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Asia Business

Nigeria and Saudi Arabia to draft MoU on oil and gas -Nigeria oil ministry

14h16 Nigeria and Saudi Arabia plan to draft a memorandum of understanding on an oil and gas partnership that could lead to the construction of a new refinery and investments in liquefied natural gas, Nigeria's petroleum ministry said on Friday.  Full story

Kenya secures $2.23 billion from China for tech city, highway

16h01 Kenya has secured 226 billion shillings ($2.23 billion) in funding from China to build a data centre in a tech city currently under construction and a highway in Nairobi, the president's office said on. . .  Full story

Asia Gold-Demand sparkles in India ahead of festival, steady elsewhere

14h16 Physical gold demand was healthy this week in India in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as. . .  Full story

Indian consumers face post-election fuel price shock, economy could be hit

12h50 Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in. . .  Full story

China's AgBank Q1 profit rises 4.3 pct, misses estimates

12h37 Agricultural Bank of China Ltd (AgBank) , the country's third-largest lender by assets, reported on Friday a 4.3 percent on-year rise in net profit for the first three months, its slowest first-quarter growth since 2017.. . .  Full story

SE Asia Stocks-Vietnam gains on EU trade pact hopes; Thailand drops

12h20 Vietnam equities ended higher on Friday boosted by positive cues from an impending free trade pact with the European Union, while Thai markets dropped in overall subdued trade across Southeast Asia ahead of U.S.. . .  Full story

No stone unturned: S.Korea to sweep world for Iran oil replacement

12h07 South Korea will likely return to a familiar game plan to replace Iranian oil it will no longer have access to after May now that the United States intends to tighten sanctions on Iranian. . .  Full story

Chinese securities firm Shenwan Hongyuan drops 12 pct in poor HK debut

11h15 Chinese securities firm Shenwan Hongyuan Group Co Ltd dropped 12 percent in a poor Hong Kong stock trading debut on Friday, after raising $1.16 billion in Asia's biggest listing so far this year.. . .  Full story

Qatar emerges as front-runner for long-term LNG deal for Pakistan

11h12 Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of Prime Minister Imran Khan set to decide in the. . .  Full story

Renault sticks to 2019 goals, with focus on fixing Nissan alliance

11h07 Renault clung to full-year targets on Friday as declining overseas sales and business with Japanese partner Nissan led to a 4.8 percent first-quarter revenue drop.. . .  Full story

Sierra Leone's fishing ban to replenish stocks yields little

10h30 Sierra Leone is nearing the end of a one-month ban on industrial fishing that local fishermen hoped would replenish stocks but whose impact has been limited by its short span and. . .  Full story

Hong Kong stocks post worst week since March on policy support worries

10h29 Hong Kong stocks inched higher on Friday, but posted their biggest weekly drop in eight weeks, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while the Sino-U.S.. . .  Full story

China's rocket start-ups go small in age of 'shoebox' satellites

10h02 During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.. . .  Full story

China stocks mark worst week in 28 on policy support worries

09h25 China stocks fell on Friday, posting their steepest weekly decline since October 2018, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while Sino-U.S. trade conflict also weighed. . .  Full story

Japan's March household spending seen rising for 4th straight month

08h54 Japan's household spending likely rose for a fourth straight month in March, a Reuters poll found on Friday, but weak factory output and exports could still push the economy into a mild contraction in. . .  Full story

Nikkei posts 4th weekly gain ahead of long holiday

08h16 Japan's Nikkei fell on Friday following disappointing earnings from high-tech firms and as market players wound down for a 10-day holiday to celebrate the enthronement of Crown Prince Naruhito.. . .  Full story

Nikkei slips to 2-week low on weak earnings, 5G star Anritsu plunges

07h52 Japan's Nikkei share average fell on Friday following disappointing earnings from high-tech firms and as market players wind down for the 10-day holiday to celebrate the enthronement of Crown Prince Naruhito.. . .  Full story

JGBs gain as weak equities support safe-haven debt demand

05h41 Japanese government bond prices rose on Friday as a decline in Tokyo stocks supported the safe-haven appeal of debt.. . .  Full story

