Asia Business

Erdogan says those who buy FX expecting lira to fall will pay "heavy price"

17h08 Turkish President Tayyip Erdogan said on Sunday those in the finance sector who buy foreign currencies on the expectation that the lira will fall will pay "a very heavy price", adding the Finance Ministry. . .  Full story

China's Sinopec lifts upstream capex to four-year high, plans record crude runs

13h13 Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield.. . .  Full story

Oman oil minister excited to be part of Sri Lanka oil refinery project

12h52 Oman's oil minister said on Sunday he was excited to be part of a Sri Lanka oil refinery project in a sign that plans for the sultanate's involvement may be back on track.. . .  Full story

China says will increase regulatory transparency on foreign investment

10h25 China will increase regulatory transparency for foreign investment and further open up market access, China's Vice Commerce Minister Qian Keming said on Sunday.. . .  Full story

China finmin says balancing budget revenue and spending difficult this yr

06h21 China's Finance Minister, Liu Kun, said on Sunday it will be difficult for the government to balance its budget revenue and spending this year due to various tax and fee cuts planned this year. . .  Full story

China state planner says will continue reform in oil, rail and electrity

05h16 China will continue reform of railway, oil and gas, and electricity industries and cut overcapacity in others, a vice chairman of the state planner said on Sunday.. . .  Full story

OMV and ADNOC sign 2 MOUs for collaboration in the petchem sector

23/03 Austria's OMV and Emirates ADNOC signed two memorandums of understanding, OMV said on Saturday.. . .  Full story

Chinese rescuers pull survivor from factory blast rubble, death toll reaches 64

23/03 Rescuers in eastern China pulled a survivor from rubble early on Saturday, two days after a massive explosion at a pestcide plant killed at least 64 people, flattening nearby buildings and shattering windows more than. . .  Full story

Hundreds of Algerian lawyers protest against Bouteflika

23/03 Hundreds of Algerian lawyers protested again on Saturday in the capital to demand the immediate resignation of President Abdelaziz Bouteflika who has been for 20 years in power.. . .  Full story

State-sponsored cyberattacks on banks on the rise -report

22/03 Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for International Peace.. . .  Full story

Asia Gold-India demand eases as traders defer buying; Singapore supply dips

22/03 Demand for physical gold moderated this week in India as many jewellers held off on purchases ahead of the end of the country's financial year to pay off advance taxes, while premiums in Singapore. . .  Full story

Shanghai exchange unveils first applicants for Nasdaq-style tech board

22/03 The Shanghai Stock Exchange took a major step toward launching its hotly-anticipated Nasdaq-style technology board, announcing on Friday that it had accepted listing applications from nine companies, in sectors from chip making to new energy. . .  Full story

China's Evergrande Health aims to build production capacity for up to 1 mln EVs in 3 yrs

22/03 China's Evergrande Health said on Friday it aims to build production capacity for 500,000 to 1 million electric vehicles in three years.. . .  Full story

Japan's TEPCO to enter hydrogen fuel business with JXTG

22/03 Japan's Tokyo Electric Power Company Holdings (TEPCO) and JXTG Holdings said on Friday they would build one of the world's biggest hydrogen stations in Tokyo by mid-2020, marking the entry of TEPCO to hydrogen fuel. . .  Full story

China court jails scandal-hit Fanya metals exchange founder for 18 years - Xinhua

22/03 A Chinese court on Friday fined the firm behind the now-defunct Fanya Nonferrous Metals Exchange 1 billion yuan ($149.04 million) for illegal fundraising and handed its founder a lengthy prison term, the official Xinhua news. . .  Full story

SE Asia Stocks-Philippines gains on hopes of policy easing

22/03 Most Southeast Asian stock markets ended higher on Friday, with Philippines rising to a near six-week closing peak amid expectation of monetary policy easing after the central bank cut its 2019 inflation forecast.. . .  Full story

