13/10 Saudi Arabia launched on Sunday a
new logistics zone open to private investors in the Red Sea port
city of Jeddah, as part of a wider industrial initiative to
diversify the economy away from. . .
13/10 The Egyptian Financial Regulatory Authority (FRA) said on Sunday it had approved lowering stock exchange trading fees to encourage investment and competitiveness with other regional markets.. . .
13/10 Vietnam's economic growth this
year is expected to surpass the government's target range of
6.6%-6.8%, President Nguyen Phu Trong said, as the country
benefits from the trade war between the U.S. and China.. . .
13/10 The World Bank on Sunday
slashed its growth forecast for India's current fiscal year to
6%, down from 7.5%, warning that the "severe" slowdown could
further weaken the country's stuttering financial sector.. . .
13/10 India's financial fraud agency
said on Saturday assets worth 40.25 billion rupees ($567.60
million) of Bhushan Power & Steel Limited were connected with a
money-laundering probe, a move that could scupper the
debt-ridden firm's sale. . .
12/10 Chinese President
Xi Jinping and Indian Prime Minister Narendra Modi agreed at a
summit on Saturday to set up a high-level group to tackle
India's galloping trade deficit with the world's second-biggest
economy, a top. . .
12/10 Malaysia is "cautiously
optimistic" it would win the confidence of investors and ratings
agencies for its 2020 budget, its finance minister said on
Saturday, as the government prioritised boosting growth over
reducing the deficit in. . .
11/10 Gold demand in
top-consumer China was subdued this week as investors awaited
outcome of crucial trade negotiations with the United States,
while purchases in India during a key festival were
lower-than-usual because of higher prices.. . .
11/10 Asian oil refiners
are grappling with a jump in global freight rates that shows no
sign of abating, driving up costs of crude imports from all
regions in the fourth quarter, industry officials said.. . .
11/10 Malaysia's government on
Friday unveiled a smaller budget than expected for next year but
flagged a wider budget deficit than earlier estimated, and said
it would step in with stimulus measures should global demand
worsen.. . .
11/10 India's soybean output in 2019 is
likely to fall nearly 18% from a year ago to 9 million tonnes as
excessive rainfall hit the oilseed crop in the top
three-producing states, a leading industry. . .
11/10 Hong Kong's financial chief
urged landlords and property developers on Friday to offer rent
subsidies to retailers and food and beverage businesses
suffering after four months of protests that have dented tourism
and consumer spending.. . .
11/10 China announced a firm
timetable for opening its futures, brokerage and mutual fund
sectors fully to foreign investors next year, the latest step to
deregulate the country's giant financial industry.. . .
11/10 The Indonesian government has
opened discussion on a proposal by the bauxite-rich province of
West Kalimantan for a change in royalty rules after a jump in
production in recent months, according to a statement. . .
11/10 Japanese government bond (JGB)
prices fell across the yield curve on Friday, as hopeful signs
of progress in U.S.-China trade talks boosted risk appetite and
diminished demand for safe-haven debt.. . .
11/10 Nearly 70% of Japanese households
expect to cut back on spending after an increase in the sales
tax rate this month, a central bank survey showed, adding to
headwinds for an economy grappling with. . .
11/10 The Nikkei's benchmark index
struck its highest in over a week on Friday as the safe-haven
yen eased on hopes of progress in U.S.-China trade talks, and
Seven & I Holdings, Japan's largest convenience. . .
11/10 Japanese companies overwhelmingly
think the nation's longest postwar expansion is peaking, with
two-thirds expecting a tax hike imposed this month by Prime
Minister Shinzo Abe to hurt the economy, a Reuters poll showed
on Friday.. . .
10/10 Egypt's annual urban consumer
price inflation decreased to 4.8% in September from 7.5% in
August, the statistics office said on Thursday, slowing to its
lowest level in almost seven years and paving the way. . .
10/10 Arabtec Holding and
Trojan Holding have mandated Swiss bank UBS and
Dubai-listed Shuaa Capital as advisers on a potential
merger between the two United Arab Emirates construction firms,
two sources with knowledge of the matter. . .
10/10 Japan Airlines will
cancel more than 90% of domestic flights to and from Tokyo's
Haneda airport and Narita airport in Chiba prefecture on
Saturday due to Typhoon Hagibis, public broadcaster NHK said.. . .
10/10 Egypt plans to sell minority
stakes in two companies by year-end, ramping up its long-delayed
privatisation programme though analysts doubt it is moving
quickly enough to convince investors it is serious about opening
up the. . .
