Asia Business

Italy court finds Saipem guilty in Algeria graft case but acquits Eni

20/09 An Italian court found oil services group Saipem and a former CEO guilty of corruption in a long-running trial over bribes in Algeria but acquitted oil major Eni.  Full story

SE Asia Stocks-Rise on report of China's plan to slash import tariffs

05h40 Philippine shares jumped on Friday after a report that China would cut import tariffs for most of its trading partners, sidelining wider trade war worries, while Singapore shares hit their highest in over two. . .  Full story

Nikkei at 8-mth highs, Wall St rally makes markets less edgy over trade

04h48 Japan's Nikkei advanced to fresh eight-month highs led by an upbeat Wall Street performance, with commodity stocks rising as investors appeared to gravitate to the view that the U.S.-China trade row would be less. . .  Full story

China cenbank's maturing bills, repos next week

03h42 Maturing Chinese central bank reverse bond repurchase agreements will drain 290 billion yuan ($42.42 billion) next week. China's central bank said on Monday that it lent 265 billion yuan to financial. . .  Full story

China drains 860 bln yuan YTD in open market operations

03h32 The People's Bank of China (PBOC) has drained 860 billion yuan ($125.63 billion) on a net basis from money markets via open market operations so far this year. China's. . .  Full story

Japan inflation ticks up but BOJ's target still out of reach

03h12 Japan's annual core consumer inflation ticked up slightly in August but remained distant from the central bank's 2 percent target, suggesting that monetary policy will stay ultra-loose for the time being.. . .  Full story

It is not all Fed: Domestic debt risks may spur more Asia rate hikes

02h07 Some Asian economies running large external surpluses, including Thailand and South Korea, might be forced to tighten monetary policy soon as high household debt poses a bigger financial risk than the U.S. Federal Reserve's steady. . .  Full story

Micron shares slide as U.S. tariffs weigh on outlook

01h56 Chipmaker Micron Technology Inc on Thursday said U.S. tariffs on Chinese goods would weigh on its financial results for as much as a year, sending shares down sharply.. . .  Full story

China diesel demand picks up at fastest pace in at least five years

01h00 China's diesel demand will grow at its fastest in at least five years as a pick-up in diesel-intensive sectors in the world's second-biggest economy coincides with lower output from domestic refineries, several sources and analysts. . .  Full story

Oman central bank foreign assets fall to five-year low as deficit weighs

20/09 The Omani central bank's foreign assets fell to a five-year low in July as a deficit in goods and services trade continued to drain the country's external reserves, central bank data showed on Thursday.. . .  Full story

Emirates, Etihad airlines deny report they may merge

20/09 State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the. . .  Full story

Demand for Slovakia's Eastring gas pipeline could hit 12 bcm in first year -study

20/09 Slovakia's proposed Eastring gas pipeline, aimed at reducing southeastern Europe's reliance on Russian supplies, could be operational by 2025 and draw initial demand of 12 billion cubic metres (bcm) a year, according to a feasibility. . .  Full story

Egypt inks $352 mln deal with Siemens to manage power stations

20/09 Egypt on Thursday signed a $352 million contract with Siemens AG and Siemens Technologie to manage three gigantic new power plants built to plug a gap in Egypt's electricity needs, state news agency MENA reported.. . .  Full story

Turkey's Albayrak says inflation to peak in October, enter downward trend by year-end

20/09 Turkey's inflation will peak in October, but enter a downward trend by the end of the year, Finance Minister Berat Albayrak said on Thursday, hours after unveiling a new medium-term programme.. . .  Full story

Sri Lanka plans 10 pct increase in 2019 government expenditure

20/09 Sri Lanka plans to increase its government expenditure by 10.1 percent in 2019 to 4.38 trillion rupees ($25.98 billion), a finance ministry document showed on Thursday.. . .  Full story

Kuwait positive ahead of FTSE entry; other markets mixed

20/09 Kuwait's stock market closed on a positive note on Thursday on expectations of passive fund inflows when it partly joins the FTSE Russell emerging market index on Monday, while other markets were mixed.. . .  Full story