Nintendo shares fall as much as 5 pct after conservative guidance

04h45 Nintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console. . .  Full story

Japan's March factory output decline flags risk of GDP contraction

04h37 Japan's industrial output fell in January-March at the fastest pace in almost five years, suggesting the economy may post a mild contraction in the first quarter as manufacturers struggle with the U.S.-Sino trade war.. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 840 bln yuan YTD

03h40 The People's Bank of China (PBOC) has drained 840 billion yuan ($124.60 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

Japan March retail sales rise 1.0 pct year/year

01h56 Japanese retail sales rose 1.0 percent in March from a year earlier, compared with economists' median forecast for a 0.8 percent increase, government data showed on Friday. To view full tables,. . .  Full story

Japan March jobless rate rises to 2.5 pct

01h39 Japan's jobless rate rose in March while the availability of jobs held steady at a high level, government data showed on Friday, underscoring a tight labour market.. . .  Full story

CME lean hogs close limit-down on disappointing export sales

25/04 U.S. lean hog futures plunged on Thursday, with the five most actively traded contracts settling down the daily 3-cent-per-pound limit after weekly U.S. export data showed no new pork sales to China, traders said.. . .  Full story

Iraq's southern oil exports rebound in April - Petro-Logistics

25/04 Oil exports from southern Iraq have rebounded so far in April, a leading tanker-tracking company said on Thursday, suggesting OPEC's second-largest producer will continue to show lower adherence than rivals to an OPEC-led supply-cut pact.. . .  Full story

Saudi Aramco looking at potential gas JVs, sells first LNG cargo - CEO

25/04 Saudi Aramco's chief executive said on Thursday the company was in discussions with many partners around the world regarding potential joint ventures in gas, and that it has sold its first LNG cargo.. . .  Full story

Saudi Arabia's Samba bank Q1 net profit down 7.4 pct

25/04 Samba Financial Group's first quarter net profit fell 7.4 percent year-on-year, Saudi Arabia's third-largest bank by assets said in a statement on Thursday.. . .  Full story

India's Modi faces fight in Maharashtra state that could decide majority

25/04 Indian Prime Minister Narendra Modi's ruling party and a Hindu nationalist ally face a big electoral challenge in the critical western state of Maharashtra where rural distress, unemployment and drought may hurt Modi's bid for. . .  Full story

Israel reports highly pathogenic H5N8 bird flu at turkey farm

25/04 Israel has reported an outbreak of highly pathogenic H5N8 bird flu at a turkey farm in the northern region of Hazafon, the World Organisation for Animal Health (OIE) said on Thursday, citing a report. . .  Full story

Saudi wealth fund "not in a hurry" to issue bonds, considers funding options

25/04 Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) is "not in a hurry" to issue bonds but is assessing several funding options, an executive said on Thursday.. . .  Full story

Indonesia's Bank Central Asia Q1 income rises 10 pct, bets on fintech

25/04 PT Bank Central Asia , Indonesia's largest bank by market value, reported on Thursday a 10.1 percent increase in its first-quarter net income, boosted by higher loan growth.. . .  Full story

Nintendo cautious on Switch China launch timeline, dampens low-cost console talk

25/04 Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-cost version of the device.. . .  Full story

China's March Iran oil imports fall from year ago, Saudi supplies surge

25/04 China's imports of Iranian crude oil fell by 25 percent from a year earlier, customs data showed on Thursday, while imports from rival producer Saudi Arabia surged from a year ago making it the. . .  Full story

China March refined copper cathodes imports rise 30.7 pct from Feb- Rtrs calculations

25/04 * China's refined copper cathodes imports rose by 30.7 percent from the previous month to 279,630 tonnes in March, according to Reuters calculations based on data released by the General Administration of Customs on Thursday.. . .  Full story

SE Asia Stocks-Most slip; Indonesia falls most as consumer staples drag

25/04 Indonesian shares hit a near 1-1/2-month closing low on Thursday due to a fall in consumer staples counters, as most Southeast Asian stock markets ended down, while Philippines rose on last-minute gains in real-estate companies.. . .  Full story