Foreigners turn net buyers of Japanese stocks in week ending March 15

22/03 Foreign investors turned net buyers of Japanese stocks in the week ended March 15, on expectations that China's easing measures will boost its economy and signs of progress in Sino-U.S trade talks.. . .  Full story

Hong Kong stocks flat ahead of trade talks; Tencent stabilises

22/03 Hong Kong stocks recouped losses to end largely unchanged on Friday, boosted by a late-session rally in index-heavyweight Tencent Holdings, as caution reigned ahead of a fresh round of Sino-U.S. trade talks.. . .  Full story

S.Korea's Asiana fails to get accounting sign-off; shares suspended

22/03 South Korea's second-biggest carrier Asiana Airlines Inc said on Friday an independent auditor has not signed off its 2018 financial statements due to a lack of information, rendering its stock at risk of being added. . .  Full story

BOJ tankan to show big manufacturers' mood weakest in 2 yrs, trim capex

22/03 Confidence among Japan's big manufacturers likely weakened to the lowest in two years in the three months to March and it is seen worsening further over the next quarter, a Reuters poll showed on. . .  Full story

China stocks flat ahead of fresh trade talks

22/03 China stocks ended almost flat on Friday ahead of a new round of Sino-U.S. trade talks next week, but posted weekly gains of about 2.5 percent on expectations of more policy measures to spur. . .  Full story

Thailand's Siam bank in talks again with FWD for insurance unit sale

22/03 Thailand's Siam Commercial Bank Pcl (SCB) has entered into exclusive talks with Hong Kong-based insurer FWD Group for the sale of its life insurance business, nearly two years after previous talks broke off.. . .  Full story

Shadow margin loans make a sly return as China stocks sizzle

22/03 On a cloudy March morning in Shanghai's glitzy financial district of Lujiazui, Ye Lixia was knocking on the doors of potential clients, offering loans to bet on a surging stock market.. . .  Full story

Philippines' Philex delays copper-gold mine start by four years

22/03 Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit. . .  Full story

U.S. investment firm increases stake in JR Kyushu, urges share buyback

22/03 U.S.-based investment firm Fir Tree Partners said on Friday it has raised its stake in Japan's Kyushu Railway Co to 6.1 percent and urged the railway operator to boost its share price through buybacks. . .  Full story

China urges subsidies to help disease-hit pig farms restock

22/03 China has urged rural governments to offer temporary subsidies to pig breeding farms and large-scale producers to help stabilise hog production, as fears grow about the impact of a severe disease outbreak on pork supplies.. . .  Full story

Nikkei ends flat despite strong chip makers

22/03 Japan's Nikkei ended little changed on Friday as chip-related stocks offset weakness in financial stocks and drugmakers, which tumbled after Eisai said it will end its Alzheimer drug trials.. . .  Full story

Working for the weekend: China extends holiday to spur consumers

22/03 China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown.. . .  Full story

China stocks fall ahead of fresh trade talks; Tencent drags Hong Kong index

22/03 China stocks fell on Friday morning led by financial shares, as the market's rally showed signs of fatigue ahead of a fresh round of Sino-U.S. talks next week. ** Hong Kong's benchmark Hang Sang also. . .  Full story

Malaysia's February CPI falls 0.4 pct y/y, below forecast

22/03 Malaysia's economy remained in deflation for the second month in a row in February, with the consumer price index falling 0.4 percent from a year earlier, government data showed on Friday.. . .  Full story

Japan's slowing inflation leaves BOJ fighting tough price battle

22/03 Japan's annual core consumer inflation slowed in February as gasoline costs fell for the first time in more than two years, keeping the central bank under pressure to maintain, or even ramp up, stimulus. . .  Full story

Nikkei falls as financials drag; Eisai indicated to dive

22/03 Japan's Nikkei fell in choppy trade on Friday as financial stocks languished, reflecting more cautious U.S. monetary policy, while the drug sector tumbled after Eisai and Biogen said they will end their Alzheimer's drug trials.. . .  Full story