10/10 In a rare intervention,
Deutsche Bank's regulators are blocking a banker
backed by its largest shareholder, Qatar, from a seat on the
supervisory board because of a conflict of interest, according
to two people with. . .
10/10 India's rice exports in August
fell 29% year-on-year to 644,249 tonnes, government data showed
on Thursday, due to weak demand from African countries for
non-basmati rice, among other factors.. . .
10/10 Most Southeast Asian stock markets closed
in the red on Thursday amid cautious mood as market participants
awaited high-level Sino-U.S. trade talks to begin, while
Philippines ended over 1% firmer.
The. . .
10/10 Oil refiner Jiangsu
Eastern Shenghong Co. has issued a green bond worth
1 billion yuan ($140.60 million) to fund a petrochemical
complex, the latest Chinese company to use clean financing to
develop polluting fossil fuels.. . .
10/10 The Hong Kong stock market
closed higher on Thursday on hopes that Beijing and Washington
could reach a partial deal, but gains were limited after a media
report cited that this week's high-level trade. . .
10/10 Fast Retailing Co Ltd on
Thursday booked record profit for a third consecutive year on
strong sales at its Uniqlo stores in China, and forecast further
growth in the current year albeit tempered by. . .
10/10 Indonesia will expand and
simplify tax incentives it offers for investment in special
economic zones (SEZs) and develop more such areas, aiming to
attract over $50 billion investment into those zones in the next
decade,. . .
10/10 China's stocks climbed to a
two-week high on Thursday as investors hoped for a partial trade
deal between Washington and Beijing, but a report stating
Chinese officials are looking to cut short their visit. . .
10/10 Moody’s Investors Service on
Thursday cut its growth forecast for India for the fiscal year
that began in April to 5.8% from 6.2% and said a weaker growth
outlook will dampen the prospects for. . .
10/10 Japanese stocks bounced back from
early losses to end higher on Thursday, helped by a flush of
optimism over chances that the United States and China can scale
back their trade war at high-level. . .
10/10 China on Thursday said estimates
for corn consumption in 2018/19 came in lower than expected
after a severe pig disease slashed the country's pig and sow
herd, and as hog and poultry output expansion. . .
10/10 Palm oil inventories in
Malaysia, the world's second-largest producer of the edible oil,
rose for the first time in seven months in September, data from
an industry regulator showed on Thursday, as production rose
amid. . .
10/10 China stocks rose on Thursday
as reports cited that Washington is looking at rolling out a
previously agreed currency pact with Beijing, raising hopes of a
partial deal, though claims that junior negotiators had. . .
10/10 Japanese government bond prices
fell slightly on Thursday, as signs that the United States and
China may reach a compromise to de-escalate their bitter trade
war reduced demand for safe-haven assets.. . .
10/10 At least seven Asian
refiners will receive the full crude volumes they requested from
Saudi Arabia for November loading, a sign that Saudi production
has stabilized after disruptions last month, multiple sources
with knowledge of. . .
10/10 Japan's government and the central
bank will take all necessary steps to ensure a sustained
economic recovery as the country has not completely emerged from
deflation yet, Economy Minister Yasutoshi Nishimura said on
Thursday.. . .
10/10 Japanese stocks bounced back from
early losses on Thursday, as optimism improved that the United
States and China can scale back their trade war at high-level
talks taking place later in the day.. . .
10/10 Japan's Nikkei share average
turned positive and U.S. S&P500 futures pared
most of their losses on Thursday after the New York Times
reported the United States will soon issue licenses allowing
some U.S. firms to. . .
09/10 Argentina is expected to
harvest 47.5 million tonnes of corn this season, the Rosario
grains exchange said on Wednesday, down from a previous estimate
of 50 million tonnes as growers grapple with dry weather. . .
09/10 India's monsoon rains started
withdrawing from the northwest region from Wednesday, marking
the most delayed retreat of the seasonal rainfall, the Indian
Meteorological Department said on Wednesday.. . .
09/10 Brazilian food processor BRF SA
confirmed on Wednesday that its plant in Abu Dhabi
was being audited and that Saudi Arabia had restricted buying of
some of its products, but it was still supplying. . .
09/10 Indian lender Lakshmi
Vilas Bank Ltd (LVB) said on Wednesday the central
bank had not approved its merger with Indiabulls Housing Finance
Ltd, making it the latest bank to face struggles in an
already troubled. . .
09/10 Farm office FranceAgriMer sharply
increased its forecast for French soft wheat exports this
season, pointing to optimism among traders that a big harvest
and competitive prices would let France expand overseas sales.. . .
09/10 Thailand will give Charoen
Pokphand Group and its partners 10 more days to sign a contract
for a 225 billion baht ($7.43 billion) high-speed railway
linking three airports, an official said, amid a row. . .