Overseas investors buy Japanese stocks for third successive week

25/04 Foreigners were net buyers of Japanese stocks for a third consecutive week in April 15-19, encouraged by China's better-than-expected economic data and on hopes of progress in Japan-U.S. trade talks.. . .  Full story

Iraq oil minister says Baghdad to meet soon with KRG to discuss oil exports

25/04 Iraq's oil minister said on Thursday that Baghdad would meet soon with authorities from the Kurdistan Regional Government to discuss issues relating to oil exports from the semi-autonomous region as well as the budget agreement.. . .  Full story

Iraq seeks fair oil prices for producers - oil minister

25/04 Iraq's oil minister said on Thursday his country sought fair oil prices for producers, adding he believed prices had improved.. . .  Full story

BOJ says super-low rates to last another year, giving first timeframe

25/04 The Bank of Japan put a time frame on its forward guidance for the first time by telling investors that it would keep interest rates at super-low levels for at least one more year,. . .  Full story

Malaysian poultry firm Leong Hup launches up to $290 mln IPO

25/04 Malaysia-based poultry producer Leong Hup International launched on Thursday its long-awaited initial public offering (IPO) that aims to raise as much as 1.2 billion ringgit ($290.31 million), breaking a dry spell in the country's. . .  Full story

China stocks drop to 3-week low as investors fret over growth, stimulus

25/04 The Chinese stock market dropped to its lowest in more than three weeks on Thursday, hurt by the central bank's attempts to temper market expectations for more policy easing and concerns over economic recovery prospects.. . .  Full story

Nikkei rises to 4-1/2-month high as earnings better than feared

25/04 Japan's Nikkei rose to 4-1/2-month high on Thursday as a bevy of corporate earnings turned out to be less bad than some investors had feared and selling ahead of the long holiday eased.. . .  Full story

China big banks hiked small business loans 17 pct in Q1, reduced interest rates -regulators

25/04 Chinese banks have extended more loans at lower interest rates to small firms in the first quarter, heeding Beijing's call to support the economy, banking regulators told a news briefing on Thursday.. . .  Full story

China's bankers in uncharted waters as Shanghai launches U.S.-style tech board

25/04 As Chinese investment banker Liu Guangfu prepares to file an application for his client to list on Shanghai's Nasdaq-style technology board, he is heading into uncharted waters: how to price the new shares and sell. . .  Full story

JGB yields rise as strong equities dim safe-haven debt demand

25/04 Japanese government bonds eased on Thursday as gains in Tokyo equities weighed on the safe-haven appeal of debt.. . .  Full story

-China c.bank says no intent to tighten or relax monetary policy

25/04 China's central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday, as the market debates how much more support Beijing will give the economy after surprisingly resilient. . .  Full story

China stocks slip on worries over pace of recovery

25/04 Chinese stocks dropped on Thursday as officials warned of protracted pressure on economic growth, casting a shadow over hopes for a sustained and strong recovery. ** At the midday break, the Shanghai Composite index was down. . .  Full story

Japan's FamilyMart to spend Y25 bln on tech amid labour shortage

25/04 Japanese convenience store FamilyMart Holdings said it was set to invest 25 billion yen ($223 million) on labour-saving technologies and spend more to help its franchisees, who have been struggling with a labour crunch, to. . .  Full story

Nikkei edges higher; corporate earnings and BOJ in focus

25/04 Japan's Nikkei edged higher on Thursday morning in choppy trade as investors looked to profit guidance from corporate earnings and awaited a Bank of Japan policy decision.. . .  Full story

China c.bank to set up framework to lower RRR for small, medium banks - media

25/04 China's central bank said on Thursday that it will accelerate efforts to set up a policy framework to lower reserve requirement ratios (RRRs) for small- and medium-sized banks, according to state-owned China National Radio.. . .  Full story

S.Korea economy unexpectedly contracts in Q1, worst since global financial crisis