China cenbank's maturing bills, repos next week

22/03 Maturing Chinese central bank reverse bond repurchase agreements will drain 110 billion yuan ($16.43 billion) next week. The People's Bank of China (PBOC) has drained 730 billion yuan on a net. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 730 bln yuan YTD

22/03 The People's Bank of China (PBOC) has drained 730 billion yuan ($109.03 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

ENNAHAR TV

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Iran's oil exports fall in March even before further U.S. clampdown -sources

21/03 Iran's oil exports have dropped in March to their lowest daily level this year, according to tanker data and industry sources, even before Washington formally requires importing countries to reduce purchases to avoid infringing U.S.. . .  Full story

Sri Lanka says Oman Oil still keen on refinery project

21/03 The Sri Lankan government said on Thursday that Oman's government-controlled Oman Oil Co has made clear that it is interested in taking a 30 percent stake in a new oil refinery project on Sri. . .  Full story

Subsidiary of India's debt-laden IL&FS misses payment due to "insufficient funds"

21/03 India's IL&FS Transportation Networks LTD said in a filing on Thursday that it missed some 209 mln rupees ($3 million) in principal and interest payments due on March 18 because of "insufficient funds.". . .  Full story

Pakistan eyes $900 mln investment deals during Malaysian PM's visit

21/03 Pakistan is set to sign deals worth $900 million in telecoms, information technology during a three day visit by Malaysian Prime Minister Mahathir Mohamad, a senior official said on Thursday.. . .  Full story

PetroChina plans biggest capital expenditure in four years

21/03 PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock. . .  Full story

China's CITIC Securities posts 18 pct drop in 2018 profit

21/03 CITIC Securities Co Ltd, China's biggest brokerage by market value, reported an 18 percent fall in 2018 net profit on Thursday amid a weak domestic stock market.. . .  Full story

Indonesia's Lion Air in early stages of long-delayed IPO -sources

21/03 Indonesia's Lion Air has begun preliminary work on an initial public offering (IPO) that has been delayed multiple times over the past five years, sources familiar with the matter said.. . .  Full story

SE Asia Stocks-Most rise on dovish Fed policy; Vietnam slumps 2 pct

21/03 Most Southeast Asian stock markets rose on Thursday after the U.S. Federal Reserve abandoned rate hike projections for this year, while concerns over Sino-U.S. trade talks and slowing global growth weighed on the market.. . .  Full story

Taiwan c.bank holds key rates, cuts 2019 growth forecast again

21/03 Taiwan's central bank left its policy rate unchanged on Thursday, as widely expected, and again lowered its forecast for 2019 economic growth as a global electronics slowdown hurts the island's export-reliant economy.. . .  Full story

Philippines c.bank holds rate steady, warns on budget impasse

21/03 The Philippine central bank kept its benchmark interest rate steady for a third straight meeting on Thursday, as expected, saying prospects for the economy remain firm and inflation pressures are easing.. . .  Full story

China's tech hub Hangzhou sees surge in job-hopping - newspaper

21/03 High-tech Hangzhou, one of China's richest cities, is seeing a surge in job-hopping among white-collar workers, largely due to an uncertain outlook for businesses and unhappiness over salaries, a newspaper backed by the city government. . .  Full story

CK Hutchison full-year profit rises 11 pct, in line with forecasts

21/03 CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, on Thursday posted an 11 percent rise in full-year profit, as stable growth in retail, telecommunications, infrastructure and ports businesses helped. . .  Full story

China's pork imports to double in 2019 as swine fever hits local output -analyst

21/03 China's 2019 pork imports are set to double from last year to 2 million tonnes, a Rabobank analyst said on Thursday, as African swine fever hits production of the meat in the world's top. . .  Full story

