Sectors Shares
SECTIONS

Asia Business

Morocco’s annual inflation rises to 2.7 pct yr/yr in April

22/05 Morocco's annual consumer price inflation rate rose to 2.7 percent in April from 2.5 percent in March, mainly due to higher food prices, the High Planning Authority said on Tuesday.  Full story

France's Total takes stake in Russia's Arctic gas project

21h23 French energy major Total will buy a 10 percent stake in a Russian Arctic gas project under a deal struck during Emmanuel Macron's visit to Russia, and showing the Kremlin's ability to find foreign partners. . .  Full story

Germany's Mittelstand seek ways to keep doing business with Iran

18h34 Germany's small-to-medium-sized firms, or Mittelstand, are scrambling to work out how to maintain business in Iran after a meeting between Germany's foreign minister and his U.S. counterpart dashed any hopes of a breakthrough on the. . .  Full story

Russia's Novak says oil production curbs could be eased 'softly' - Ifax

18h15 Russian Energy Minister Alexander Novak said on Thursday restrictions on oil production could be eased "softly" if OPEC and non-OPEC countries see the oil market balancing in June, the Interfax news agency reported.. . .  Full story

Qatar market up on foreign ownership hopes, other markets flat

17h02 Qatari stocks led regional gains on Thursday after the government announced it was moving ahead with a draft law to allow full foreign ownership of companies.. . .  Full story

Israel's Bank Leumi to start share buyback next week

16h25 Bank Leumi, Israel's second-largest lender, said on Thursday it would start next week the first share buyback programme by an Israeli bank in more than three decades.. . .  Full story

Saudi Binladin Group to be slimmed down, renamed - sources

15h03 Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an. . .  Full story

Malaysia's AirAsia quarterly profit up 85 pct, a record high

14h23 Malaysia's AirAsia Group Bhd reported a record net profit in the first quarter mainly helped by the disposal of a ground handling services unit.. . .  Full story

Sri Lanka's tea output falls 15 pct in April y/y

14h08 Sri Lanka's tea output fell 15.3 percent in April from a year earlier, the state-run Tea Board said on Thursday, with industry officials attributing the decline to a high base effect and more. . .  Full story

IDG Capital fires manager in China after sexual messages posted online

14h05 Venture capital firm IDG Capital has fired a top investment manager in China, following leaked messages on social media purporting to show he had made sexual advances toward several women in the course of his. . .  Full story

Sri Lankan shares edge up from 1-week closing low

14h04 Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover.. . .  Full story

Algeria plans customs duties from 60 to 200 pct on finished goods-document

13h55 Algeria plans to impose customs duties of 60 percent to 200 percent on finished goods, according to an official document seen by Reuters on Thursday, part of efforts to offset a fall in energy. . .  Full story

Libya's AGOCO raises oil output after power supply problems ease

12h29 Libyan state oil firm AGOCO said it increased its crude production to 180,000 barrels a day (bpd) on Thursday, after cutting it the previous day when unusually hot weather affected power supplies.. . .  Full story

SE Asia Stocks-Indonesia jumps most in 22 months; Malaysia falls further

12h27 Indonesian stocks jumped 2.7 percent on Thursday, the most since August 2016, while Malaysian shares fell for a fourth straight session as a widening probe over corruption linked to the previous government and continued capital. . .  Full story

China plans to cut import tariffs on some consumer goods from July 1-Bloomberg

11h54 China plans to cut import tariffs on some consumer products ranging from food and cosmetics as early as July 1, Bloomberg reported on Thursday, citing unidentified sources.. . .  Full story

Israel's Bezeq weighs disposals as profit, revenue drop

11h16 Bezeq Israel Telecom is working on a new strategy that could include selling off assets to help contend with intensifying competition as it saw a 26 percent drop in first quarter net profit.. . .  Full story

China state-owned firms' profits in Jan-April up 18.4 pct y/y

10h42 Profits at China's state-owned firms rose 18.4 percent in the first four months of 2018 against the same period a year earlier, the Ministry of Finance said on Thursday.. . .  Full story

Hong Kong stocks end higher on services, energy firms

10h22 Hong Kong stocks ended higher on Thursday, helped by services and energy companies, though gains were capped amid renewed concerns over China-U.S. trade tensions. ** At close of trade, the Hang Seng index rose 0.3 percent. . .  Full story

UAE's Mubadala to take stake in subsidiary of Russia's Gazprom

09h49 Abu Dhabi's state-owned Mubadala Investment Company has acquired a 44 percent stake worth at least $271 million in an oil subsidiary of gas giant Gazprom, the Russian company said on Thursday.. . .  Full story