25/04 South Korea's economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as companies slashed investment and exports slumped in response to Sino-U.S. trade tensions and cooling Chinese demand.. . .  Full story

Singapore regulator seeks review of fraud allegations at cosmetics firm Best World

25/04 Singapore's securities regulator has called for an independent review of fraud allegations made by a short-seller against Best World International Ltd, which knocked 9 percent off the cosmetics firm's share price on Wednesday.. . .  Full story

Thailand set to be SE Asia's hottest IPO market with $5 bln of planned H2 floats

25/04 Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist. . .  Full story

BOJ to paint bleak inflation outlook, keep policy steady

24/04 The Bank of Japan is expected to keep monetary policy steady on Thursday and predict that inflation will fall short of its 2 percent target for three more years, signalling that its massive stimulus. . .  Full story

Gold prices inch up off 4-month low, still pressured by strong dollar

24/04 Gold prices edged higher on Wednesday, recovering from a near four-month low touched in the previous session under pressure from a strong dollar, as U.S. stocks took a breather following a rally.. . .  Full story

Nigeria's oil minister, Saudi Aramco discuss investment options

24/04 Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco have discussed investment options in the mid and downstream sector, Nigeria's petroleum ministry said on Wednesday in a tweet.. . .  Full story

China's economy still faces downward pressure - premier

24/04 China's economy still faces downward pressure and the government will counter it by deepening reforms and cutting taxes, state television quoted Premier Li Keqiang as saying on Wednesday.. . .  Full story

Thailand says "making progress" with high-speed Thai-Chinese railway

24/04 Thailand's government said it is "making progress" with the much-delayed high-speed Thai-Chinese rail line that is to link Thailand, Laos and China, as the three countries prepared to ink another agreement this week at Beijing's. . .  Full story

India's copper exports fell 70 pct in 2018/19 - trade body

24/04 The value of India's copper products exports declined 70 percent in the year ended in March 2019 primarily due to the shutdown of Vedanta Ltd's copper smelter, an industry association said on Wednesday.. . .  Full story

Undeterred by Khashoggi murder, global executives return to Saudi Arabia

24/04 Global finance chiefs who boycotted a Saudi investment summit last year following the murder of journalist Jamal Khashoggi returned to Riyadh this week as the Gulf kingdom gets business back on track.. . .  Full story

Hong Kong stocks drop as rally loses steam

24/04 Hong Kong stocks fell on Wednesday, despite strength on Wall Street, as a strong rally since the start of the year showed signs of fatigue in recent weeks.. . .  Full story

China stocks erase losses as tech-share rally eases monetary policy concerns

24/04 Chinese stocks rose slightly on Wednesday, recouping early losses, as an afternoon rally in technology shares offset concerns that the central bank could scale back the scope of further policy easing.. . .  Full story

Nikkei eases as caution sets in before earnings; Nissan plunges

24/04 Japan's Nikkei edged lower in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks.. . .  Full story

Thai central bank sees slower growth as exports slow

24/04 Weaker exports could hurt Thailand's economic growth this year, a central bank official said on Wednesday.. . .  Full story

China cbank injects 267 bln yuan in targeted loans as broader easing appears on hold

24/04 China's central bank extended 267.4 billion yuan ($39.8 billion) to some commercial banks on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of. . .  Full story

Japan's Heisei era: Changes, growth and tragedies

24/04 Japanese Emperor Akihito's abdication on April 30 will end the three-decade Heisei era that began on Jan. 8, 1989, one day after he inherited the throne upon the death of his father, Hirohito.. . .  Full story

China's historic city of Xian cuts financing for home buyers to curb speculation

24/04 The historic Chinese city of Xian, an emerging tech hub, said it will pare back financing for home purchases as it unveils fresh curbs to contain speculation in its property market.. . .  Full story

Sri Lanka stock index hits more than 6-year low

24/04 Sri Lanka's main stock index traded at its lowest since December 2012 on Wednesday, as investors sold the island nation's risky assets for the second day following deadly Easter Sunday attacks that killed more. . .  Full story