Hong Kong stocks close down as tech firms weigh

21/03 Hong Kong stocks ended lower on Thursday, pressured by tech firms, as concerns about Sino-U.S. trade talks lingered.. . .  Full story

Value of China's metal e-waste to double to $24 bln by 2030 -Greenpeace

21/03 The potential value of recyclable metals in discarded mobile phones, laptops and desktop computers in China will more than double to around $24 billion by 2030, environmental group Greenpeace forecast on Thursday.. . .  Full story

Shanghai stocks end higher on dovish Fed stance

21/03 Shanghai stocks edged higher on Thursday, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting.. . .  Full story

India state banks want Jet Airways' Goyal to reduce stake to 10 pct - CNBC-TV18

21/03 A group of Indian state-run banks want Jet Airways' embattled founder and Chairman Naresh Goyal to reduce his stake in the carrier to 10 percent, news channel CNBC-TV18 reported on Thursday, quoting sources.. . .  Full story

China's nationwide pollution readings rise 5 pct in Jan-Feb

21/03 China's average concentrations of lung-damaging particles known as PM2.5 rose by 5.2 percent in the first two months of the year, the environment ministry said on Thursday, casting doubt over the country's ability to meet. . .  Full story

China, Hong Kong stocks edge higher on dovish Fed stance

21/03 China and Hong Kong stocks rose on Thursday morning, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting.. . .  Full story

Philippine nickel producer DMCI sees tough year with mine shut, inventory declining

21/03 Philippine nickel producer DMCI Mining Corp, a unit of conglomerate DMCI Holdings Inc, on Thursday said it expected 2019 to be a tough year, with one of its two mines still suspended and its. . .  Full story

South Korea to cut stock transaction tax this year

21/03 South Korea's finance ministry and top market regulator said on Thursday they will cut the tax rate for stock trading this year in an effort to support domestic equity markets and startup firms.. . .  Full story

Oman denies it has agreed to invest in Sri Lanka oil refinery project

20/03 Oman's oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country's participation.. . .  Full story

Key Jet Airways lender SBI says bankruptcy 'last option', rescue almost ready

20/03 Bankruptcy is the "last option" for Jet Airways, State Bank of India's (SBI) chairman said on Wednesday, adding that it might still be possible to draft in a new investor to keep the airline flying.. . .  Full story

India's state-run MSTC $33 mln IPO subscribed 1.5 times after sale extension

20/03 Indian e-commerce firm MSTC Ltd's initial public offering to raise as much as 2.26 billon rupees ($32.86 million) was subscribed 1.5 times, after the company extended the share sale until Wednesday and cut the lower. . .  Full story

China will strive to achieve 2019 economic goals - premier

20/03 China will strive to achieve its economic development targets for 2019, state television said on Wednesday, quoting the cabinet after a meeting chaired by Premier Li Keqiang.. . .  Full story

Saudis to seek $20 bln investments for planned tourism landmark

20/03 Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor roadshow before the end of the year, the head of. . .  Full story

Vietnam hikes retail electricity prices by 8.36 pct -ministry

20/03 Vietnam has raised its retail electricity prices by 8.36 percent to an average of 1,864.4 dong ($0.0804) per kilowatt hour, the Ministry of Industry and Trade said on Wednesday.. . .  Full story

SE Asia Stocks-Most fall on trade jitters, Fed caution

20/03 Most Southeast Asian stock markets fell on Wednesday as risk appetite soured after a report of possible hurdles in the Sino-U.S. trade talks, and ahead of the U.S. Federal Reserve policy decision later in. . .  Full story

Traffic-clogged Jakarta plans to invest over $40 bln in infrastructure in next 10 yrs

20/03 Indonesia's capital plans to invest 571 trillion rupiah ($40.27 billion) to upgrade its transportation and other infrastructure in the next 10 years, its governor was reported by media as saying on Wednesday.. . .  Full story