09/10 The top shareholder in Japan's
Unizo Holdings on Wednesday pressed the hotel chain to
explain its sudden withdrawal of support for a $1.3 billion
buyout, breaking its silence over concerns about disclosure and
governance.. . .
09/10 Saudi Aramco's chief executive
said on Wednesday there would be no impact on the stock market
listing plans of the state oil giant after attacks on its
installations last month, which he blamed on. . .
09/10 Attacks on Saudi oil facilities
have had no impact on Saudi Aramco's <IPO-ARMO.SE> position
ahead of a planned partial stock market listing, its Chief
Executive Amin Nasser told an Oil & Money conference on
Wednesday.. . .
09/10 Kansai Electric Power Co Inc's
chairman and president said on Wednesday they would
resign to take responsibility for a graft scandal that has
rocked Japan's second-largest utility, in a reversal of their
stated intention to. . .
09/10 Austrian group OMV's oil
and gas output decreased slightly in the third quarter due to
maintenance work in Russia and as the previous quarter's
catch-up effects from production in Libya dissipated.. . .
09/10 The Philippine unit of AirAsia Bhd
is postponing its initial public offering (IPO) to
next year or 2021 as it focuses on corporate reorganisation and
seeking funds from existing shareholders, its chairman said on
Wednesday.. . .
09/10 Solomon Islands Prime Minister
Manasseh Sogavare met Chinese Premier Li Keqiang in Beijing on
Wednesday and signed several agreements in the first official
visit since the two countries established diplomatic relations
last month.. . .
09/10 China and Hong Kong stocks fell
in early trade on Wednesday, as escalating trade and political
tensions between Beijing and Washington a day ahead of
high-level negotiations soured risk sentiment.. . .
09/10 China's new bank loans likely
rose in September but other key gauges of credit growth remained
lacklustre, a Reuters poll showed, reinforcing expectations
Beijing needs to deliver more support to stabilise the economy
as trade. . .
09/10 A South Korean boycott of Japanese
goods is seen dragging down sales at Fast Retailing Co Ltd's
Uniqlo stores, denting otherwise strong financial
results due to be announced on Thursday by Asia's biggest
fashion group,. . .
08/10 The Saudi central bank is
vetting local lenders' exposure to Saudi Aramco ahead of an
initial public offering (IPO) of the state-oil giant that will
likely see large numbers of Saudi investors seek loans. . .
08/10 Chinese mainland tourists cut
back on trips and spending abroad during the long "Golden Week"
holidays in early October, with a weaker yuan, political turmoil
in Hong Kong and global tensions dampening their enthusiasm. . .
08/10 Japan will tighten reporting
requirements for foreign investment in industries related to
national security, officials said on Tuesday, reflecting broad
concern that China could gain access to key technology and
confidential information.. . .
08/10 Most Southeast Asian stock markets ended
higher on Tuesday as investors turned their focus to Sino-U.S.
trade talks due later this week, hoping that further tariffs
between the world's two biggest economies can be. . .
08/10 The Bank of Japan's ultra-loose
monetary policy is prodding commercial banks to slowly diversify
their source of revenue, with industry giant Mizuho Bank
announcing on Tuesday a plan to hike some fees for its. . .
08/10 China's outstanding medium-term
lending facility (MLF) totalled 3,167 billion yuan ($444.17
billion) at end-September, compared with 3,408.5 billion yuan at
end-August, the central bank said on Tuesday.. . .
08/10 Hong Kong stocks closed higher on Tuesday,
tracking gains in mainland China on stimulus hopes, though
uncertainties around Sino-U.S. trade talks and worries over
protests in the island city curbed gains.. . .
08/10 China stocks ended higher on
Tuesday, as a dim services sector survey reinforced hopes that
Beijing will roll out more stimulus measures, though
uncertainties around Sino-U.S. trade talks curbed gains.. . .
08/10 Japanese government bond (JGB)
prices fell across maturities on Tuesday, taking cues from a
rally in Tokyo stocks and overnight losses in U.S. Treasuries,
and as investors awaited U.S.-China trade talks due later in. . .
08/10 Japanese shares bounced back on
Tuesday ahead of high-level Sino-U.S. talks this week to resolve
a damaging trade war, with semiconductor-related firms leading
the gains after Samsung flagged a slightly better than expected
third-quarter profit.. . .
08/10 China stocks rose on Tuesday as
markets re-opened after a week-long holiday, with a dim services
sector survey reinforcing hopes Beijing will roll out more
stimulus measures.. . .
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