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