Piles of pigs: Swine fever outbreaks go unreported in rural China

20/03 When pigs on the Xinda Husbandry Co. Ltd breeding farm in northern China began dying in growing numbers in early January, it looked increasingly likely that the farm had been struck by the much. . .  Full story

Taiwan export orders fall most in nearly 3 years as tech slump drags on

20/03 Taiwan's export orders fell the most in nearly three years in February as global demand for consumer electronics remained sluggish, pointing to a further slowdown in the export-reliant economy.. . .  Full story

CLSA's CEO quits as strategy differences with parent CITIC emerge -sources

20/03 The chief executive of brokerage CLSA has resigned with more management change likely amid differences over strategy with Chinese parent CITIC Securities Co Ltd (CITIC), people with direct knowledge of the matter said.. . .  Full story

HK stocks close weaker on trade war jitters, Fed caution

20/03 The Hong Kong stock market ended lower on Wednesday as investors kept a cautious stance ahead of the U.S. Federal Reserve's policy decision later in the day and on reports of renewed tension in. . .  Full story

Global mood pulls down most major Gulf markets

20/03 Saudi Arabia's stock market dropped on Wednesday as its banks fell, while most major Gulf markets also slid, mirroring global cues ahead of a decision by the U.S. Federal Reserve on its interest rate. . .  Full story

China stocks flat ahead of Fed decision; trade outlook weighs

20/03 Chinese stocks were little changed on Wednesday ahead of the Federal Reserve's interest rate decision later in the day and on uncertainty surrounding Sino-U.S. trade negotiations. ** The Shanghai Composite index was flat at 3,090.64 points.. . .  Full story

Nikkei up slightly before Fed; Sony, Nintendo slide as Google starts gaming business

20/03 Japan's Nikkei eked out small gains on Wednesday as investors awaited the outcome of a Federal Reserve policy review, while Sony and Nintendo tumbled on news that Google is starting a gaming business.. . .  Full story

Nikkei steadies before Fed; Sony, Nintendo slide as Google targets gaming business

20/03 Japan's Nikkei edged up in midmorning trade on Wednesday after a choppy start as investors awaited the outcome of a Federal Reserve policy review, while Sony and Nintendo tumbled on news that Google is. . .  Full story

After year-long drought, two big Malaysian IPOs set for Q2 launch - sources

20/03 Malaysia's poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings in the second quarter, which would revive the nation's moribund primary market, sources. . .  Full story

S. Korea's cenbank needs to be wary of policy easing - board member

20/03 South Korea's central bank needs to be mindful of the side effects of an early easing in policy rates, a bank board member said on Wednesday, adding to views that the bank's seven-member board. . .  Full story

Malaysia's March 1 - 20 palm oil exports fall 2.3 pct -AmSpec Agri

20/03 Exports of Malaysian palm oil products for March 1 - 20 fell 2.3 percent to 908,718 tonnes from 929,856 tonnes shipped during February 1 - 20, according to independent inspection company AmSpec. . .  Full story

China, Hong Kong stocks falter on trade worries, Fed caution

20/03 Shares in mainland China and Hong Kong fell on Wednesday after a report suggested possible hurdles in Sino-U.S. trade talks, and as investors exercised caution ahead of a policy decision by the U.S. Federal. . .  Full story

Toshiba Memory IPO likely pushed back two months to November -source

20/03 U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months, a person with knowledge of the matter said on Wednesday, moving to November what is. . .  Full story

BOJ policymakers disagree on next policy move as risks mount

20/03 Bank of Japan policymakers disagreed on how quickly the central bank should ramp up monetary stimulus, minutes of their January rate review showed on Wednesday, as heightening overseas risks threatened to derail the country's fragile. . .  Full story

From farms to slums, Indian women on sharp end of jobs crisis

20/03 A few years ago, in this sweltering corner of western India, the horizon was dotted with hunched, barefoot women swinging sickles all day to cut wheat for the spring harvest.. . .  Full story