China stocks fall as cenbank may likely hold broad monetary easing

24/04 China stocks fell on Wednesday morning, amid new signs the central bank is putting on hold broad policy easing measures, dashing hopes for fresh large-scale liquidity pumps into the financial system.. . .  Full story

JGBs gain on stronger U.S. Treasuries, BOJ's bond buying

24/04 Japanese government bond prices edged higher on Wednesday, supported by stronger U.S. Treasuries and a regular debt-buying operation conducted by the Bank of Japan.. . .  Full story

Malaysia's March CPI up 0.2 pct y/y, below forecast

24/04 Malaysia's consumer price index rose 0.2 percent from a year earlier in March, rebounding after two months in deflationary territory, government data showed on Wednesday.. . .  Full story

Tencent-backed China online healthcare venture raises $250 mln

24/04 China's Tencent Trusted Doctor, a venture backed by tech giant Tencent Holdings , said it has raised $250 million in a fundraising round, as investors pile into China's online private healthcare sector.. . .  Full story

Nikkei flat as investors cautious before earnings; Nissan tumbles

24/04 Japan's Nikkei was flat in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks.. . .  Full story

Malaysia says it is keen for more 'fair' deals with China

24/04 Malaysia is hopeful of getting more "fair" investment from China, its foreign minister said on Tuesday, after both countries agreed to resume two multi-billion dollar projects just before a Belt and Road conference in Beijing. . .  Full story

China says will guarantee pensions amid warnings of funds drying up

24/04 China will "fully guarantee" future pension payments, a government official told reporters, amid warnings from government researchers that funds could run out by 2035.. . .  Full story

Algerian state energy company Sonatrach's CEO sacked -state TV

23/04 Algeria's interim president has sacked Abdelmoumene Ould Kaddour as the chief executive of state energy company Sonatrach, state TV said on Tuesday, creating uncertainty for investors who had started to return to the oil and. . .  Full story

China's Tsingshan expands plans for Zimbabwe steel plant

23/04 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday.. . .  Full story

Lebanon PM Hariri: banks ready to help state carry out reforms

23/04 Prime Minister Saad al-Hariri said on Tuesday he believed Lebanese banks were ready to give his government the financial support it needs, through low interest rates, to launch overdue economic reforms.. . .  Full story

Saudi's Al Rajhi Bank Q1 net profit rises 21 pct on higher fees

23/04 Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported double-digit growth in first-quarter net profit on Tuesday, helped by higher special commission income and fees.. . .  Full story

Earnings aid Saudi, real estate hurts Egypt

23/04 Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares. Saudi Arabia's index added 0.4. . .  Full story

Indonesia's PLN chief named suspect in power project graft case

23/04 The chief executive of Indonesian state electricity utility Perusahaan Listrik Negara (PLN) has been named a suspect in a graft case related to a power project, the country's Corruption Eradication Commission (KPK) said on Tuesday.. . .  Full story

Sheremetyevo airport's co-owners may sell 30 pct stake

23/04 Private shareholders in Moscow's Sheremetyevo airport may sell a 30 percent stake to raise money for a potential purchase of Russia's 30.5 percent holding at a later date, the chairman of Sheremetyevo's board Alexander Ponomarenko. . .  Full story

Malaysia's Leong Hup halves offer size, targets mid-May listing - sources

23/04 Malaysian poultry producer Leong Hup is targeting raising as much as $291 million in a scaled-down IPO in mid-May, sources with knowledge of the matter said, in what would be the Southeast Asian. . .  Full story

CLSA names U.S. head Gould as CEO to replace Slone who quit in March

23/04 Asia-focused broker CLSA has appointed Rick Gould as chief executive, replacing company veteran Jonathan Slone who resigned in March amid differences over strategy with the broker's state-backed Chinese parent CITIC Securities (CITIC).. . .  Full story

China c.bank likely to pause reserve cuts, but policy easing on track-sources

23/04 China's central bank is likely to pause to assess economic conditions before making any further moves to ease lenders' reserve requirements, after better-than-expected growth data reduced the urgency for action, policy insiders said.. . .  Full story

