15h06 Egypt's economy is expected to grow 5.9% in the year ending in June, the International Monetary Fund said on Tuesday -- unchanged from its April forecast but below the government's target of 6% to 7%.
16h27 Abu Dhabi National Oil Company
(ADNOC) wants to partner with Italy's Eni and Austria's
OMV to expand its refining capacity to 1.5 million
barrels per day, a company executive said on Tuesday.. . .
14h24 Malaysia is considering
raising imports of raw sugar and buffalo meat from India,
potentially easing trade tensions after reports New Delhi could
restrict Malaysian palm oil imports following the country's
criticism of India's actions in. . .
14h00 On the surface
China's imports of major commodities appeared to continue their
resilience in September, even as the country's total exports and
imports laboured under the strain of the trade dispute with the
United States.. . .
13h25 Indonesia's capital Jakarta is
still sinking by 12 centimetres (4.7 inches) per year in
northern parts of the city, despite an improvement in
groundwater levels blamed for causing land subsidence, an
official said on Wednesday.. . .
13h09 State-owned Pakistan LNG has
cancelled a tender to buy liquefied natural gas over a 10-year
period and may turn to the spot market instead, two sources
familiar with the matter told Reuters on Tuesday.. . .
12h33 Most Southeast Asian stock markets ended
lower on Tuesday, with Philippines falling the most, as optimism
over a Sino-U.S. trade deal faded after Chinese demanded further
talks, while investors also sought more details on. . .
12h24 China's record pork prices are
set to rise faster in coming weeks, said analysts on Tuesday,
even as official data showed that the nation's most popular meat
has already pushed consumer inflation to a. . .
10h38 Spain's Naturgy Energy Group SA and Algeria's Sonatrach have agreed to buy Abu Dhabi state fund Mubadala's 42.09% stake in the Medgaz pipeline, which carries natural gas from Algeria to Spain,. . .
10h22 Hong Kong stocks slipped on Tuesday amid
worries over China's economic health and uncertainties around
Sino-U.S. trade talks, but losses were limited as the city's
central bank cut banks' capital buffer to support the. . .
10h22 The Bank of Japan on Tuesday
raised its assessment for one of the country's nine regions and
stuck to its sanguine view on the rest, though frail factory
production and exports suggested pressure for. . .
09h59 China's pork imports in
September surged 76% from a year earlier while beef imports came
close to a monthly record, as it stocked up on proteins after
disease decimated its huge hog herd, customs. . .
09h16 Retail rents in Hong Kong,
among the most expensive in the world, fell sharply in the third
quarter, property consultancy CBRE said on Tuesday, following
anti-government protests that have pushed shop sales to a. . .
08h32 Japan's Nikkei share average rose
nearly 2% on Tuesday to its highest since late April, in a
delayed response to a potential U.S.-China trade deal outlined
by President Donald Trump last week.. . .
07h54 Indian tax officials are pushing
back against Prime Minister Narendra Modi's new faceless tax
assessment program, complaining about a lack of consultation and
inadequate resources to implement the changes, a letter reviewed
by Reuters shows.. . .
07h13 Hong Kong's embattled leader
Carrie Lam will focus on land and housing initiatives in her
annual Policy Address on Wednesday, seeking to restore
confidence in the city's future amid four months of sometimes
violent anti-government. . .
07h07 The Hong Kong Monetary
Authority (HKMA) has cut the amount of cash that banks must keep
as reserves, releasing an extra HK$200-300 billion ($25.50-38.24
billion) into the broader economy which has been hit by
months-long. . .
06h58 PT Indosat, the
Indonesian unit of Qatar's Ooredoo Group, said on Tuesday it has
signed a 6.4 trillion rupiah ($452.30 million) deal to sell
3,100 telecommunication towers, which will be leased back.. . .
06h56 Japanese government bond prices
sagged on Tuesday, in line with retreating global bond prices,
after the United States and China appeared to have struck a
tentative deal last week to avoid immediate tariff rate. . .
06h39 China stocks retreated on
Tuesday after five straight sessions of gains, as the latest
factory gate data added to China's economic woes and a deal to
end the trade war with the United States. . .