Africa-focused buyout firm DPI buys irrigation company CMGP for $100 mln

20/09 Africa-focused private equity firm DPI has bought a majority stake in Moroccan irrigation company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for around $100 million, it said in. . .  Full story

Oman central bank's foreign assets fall to lowest since 2013

20/09 Oman's central bank released the following data on money supply and bank lending in July on Thursday, showing its foreign assets including bullion dropping to their lowest since 2013.. . .  Full story

Saudi's ACWA Power delays plans for IPO - sources

20/09 Saudi Arabian utility developer ACWA Power <IPO-ACPO.SE> has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with the matter said on Thursday.. . .  Full story

SE Asia Stocks-Most rise as trade war fears fade; Philippines falls over 1 pct

20/09 Most Southeast Asian stock markets rose on Thursday, in line with broader Asia on continued relief that the recent tit-for-tat tariffs by the United States and China were less harsh than feared.. . .  Full story

Iraq's southern oil exports approach record high in Sept-sources

20/09 Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC's second-largest producer is following through on a deal to raise supply and. . .  Full story

Two Samsung units to sell group firm's shares, as S.Korea targets cross-ownerships

20/09 Two Samsung Group affiliates said they are selling their entire stakes worth a combined $867 million in Samsung's de facto holding company, as South Korea's biggest conglomerate faces government pressure to unwind group cross-shareholdings.. . .  Full story

Turkey slashes growth forecasts for 2018, 2019 in economic plan, lira falls

20/09 Turkey sharply cut its growth forecasts for this year and next in its new medium-term economic programme on Thursday, amid a deep currency crisis that has seen the lira fall by 40 percent this. . .  Full story

Hong Kong stocks end higher as investors brush aside trade war fears

20/09 Hong Kong stocks ended higher for a third straight session on Thursday, helped by consumer and technology shares, as sentiment improved after the Sino-U.S. trade war unfolded in ways less damaging than feared.. . .  Full story

Indian oil refiner part-owned by Iranian company cancels Iran oil imports

20/09 India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.. . .  Full story

Tidal wave of Chinese marine parks fuels murky cetacean trade

20/09 Eight beluga whales jump in unison out of a bright blue indoor pool, flipping their tailfins and spewing fountains of water, as a packed audience cheers and snaps photographs.. . .  Full story

China stocks end lower as trade war caution persists

20/09 Shares in China gave up ground on Thursday after two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the Sino-U.S. trade war. ** At the close, the Shanghai. . .  Full story

Nikkei steady as financials rise, profit taking limits gains

20/09 Japan's Nikkei ended little changed on Thursday as an extended rally in financial shares were largely offset by profit taking after several days of big gains for the broader market.. . .  Full story

China's steel demand to stay firm despite U.S. trade war - industry official

20/09 China's steel demand will remain firm despite the country's escalating trade war with the United States, and any efforts by Washington to "sabotage" the Chinese economy will not succeed, the head of China's steel association. . .  Full story

JGBs little changed, capped by robust stocks, weaker Treasuries

20/09 Japanese government bond prices were little changed across the board on Thursday, capped by robust stocks and weaker U.S. Treasuries.. . .  Full story

China stocks retreat as trade war fears persist; Hang Seng flat

20/09 Shares in China fell on Thursday morning, turning around from two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the Sino-U.S. trade war.. . .  Full story

Malaysia's Sept 1 - 20 palm oil exports rise 79.2 pct -ITS

20/09 Exports of Malaysian palm oil products for September 1 - 20 rose 79.2 percent to 1,096,297 tonnes from 611,736 tonnes shipped during August 1 - 20, cargo surveyor Intertek Testing Services said. . .  Full story

Malaysia's Sept 1 - 20 palm oil exports rise 72.7 pct -AmSpec Agri

20/09 Exports of Malaysian palm oil products for September 1 - 20 rose 72.7 percent to 1,051,807 tonnes from 609,098 tonnes shipped during August 1 - 20, according to independent inspection company AmSpec. . .  Full story

Strong China demand pushes Russian ESPO crude oil premiums to 4-yr high -sources

20/09 Spot premiums for Russia's ESPO Blend crude oil have hit their highest in more than four years, buoyed by a jump in Chinese demand, multiple trade sources said on Thursday.. . .  Full story

