Asia Business

JGBs firmer as 20-year auction draws ample demand

07h43 Japanese government bond prices were mostly firmer on Wednesday, paring earlier modest losses after a well-received 20-year debt auction improved market sentiment.. . .  Full story

Thai economy faces heightened political uncertainties - c.bank minutes

06h54 Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that. . .  Full story

China stocks flat on report US could ban another tech firm; Hong Kong up

06h41 China's major stock indexes were roughly flat on Wednesday morning, as caution prevailed after a report that the United States could blacklist another Chinese tech firm.. . .  Full story

SE Asia Stocks-Most rise after U.S. eases curbs on Huawei

06h22 Most Southeast Asian stock markets rose on Wednesday, tracking Wall Street peers, as the United States temporarily eased restrictions on China's Huawei Technologies Co Ltd ,. . .  Full story

China approves 20.76 GW of subsidy-free solar, wind power projects

05h31 China approved its first batch of subsidy-free wind and solar projects with a combined capacity of 20.76 gigawatts (GW), the country's top planning agency said on Wednesday.. . .  Full story

Nikkei rises as tech shares gain; soft yen helps mood

05h03 Japan's Nikkei edged up on Wednesday morning as technology shares rose tracking their U.S. counterparts, while the country's better-than-expected machinery orders aided sentiment.. . .  Full story

Hong Kong raises $1 bln in oversubscribed first green bond

04h36 Hong Kong raised $1 billion from the sale of its first green bond on Wednesday, as the former British colony looks to establish itself as a centre for green finance.. . .  Full story

Trump's Huawei ban raises hopes for Chinese chip suppliers

03h22 Washington's blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing's stepped-up efforts to build a homegrown supply chain.. . .  Full story

Japan March core machinery orders rise 3.8% month/month

01h54 Japan's core machinery orders rose 3.8% in March from the previous month, government data showed on Wednesday. The result beat the median estimate of a 0.7% decline in a Reuters poll. . .  Full story

Japan manufacturers' mood up, tax hike still in doubt - Reuters Tankan

01h00 Japanese manufacturers' morale improved in May for the first time in seven months, a Reuters poll showed, as recession worries eased, although companies were concerned about the impact of a planned tax hike on. . .  Full story

Hogs, cattle drop as U.S. rains seen denting cookout demand

21/05 U.S. live cattle and lean hog futures on the Chicago Mercantile Exchange (CME) closed mostly lower on Tuesday as both markets were pressured by worries that wet weather around large parts of the country. . .  Full story

Rare earth firms' stocks soar on U.S.-China trade war speculation

21/05 Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could. . .  Full story

Lebanon cabinet set to complete 2019 draft budget

21/05 Heavily-indebted Lebanon is close to finalising its draft 2019 budget aimed at cutting the deficit to 7.6% of gross domestic product despite social protests over feared benefits losses.. . .  Full story

PNB likely to take control of 2-3 small state-run banks -sources

21/05 India's Punjab National Bank is looking to merge with two or three government owned banks that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters,. . .  Full story

Egypt to raise power prices by 14.9% for FY 2019-2020 -minister

21/05 Egypt will raise electricity prices by an average of 14.9% in the 2019-2020 fiscal year beginning in July, Electricity Minister Mohamed Shaker said on Tuesday.. . .  Full story

UAE gives 6,800 investors permanent residency under new Golden Card system

21/05 The United Arab Emirates said on Tuesday it will grant 6,800 foreign investors permanent residency under a new "Golden Card" system after they invested a combined 100 billion dirhams ($27 billion) in the Gulf. . .  Full story

Hong Kong looks to raise up to $1 billion in green bonds

21/05 Hong Kong is looking to raise between $500 million and $1 billion in five-year green bonds as the former British colony looks to establish itself as a centre for green finance.. . .  Full story

China c.bank details phased cuts in planned RRR reduction for rural banks

21/05 China's central bank on Tuesday issued details of the three phases in which it plans to cut the reserve requirement ratio (RRR) for county-level rural commercial banks, a step it had announced on May. . .  Full story