05h14 China's factory gate prices
declined at their fastest pace in more than three years in
September, reinforcing the case for Beijing to unveil further
stimulus as manufacturing cools on weak demand and U.S. trade
pressures.. . .
04h37 Hong Kong's embattled leader
Carrie Lam said on Tuesday that her annual policy address this
week would focus on land and housing measures as months of
anti-government protests showed no sign of abating in. . .
03h54 Following is a breakdown of China's
consumer price index for September,
published by the National Bureau of Statistics on Tuesday.
(Percent change from a year earlier; base effect and new price
rise are in pct. . .
02h18 Japan's government will consider
drafting a supplementary budget if the 500 billion yen ($4.6
billion) it has in reserve for disaster relief is not enough,
Finance Minister Taro Aso said on Tuesday, after Typhoon. . .
14/10 Saudi Arabia granted on Monday
four investment licenses to Russian companies specializing in
construction and real estate development, information
technology, financial consulting, and architecture, the Saudi
minister of commerce and investment said on Twitter.. . .
14/10 Russian sovereign wealth fund
RDIF and Saudi Arabia's SALIC have signed an agreement to team
up in searching for investment projects in the Russian
agricultural sector, RDIF said in a statement on Monday.. . .
14/10 Alamos Gold has halted
construction work at its Kirazli project in western Turkey, the
Canadian gold miner said on Monday, after its mining concessions
expired on Sunday amid protests against the project.. . .
14/10 India's retail inflation rose
close to the central bank's medium-term target of 4% in
September for the first time in 14 months, but analysts still
predict a sharp economic slowdown will prompt a sixth
consecutive. . .
14/10 Copper prices fell on Monday as
trade data from top consumer China reinforced concerns about
demand for industrial metals while signs of progress on
U.S.-China trade talks elicited a cautious response.. . .
14/10 Downward pressure on China's
economy is increasing and the government will make good use of
counter-cyclical adjustments to keep economic operations within
reasonable range, state television quoted premier Li Keqiang as
saying.. . .
14/10 Southeast Asian stocks finished in the
black on Monday, riding the optimism surrounding the Sino-U.S.
trade talks, while weak data from China, the region's largest
trading partner, capped further gains.
China's. . .
14/10 China's pig herd in September
was 41.1% smaller than it was a year earlier, the agriculture
ministry said on Monday, as a year-long African swine fever
epidemic continued to slash the world's largest herd.. . .
14/10 Auto sales in China
fell for a 15th consecutive month in September, data from its
biggest auto industry association showed, dampening hopes for a
second-half turnaround in the world's largest auto market.. . .
14/10 Indonesia has completed the last
leg of a 13,000-km (8,080 mile) fibre-optic network that will
bring high-speed internet to some of its poorest regions in the
country's east, including the restive region of Papua,. . .
14/10 Russian oil producer Lukoil
has reached an agreement with its customers about
compensation for a major contamination of Russian oil in the
Druzhba pipeline earlier this year, CEO Vagit Alekperov said on
Monday.. . .
14/10 Bankers are readying Asian
clients to issue more bonds linked to the new interest rate
benchmarks replacing Libor after Bank of China sold the first
such private sector deal in the region last week.. . .
14/10 China and Hong Kong stocks rose
on Monday as investors cheered signs of progress in the
Sino-U.S. trade talks, although worries about prospects of a
durable deal between the two economic power houses and. . .
14/10 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.. . .
14/10 China's soybean imports in
September fell 13.5% from the previous month, customs data
showed on Monday, as an epidemic of African swine fever that has
slashed China's pig herd reduced demand for soymeal.. . .
14/10 China's coal imports in
September dropped 8.1% from a month earlier, as traders held up
purchases amid an increase in domestic supply and slowing demand
for the fuel from power generation companies.. . .
14/10 South Korea's Woongjin Group said
on Thursday that it would sell a 25.08 percent stake in water
purifier rental firm Woongjin Coway, just three
months after the group regained control of the unit for. . .
14/10 Singapore's economy grew less
than expected in the third quarter from the previous three
months on an annualised basis, but avoided slipping into a
technical recession, preliminary data showed on Monday.. . .
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 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 The United Arab Emirates said on
Thursday it is expanding the scope of excise tax to include
e-cigarettes and related liquids and beverages with added sugar.. . .
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