NZ quarterly growth hits fastest in 2 years, but challenges loom

20/09 New Zealand's economy grew at its fastest in two years last quarter, a surprise result in a gloomy business climate that could spare the central bank from any need to raise the prospect of. . .  Full story

Nikkei edges up as financials rise, momentum slows after extended surge

20/09 Japan's Nikkei share average inched up on Thursday as financial shares extended their rise, although advances were limited as market momentum slowed after several days of big gains.. . .  Full story

S.Korea warns of fast household debt growth, financial risks

20/09 South Korea's central bank warned on Thursday that household debt was growing much faster than the Organization for Economic Cooperation and Development average as large mortgages and high rents drive up indebtedness.. . .  Full story

U.S. oil prices surge as inventory draw adds to supply concerns

19/09 U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over U.S. sanctions. . .  Full story

Egypt to evaluate method of further state company sales in Jan -finance minister

19/09 Egypt's finance minister said on Wednesday the government would evaluate the method of remaining state company sales in January after five share offerings planned before the end of this year.. . .  Full story

Egypt plunges as liqudity tightens, Saudi climbs

19/09 Egypt's stock market plunged to its lowest close this year on Wednesday as liquidity tightened, while most Gulf markets were little changed and Saudi Arabia continued to rebound from six-month lows.. . .  Full story

Lebanon president: negative rumours about the economy harm country

19/09 Lebanon's currency is not in danger and rumours about the economy are causing harm, President Michel Aoun said on Wednesday, amid concern that a political deadlock has blocked urgent reforms and left the heavily indebted. . .  Full story

Emerging-market debt issuance on ice after turbulent summer

19/09 Emerging-market debt issuance is on hold after a summer of volatility, with the market effectively closed for borrowers like Turkey and Russia, although Asian and Middle East issuers can still get their bonds to market.. . .  Full story

Algeria plans 1.5 percent spending cut next year -government document

19/09 Algeria plans to cut spending by 1.5 percent in 2019 after a rise this year, despite a recovery in oil prices, as it seeks to rebalance its finances, according to a. . .  Full story

Turkish house sales tumble in August

19/09 Turkish house sales dropped 12.5 percent year-on-year in August to 105,154 and mortgaged house sales tumbled by two thirds, data showed on Wednesday, as expectation grows of a sharp economic slowdown in the second half. . .  Full story

-Abu Dhabi studies restructuring options for $1.2 bln Etihad-linked bonds -sources

19/09 The government of Abu Dhabi is looking at proposals to restructure some $1.2 billion of troubled bonds that were issued by Abu Dhabi state-owned carrier Etihad Airways in partnership with other airlines, sources familiar with. . .  Full story

Japan regulator to check banks' readiness for emerging market swings -sources

19/09 Japan's financial regulator plans to check if the country's banks and other financial institutions are prepared to deal with any impact from sharp swings in emerging markets, sources with direct knowledge of the matter told. . .  Full story

China's subway splurge could help its steel sector get back on track

19/09 A push to expand subway networks in some of China's biggest cities along with a drive to boost broader infrastructure investment in the world's No.2 economy are helping brighten the outlook for the nation's mammoth. . .  Full story

SE Asia Stocks-Most markets rise as investors move on from trade war fears

19/09 Most Southeast Asian stock markets rose on Wednesday, tracking gains in broader Asia, as investors shrugged off the latest round of tariff war between Washington and Beijing. China will levy tariffs. . .  Full story

HK stocks rise as limited impact seen from escalation in Sino-U.S. dispute

19/09 Hong Kong shares rose to a two-week high on Wednesday, joining a broad rally in Asian markets, as investors saw limited impact from an escalating Sino-U.S. trade war, and bet on more stimulus from. . .  Full story

China's sow herd falls in August by 4.8 pct from a year earlier

19/09 China's sow herd fell in August by 4.8 percent from a year earlier, the country's State Council said on its website on Wednesday citing data from the Ministry of Agriculture and Rural Affairs, the. . .  Full story