SE Asia Stocks-Indonesia leads gains; Philippines recovers most early losses

23/04 Indonesia led gains across Southeast Asian stock markets on Tuesday buoyed by prospects of steady economic growth in 2020, while Philippine markets ended slightly lower following a recovery in the country's largest stock.. . .  Full story

Singapore PM promotes expected successor to deputy

23/04 Singapore Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, strengthening expectations he will take over as the next leader of the wealthy city-state.. . .  Full story

China to announce rules soon to regulate commercial rocket industry

23/04 China's national space agency said on Tuesday it will soon announce rules to regulate commercial rocket manufacturing, test flights and launches, state media reported, as the number of private startups in the nascent sector surged. . .  Full story

China state-owned firms' Q1 profits rise 15.6 pct

23/04 Profits earned by China's state-owned firms in the first three months of the year rose 15.6 percent from the same period a year earlier, the Ministry of Finance said on Tuesday.. . .  Full story

Hong Kong shares end flat; H-shares fall 0.3 pct

23/04 Shares in Hong Kong ended unchanged on Monday after a long holiday weekend, while H-shares lagged as a promise of policy fine-tuning from a top-level meeting chaired by President Xi Jinping added to investor. . .  Full story

Concerns on pace of policy easing drag China shares lower

23/04 Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance. ** At the. . .  Full story

Nikkei edges up as mining, refinery stocks gain after oil hits 2019 highs

23/04 Japan's Nikkei average ended modestly higher on Tuesday, with oil-related stocks leading the gains after Washington moved to end all Iran sanctions waivers, while recent gainers such as Fast Retailing and Yaskawa Electric dropped on. . .  Full story

Sri Lankan shares dive in first day of trading after Easter Sunday attacks

23/04 The Sri Lankan stock index slumped 2.6 percent on Tuesday in its first day of trading after deadly Easter Sunday attacks that killed more than 300 people.. . .  Full story

China shares extend declines on policy support concerns

23/04 Chinese shares edged lower on Monday, extending sharp declines hit in the previous session, but a see-saw trade reflected investor uncertainty over how much additional support Beijing will provide to the economy after growth beat. . .  Full story

Long-dated JGBs rise on pre-holiday buying, weaker stocks

23/04 Long-dated Japanese government bond prices gained on Tuesday as investors stepped up purchases ahead of the long Golden Week holiday and a lacklustre session in Tokyo stocks lifted the appeal of debt.. . .  Full story

China's March diesel, jet fuel exports rise, LNG imports decline

23/04 China's jet fuel exports surged 30 percent from a year earlier in March and diesel exports rose 14.2 percent, customs data showed on Tuesday, as the country's fuel surplus increased following the start up. . .  Full story

China's March scrap metals, waste and alumina trade

23/04 China's imports of scrap metal in March rebounded from the previous month's low, rising 56.25 percent to 250,000 tonnes, data from the General Administration of Customs showed on Tuesday. February's scrap. . .  Full story

Indian junk bonds make a comeback, issuance soars

23/04 Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish U.S. Federal Reserve that has given. . .  Full story

Fast track: Indonesia, Malaysia rail projects may give China more deals

23/04 In a rural part of Indonesia's Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and. . .  Full story

S.Korea's Asiana Airlines to receive $1.4 bln support from creditors

23/04 South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country's finance minister said on Tuesday, alleviating liquidity problems after a bruising month.. . .  Full story

Nikkei slips as Fast Retailing drops on profit-taking; mining shares jump

23/04 Japan's Nikkei slipped on Tuesday as investors took profits on such recent gainers such as Fast Retailing and Yaskawa Electric, offsetting gains in oil shares which rallied after the U.S. abruptly moved to end. . .  Full story

JERA aims to double profit by FY25/26 with focus on LNG, renewable energy

22/04 JERA, Japan's biggest thermal power generator and the world's biggest buyer of liquefied natural gas (LNG), aims to double its profit by the financial year through March 2026 by stepping up investment in LNG. . .  Full story