SE Asia Stocks-Indonesia climbs on Widodo election win; Singapore falls on growth forecast cut

21/05 Indonesian equities ended higher on Tuesday as investors cheered incumbent President Joko Widodo's election win, while Singapore stocks hit a 2-month closing low on grim growth outlook. The Jakarta index. . .  Full story

Hong Kong shares end lower as trade uncertainty rattles sentiment

21/05 Hong Kong's Hang Seng index on Tuesday ended at its lowest close in nearly 16 weeks as investors worried about the risk of escalating trade tensions between Washington and Beijing despite a temporary easing. . .  Full story

Banks boost Saudi, all major Gulf markets gain

21/05 Saudi Arabia's stock market rose on Tuesday, boosted by its banking shares, while all major Gulf markets rebounded from recent sell-offs, in line with Asian shares.. . .  Full story

Singapore and Malaysia suspend intercity rail project

21/05 Singapore and Malaysia have agreed to suspend the construction of a billion-dollar train project linking the wealthy city-state with its neighbour's southern state of Johor, their transport ministers said on Tuesday.. . .  Full story

China stocks gain after U.S. temporarily eases Huawei restrictions

21/05 Chinese shares finished higher on Tuesday as investors took heart from the temporary easing of U.S. trade restrictions on Chinese telecoms firm Huawei.. . .  Full story

Nikkei dips as Huawei fallout hits suppliers; Softbank soars

21/05 Japan's Nikkei slipped on Tuesday as Washington's blacklisting of Huawei took a heavy toll on suppliers to the Chinese telecoms equipment maker, but the downside was limited after the United States temporarily eased trade restrictions.. . .  Full story

China's Kangmei Pharma sinks by daily limit as watchdog accuses it of fraud

21/05 Shares in Chinese drugmaker Kangmei Pharmaceutical Co, a constituent of MSCI's global indexes, fell by their daily limit of 5% on Tuesday after China's securities regulator accused it of faking reports and a risk alert. . .  Full story

Moody's sees room for Bank of Korea to ease monetary policy

21/05 Loose global liquidity conditions and weak inflationary pressure in South Korea should allow the Bank of Korea room to consider easing monetary policy, credit ratings agency Moody's Investors Service said on Tuesday.. . .  Full story

Indian shares hit record highs, exit polls keep cheering markets

21/05 Indian shares rose to all-time highs on Tuesday, extending a four-day rally after exit polls on Sunday showed Prime Minister Narendra Modi was set to retain power with an even bigger mandate than in. . .  Full story

China shares climb as U.S. eases Huawei restrictions

21/05 China stocks rose on Tuesday as the easing of U.S. trade restrictions on Chinese telecoms firm Huawei brought relief to investors, lifting sentiment battered by a bruising trade war between the world's two largest economies. **. . .  Full story

JGBs flat, BOJ's debt buying offsets weakening by U.S. Treasuries

21/05 Japanese government bond prices were flat on Tuesday, with a regular debt-buying operation by the central bank helping offset negative pressure from a retreat by U.S. Treasuries.. . .  Full story

Nikkei falls as electric component makers hit by Huawei fallout

21/05 Japan's Nikkei slipped on Tuesday as Washington's blacklisting of Huawei Technologies Co Ltd took a heavy toll on suppliers to the Chinese telecoms equipment maker. The Nikkei fell 0.4% to 21,218.62 at the midday break.. . .  Full story

Singapore cuts 2019 GDP forecast as Q1 growth hits decade low

21/05 Singapore's annual economic growth slipped to the lowest in nearly a decade in the first quarter as manufacturing contracted in the wake of a protracted Sino-U.S. trade war, prompting a downgrade to the city-state's full-year. . .  Full story

Japan's Suga: Govt already planning steps to ease pain from sales tax hike

21/05 Japan's government is already planning to take sufficient steps to mitigate the pain a scheduled sales tax hike in October could inflict on the economy, its top spokesman said on Tuesday.. . .  Full story