Firestone reduces Liberia rubber wood output as low prices bite

19/09 U.S.-based Firestone Natural Rubber has reduced production at its rubber wood factory in Liberia and is laying off 75 staff, the latest blow to the world's largest natural rubber plantation and. . .  Full story

JGBs dip on fall in U.S. Treasuries, caution on 20-yr auction

19/09 Japanese government bond prices dropped on Wednesday, tracking a slide in U.S. Treasuries as well as caution ahead of a 20-year JGB auction.. . .  Full story

China stocks rebound as stimulus hopes offset trade war concerns

19/09 China stocks rebounded strongly for the second straight day on Wednesday as investors piled into property and consumer stocks, betting Beijing will intensify stimulus measures to cushion the impact of an escalation in the Sino-U.S.. . .  Full story

Philippines' Cal-Comp delays $125 mln IPO due to market conditions

19/09 The Philippine unit of Taiwan's New Kinpo Group said on Wednesday it postponed an initial public offering (IPO) valued at up to 6.77 billion pesos ($125.2 million), the latest firm to delay its debut. . .  Full story

Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise

19/09 Japan's Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after U.S. yields jumped.. . .  Full story

Malaysia weighing debt issuance, asset sales to meet financing needs

19/09 Malaysia on Wednesday said it will consider a combination of new debt issuance and asset sales to meet its short-term financing needs after a scrapped consumption tax was expected to leave a revenue shortfall.. . .  Full story

EXCLUSIVE-Indian police scrutinize major law firm in PNB fraud probe after documents moved

19/09 India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank from CAM’s premises in February, a. . .  Full story

China, Hong Kong stocks rise, stimulus seen cushioning trade blow

19/09 China and Hong Kong stocks gained on Wednesday on expectations that Beijing will undertake further stimulus measures to cushion the impact of fresh U.S. trade tariffs on Chinese goods.. . .  Full story

Malaysia's Aug inflation rate at 0.2 pct y/y, a 3-1/2-year low

19/09 Malaysia's consumer price index in August rose 0.2 percent from a year earlier, the slowest growth in three-and-a-half years, after the removal of a 6 percent consumption tax, government data showed on Wednesday.. . .  Full story

Nikkei nears 8-month highs; insurers rally after U.S. yields rise

19/09 Japan's Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after U.S. yields jumped.. . .  Full story

Global dairy prices fall for third time in a row, despite signs of robust demand

19/09 Global dairy prices fell at the third fortnightly auction in a row early Wednesday as New Zealand's supply of key products ramped up. The GDT Price Index dipped 1.3. . .  Full story

New Zealand's Synlait Milk posts 89 pct jump in full year profit

18/09 New Zealand's Synlait Milk on Wednesday posted an 89 percent jump in full-year net profit and cut its forecast milk price for the current 2018-2019 season to NZ$6.75 per kilogram of milk solids (kgMS)from. . .  Full story

Oil gains 1 pct on signs OPEC not prepared to boost output

18/09 Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target. . .  Full story

Egypt sees surge in share offerings, testing market

18/09 A surge of new share offerings over the next few months will test whether Egypt can withstand emerging market contagion after currency crises that rattled Turkey and Argentina last month.. . .  Full story

India plans wide-ranging tightening of financial market rules

18/09 India plans to tighten rules to curb mis-selling of securities, market manipulation and insider trading, its financial market regulator said on Tuesday after considering recommendations by a panel.. . .  Full story

Saudi stocks lifted by oil rise, SABIC-Clariant partnership

18/09 Saudi Arabia's stock market closed higher on Tuesday, buoyed by rising oil prices and more details on Saudi Basic Industries Corp's (SABIC) partnership with Switzerland's Clariant.. . .  Full story

Japanese automaker Nissan considers setting up assembly plant in Ghana: VP

18/09 Japanese automaker Nissan is considering setting up an assembly plant in Ghana as part of plans to expand in Africa, the West African nation's vice president said on Tuesday.. . .  Full story

Sri Lanka may cut 2018 tea production target after weak August

18/09 Sri Lanka may have to downgrade its full-year forecast for tea production after output tumbled 14 percent in August from a year earlier due to a prolonged drought, the state-run Tea Board said. . .  Full story