COLUMN-Oil and equities prepare to party like it's 1999: Kemp

20/03 Investors seem to be betting history will repeat itself, with the Federal Reserve cutting interest rates to keep the U.S. expansion going, just as it did in 1998, producing one final bull run in. . .  Full story

Japan factory mood hits weakest since 2016 as trade rifts bite-Reuters Tankan

20/03 Confidence among Japanese manufacturers hit its weakest in two-and-a-half years in March, a Reuters poll showed, as global trade friction fuelled concerns that a postwar record growth cycle driven by Abenomics may be over.. . .  Full story

Egypt, Nissan agree to produce 100,000 cars a year: minister

19/03 Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday.. . .  Full story

Egypt, Nissan agree to produce 100,000 cars a year - minister

19/03 Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday.. . .  Full story

India's Mindtree management rejects L&T's hostile takeover bid

19/03 India's Mindtree on Tuesday rejected conglomerate Larsen & Toubro's hostile takeover bid, saying L&T's plan to acquire a controlling stake will not create value for the IT services firm or its shareholders.. . .  Full story

Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery

19/03 India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made. . .  Full story

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

19/03 A crisis at India's Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.. . .  Full story

Oil and equities prepare to party like it's 1999: Kemp

19/03 Investors seem to be betting history will repeat itself, with the Federal Reserve cutting interest rates to keep the U.S. expansion going, just as it did in 1998, producing one final bull run in. . .  Full story

IMF urges South Sudan to stop taking oil-backed loans

19/03 South Sudan should stop selling expensive and opaque oil advances, the International Monetary Fund said, because loan resettlements were hindering spending vital for the implementation of a peace deal.. . .  Full story

FAO calls on Vietnam to declare swine fever a national emergency

19/03 The United Nations Food and Agriculture Organization (FAO) on Tuesday advised Vietnam to declare a rapidly spreading outbreak of African Swine Fever as a national emergency.. . .  Full story

SE Asia Stocks-Most fall ahead of cenbank policy meetings; Thailand gains

19/03 Thai shares rose nearly 1 percent in thin trade on Tuesday, snapping three straight sessions of falls, while most other Southeast Asian markets ended lower ahead of the U.S. Federal Reserve policy meeting and. . .  Full story

Temasek investment arm appoints new CEO

19/03 Singapore's Temasek International said on Tuesday Dilhan Pillay Sandrasegara will take over as its CEO, while its current CEO Lee Theng Kiat will become chairman next month.. . .  Full story

HK shares edge higher ahead of Fed meeting

19/03 Hong Kong stocks inched higher on Tuesday ahead of a U.S. Federal Reserve meeting this week where it is widely expected to strike a dovish tone. ** At the close of trade, the Hang. . .  Full story

India government asked banks to save Jet, avoid bankruptcy -sources

19/03 India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two. . .  Full story

Japan's 2018 commercial land prices rise at fastest pace in 11 years

19/03 Japanese commercial land prices climbed at their fastest pace in 11 years in 2018, a government survey showed on Tuesday, led by strong demand for office space and a boom in tourism.. . .  Full story

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

19/03 Nickel Asia Corp, the Philippines' top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told. . .  Full story

China shares edge lower on profit-taking; Fed meeting eyed

19/03 China's main stock indexes ended lower on Tuesday, pulling back from near 6-1/2-month highs in the previous session, on profit taking, but losses were limited by hopes for continued government support for the economy and. . .  Full story

Pakistan's Engro starts operations at large lignite power station

19/03 Pakistan's Engro Powergen Thar Private Ltd (EPTL) on Tuesday started test run operations at a large power station that will use domestic lignite coal to generate electricity, the company's chief executive told Reuters.. . .  Full story

Nikkei edges lower as exporters weak; financials gain on U.S. yields

19/03 Japan's Nikkei ended lower on Tuesday as investors took profits on exporters' stocks, but losses were capped by gains in financials which were helped by rising U.S. yields.. . .  Full story