Bomin Group launches IMO-compliant ultra-low sulphur marine fuel

09h36 Germany-based Bomin Group has started delivering ultra-low sulphur fuel oil (ULSFO) as a marine fuel to ships calling in the Amsterdam-Rotterdam-Antwerp region, the company said in a statement on Thursday.. . .  Full story

Nikkei drops as U.S probe hits automakers, its volatility index soars

09h02 Japan's Nikkei share average fell to more than two-week lows on Thursday as automakers slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to new U.S.. . .  Full story

JGBs little changed but long maturities gain on weak stocks

08h32 Most Japanese government bonds were little changed on Thursday but some super-long bonds firmed slightly as Japanese share prices tumbled for the third consecutive day, boosting the allure of government bonds.. . .  Full story

In Cambodia's capital, Chinese buyers pump luxury property bubble

07h06 Guo Qirui, 30, says it's a lonely journey when he goes home to his rented luxury condominium in Phnom Penh, the capital of Cambodia, the country where the Chinese retail executive has lived for. . .  Full story

China jails insurer PICC's ex-president for corruption - state media

06h54 The former president of the People's Insurance Company (Group) of China Ltd was jailed for 11 years for taking bribes, state media reported on Thursday, the latest senior executive brought down by Beijing's anti-graft campaign.. . .  Full story

China, HK stocks little changed amid renewed trade concerns

06h14 China and Hong Kong stocks barely moved on Thursday, as caution prevailed amid renewed concerns over China-U.S. trade tensions.. . .  Full story

-Singapore upgrades Q1 GDP, 2018 outlook on resilient demand

04h52 Singapore's economy grew at a slightly faster pace in the first quarter than initially estimated, as factory activity remained robust, while an improvement in global demand prompted the government to upgrade its 2018 growth forecast.. . .  Full story

China says hopes to work with Japan, South Korea on FTA as soon as possible

04h42 China hopes to work with Japan and South Korea to reach a mutually beneficial free trade agreement as soon as possible, the Chinese commerce ministry's spokesman said on Thursday.. . .  Full story

Nikkei drops to over 2-week lows as U.S probe hits automakers

04h39 Japan's Nikkei share average fell to more than two-week lows on Thursday as automakers like Toyota slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to. . .  Full story

Indonesian ride-hailing firm Go-Jek says to expand abroad

04h00 Indonesian ride-hailing and online payment firm Go-Jek on Thursday said it would enter Vietnam, Thailand, Singapore and the Philippines in the next few months, investing $500 million in its international push.. . .  Full story

Bank of Korea statement on policy decision

03h55 Following is the full text of the statements released by the Bank of Korea in English after the central bank held its key interest rate steady at 1.50 percent on Thursday, as expected, as. . .  Full story

South Korean economy on track to 3 pct growth -fin min

02h11 South Korea's economy is well on track for annual growth of 3 percent though some indicators were open to varying interpretations about current economic conditions, Finance Minister Kim Dong-yeon said on Thursday.. . .  Full story

Japan business mood improves, signals return to growth-Reuters Tankan

01h00 Confidence among Japanese manufacturers improved in May for the first time in four months while service-sector sentiment hit a record high, the Reuters Tankan poll showed, suggesting the economy may return to growth after a. . .  Full story

Libya cuts oil output by up to 120,000 bpd due to power problems -official

00h45 Libya's National Oil Corp on Wednesday cut oil production by about 120,000 barrels a day as its eastern subsidiary AGOCO faced power problems due to unusually hot weather, a company official said on Wednesday.. . .  Full story

EXCLUSIVE-Bain wins $1 bln rescue of Italian engineer Trevi -sources

23/05 Italian engineering firm Trevi has chosen Bain Capital Credit for a rescue deal worth more than 900 million euros ($1.06 billion), four sources told Reuters.. . .  Full story

Egypt and Russia sign 50-year industrial zone agreement

23/05 Egypt and Russia signed a 50-year agreement on Wednesday to build a sprawling industrial zone that Egypt hopes will attract up to $7 billion in investments.. . .  Full story

Turkey needs to restore monetary policy credibility -deputy PM

23/05 It is high time that Turkey restored monetary policy credibility, Deputy Prime Minister Mehmet Simsek said on Wednesday, shortly after the central bank said its Monetary Policy Committee had convened.. . .  Full story

Libyan oilfield suffers 'distribution delay' amid protest threats -NOC

23/05 Libya's National Oil Corp (NOC) said on Wednesday there had been a "minor distribution delay" from Raguba field but production was unaffected despite threats from protesters, who also targeted a second field.. . .  Full story