Abu Dhabi Islamic aims to boost lending after capital increase

18/09 Abu Dhabi Islamic Bank expects to increase lending in 2018 after boosting its capital, its acting chief executive said, as the sharia-compliant bank's rate of profit growth slows as it battles against a sluggish economy.. . .  Full story

Maldives’ Chinese debt and political risk could lead to trouble in paradise

18/09 A victory for President Abdulla Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in. . .  Full story

Russia: current oil price sanctions-driven, seen at $50/bbl long-term

18/09 Russian Energy Minister Alexander Novak said on Tuesday that current high oil prices of between $70 and $80 per barrel were temporary and were mainly driven by sanctions, adding that the long-term price. . .  Full story

Pakistan PM leaves for Saudi Arabia amid bailout speculation

18/09 Pakistani Prime Minister Imran Khan left for Saudi Arabia on Tuesday, the foreign office said, amid speculation he may be seeking economic assistance from a staunch ally instead of another IMF bailout.. . .  Full story

China steel companies create JV to foster industry consolidation

18/09 China's three major steel groups and a state-backed asset management company have create an asset management joint venture to offer financial support for consolidation in the steel sector.. . .  Full story

Pakistan's new govt hikes taxes, cuts spending for economy in 'intensive care'

18/09 Pakistan's new government announced cuts in planned development spending and a tax increase for higher earners on Tuesday, unveiling a mini-budget aimed at shoring up an economy in danger of needing another International Monetary Fund. . .  Full story

Beijing Capital Land scraps A-share listing plan amid no rule relief in sight

18/09 Chinese state-owned developer Beijing Capital Land has scrapped its A-share offering plan, after waiting over two years for approval in an IPO market that sees restricted liquidity into the property sector.. . .  Full story

Kazakh president's aide Smailov appointed finance minister

18/09 Kazakh President Nursultan Nazarbayev on Tuesday appointed his aide Alikhan Smailov as finance minister, continuing a broader government reshuffle.. . .  Full story

SE Asia Stocks-Subdued; Philippines marks 2-month closing low

18/09 Southeast Asian stock markets were largely subdued on Tuesday with investors staying cautious amid a new round of U.S. tariffs on Chinese goods, while the Philippines slumped to a two-month closing low.. . .  Full story

Indonesian health insurer seeks $1 bln government capital injection

18/09 Indonesia's state health insurance provider has requested a 16.5 trillion rupiah ($1.11 billion) government bailout, after a ballooning budget deficit left hospitals and pharmaceutical firms complaining of unpaid bills.. . .  Full story

After disaster, Philippines to review all small-scale mining proposals

18/09 The Philippines has ordered a review of more than 100 proposals for small-scale mining sites across the country following a landslide that killed 62 people including illegal gold miners, its environment minister said on Tuesday.. . .  Full story

Clariant, SABIC tighten links under new partnership

18/09 Switzerland's Clariant and new anchor shareholder Saudi Basic Industries Corp (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.. . .  Full story

China's diesel demand has peaked, gasoline to peak 2025 -CNPC research

18/09 China's diesel demand has peaked and gasoline will peak in 2025, while natural gas demand will increase over the next two decades to feed a massive gasification campaign, according to a forecast released on Tuesday. . .  Full story

OPEC's Barkindo says he hopes to agree long-term OPEC+ cooperation by Dec

18/09 OPEC Secretary-General Mohammad Barkindo said on Tuesday that OPEC and non-OPEC oil producers aim to agree a framework for long-term cooperation by December, when they meet in Vienna.. . .  Full story

Japan average land prices rise for 1st time in 27 yrs -govt survey

18/09 Japan's average land prices rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, a government survey. . .  Full story

Bank of Korea board members wary of weak job growth, uncertainties - minutes

18/09 South Korea's economy may not be strong enough for an immediate interest rate increase due to weak job growth and other uncertainties, minutes from the Bank of Korea's August meeting released on Tuesday showed. . .  Full story

