insurance giant LIC's IPO -sources

23/09 New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions. . .  Full story