Nikkei has best gain in 5 weeks, insurers rise and US tariffs shrugged off

18/09 Japan's Nikkei rallied on Tuesday to its highest close since Feb. 1, led by insurers thanks to rising U.S. Treasury yields, though electronic suppliers underperformed as traders weighted the impact of new U.S. tariffs on. . .  Full story

JGBs slip on fall in U.S. Treasuries, trade worries mitigate blows

18/09 Japanese government bond prices slipped on Tuesday after U.S. Treasuries extended their falls following a run of strong U.S. economic data in recent weeks, though concerns about the Sino-U.S. trade war underpinned the market.. . .  Full story

Investors hungry for Chinese hotpot as Haidilao raises nearly $1 bln in IPO

18/09 Chinese hotpot chain Haidilao raised nearly $1 billion in its Hong Kong initial public offering (IPO) by pricing its shares at the top of an indicated range, three people close to the deal said. . .  Full story

Tokyo Steel to keep product prices unchanged for 8th straight month

18/09 Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, on Tuesday said it would hold steel product prices steady in October to make sure hikes implemented early this year were absorbed by the. . .  Full story

Nikkei gains, insurers up; LDP election hopes temper Trump's tariff move

18/09 Japan's Nikkei rallied on Tuesday led by gains for insurers thanks to rising U.S. Treasury yields, though electronic suppliers underperformed as traders considered the implications of fresh U.S. tariffs on Chinese goods.. . .  Full story

Macquarie to buy Australian farms of Qatar's Hassad Food

18/09 Australia's Macquarie Group Ltd said it has agreed to buy most of the Australian farm portfolio of Qatar's Hassad Food <IPO-HASS.QA>, the agricultural arm of the country's sovereign wealth fund.. . .  Full story

Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions

17/09 Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran. . .  Full story

Visa law fails to lift Dubai but Saudi rebounds from low

17/09 Middle East stock markets mostly fell on Monday because of U.S.-China trade tensions, with Dubai sliding despite a new visa policy designed to support slumping real estate prices. Saudi Arabia's market, however, rebounded after a. . .  Full story

Pakistan raises gas prices to trim subsidies amid budget woes

17/09 Pakistan on Monday increased natural gas prices by up to 20 percent, Petroleum Minister Chaudhry Mohammad Sarwar said, in effect slashing consumer subsidies that were a fiscal drag on the government's budget.. . .  Full story

Qatar's Hassad Food to merge Australia farm portfolio with Macquarie's - QNA

17/09 Qatar's Hassad Food <IPO-HASS.QA>, the agricultural arm of the country's sovereign wealth fund, is merging its Australian farm portfolio with that of Macquarie Group.. . .  Full story

Sri Lanka shares slip to near 3-week closing low in dull trade

17/09 Sri Lankan shares fell slightly to a near three-week closing low on Monday as investors sold manufacturing and banking stocks in dull trade, and the rupee hit a fresh low in its record-setting spree.. . .  Full story

Risk modelling firm RMS estimates Typhoon Jebi insured loss between $3 bln to $5.5 bln

17/09 Risk modelling firm RMS estimated that the insured loss to Japan from Typhoon Jebi will be between $3 billion and $5.5 billion.. . .  Full story

China reports new African swine fever outbreak in Inner Mongolia

17/09 A new outbreak of African swine fever occurred on a farm in northern China's Inner Mongolia, the agriculture ministry said on Monday, the second in the region, as the highly contagious disease continues to. . .  Full story

Egypt to offer extra shares in five state companies this year

17/09 Egypt will offer additional shares in five state companies over the next three months at prices within 10 percent of stock market levels, public enterprise minister Hesham Tawfik said on Monday.. . .  Full story

Listing to value Spanish oil firm Cepsa around 10 bln euros - sources

17/09 Spain's Cepsa will sell a stake of about 25 percent in an initial public offering that sources close to the matter expect to value the company at around 10 billion euros ($11.6 billion), making. . .  Full story

SE Asia Stocks-Indonesia sinks on disappointing trade data, U.S. tariff threat

17/09 Indonesian shares plunged on Monday as a wider-than-expected August trade deficit and the imminent new round of U.S. tariffs on Chinese goods hurt investor sentiment in the region. Indonesia's trade deficit. . .  Full story