In inland Chinese province, property bubble haunts dreams of prosperity

21/05 Song Jingyi, a paralegal from a family of modest means in the central Chinese region of Henan, had long dreamed of buying a home of her own in Zhengzhou, the sprawling provincial capital of. . .  Full story

Japan finmin Aso: Q1 GDP not bad, economic fundamentals remain solid

21/05 Japanese Finance Minister Taro Aso said on Tuesday that gross domestic product growth in the first quarter was not bad and that the country's economic fundamentals remained solid.. . .  Full story

Germany spends record 23 bln euros on refugees - document

20/05 Germany spent a record 23 billion euros ($25.65 billion) last year on helping to integrate more than one million refugees and fighting the root causes of migration abroad, a government document seen by Reuters. . .  Full story

If Modi wins India election, who will be finance minister?

20/05 India's Finance Minister Arun Jaitley looks set to retain his post if Prime Minister Narendra Modi wins a second term as expected when results come on Thursday.. . .  Full story

Pakistani central bank lifts interest rate as inflation bites

20/05 Pakistan's central bank raised its key interest rate to 12.25% on Monday, warning that already soaring inflation risked further rises on the back of higher oil prices and reforms required for a bailout from. . .  Full story

Indian shares clock record closing levels on likely Modi win

20/05 Indian shares surged to record closing levels on Monday, with gains spread across most sectors after exit polls indicated Prime Minister Narendra Modi would retain power with an even bigger mandate than in 2014.. . .  Full story

China will launch pilot bond index mutual funds - c.bank

20/05 China will launch pilot bond index mutual funds which can be traded on stock exchanges or the interbank market, the central bank said on Monday.. . .  Full story

SE Asia Stocks-Indonesia snaps 5 days of falls, Philippines extends gains

20/05 Indonesian shares rose on Monday as investors bought beaten-down stocks after five sessions of falls, while Philippine shares closed higher for a second straight day. Broader Asia managed to reverse some. . .  Full story

HK stocks drop as worries deepen over Huawei sanctions, trade war

20/05 The Hong Kong stock market closed weaker on Monday as Beijing and Washington officials firmed up their rhetoric on trade, while technology companies posted steep losses. ** The Hang Seng index was down 0.6% at. . .  Full story

Nikkei edges up, 1Q GDP data beat f'cast but underlying picture still weak

20/05 Japan's Nikkei share average edged higher on Monday as growth in the nation's economy unexpectedly accelerated in the first quarter, although market gains were limited as the data also pointed towards lacklustre domestic demand.. . .  Full story

China stocks slide further on trade tensions, Huawei troubles

20/05 Shares in Mainland China and Hong Kong tumbled on Monday as trade tensions between Beijing and Washington protracted, with U.S. pressure on Chinese technology company Huawei intensifying. ** At the midday break, the Shanghai Composite. . .  Full story

Tokyo Steel keeps product prices unchanged in June for 6th straight month

20/05 Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, said on Monday it will hold all steel product prices steady in June, for the sixth month in a row, citing a weaker. . .  Full story

JGBs dip as equity gains dim demand for safe-haven debt

20/05 Japanese government bond (JGB) prices eased slightly on Monday as gains in Tokyo equities dimmed the safe-haven appeal of debt.. . .  Full story

Japanese shares edge up on stronger-than-expected GDP data

20/05 Japan's Nikkei share average edged higher on Monday as domestic economic growth in the first quarter proved firmer than expected, although market gains were limited as the data also pointed towards lacklustre domestic demand.. . .  Full story

Weak spending overshadows Japan's surprise Q1 economic expansion

20/05 Japan's economic growth unexpectedly accelerated in January- March, driven by net contributions from exports and defying forecasts for a contraction in the world's third-largest economy.. . .  Full story

Japan's Motegi: No change to government plan to raise sales tax in Oct

20/05 Japan's Economy Minister Toshimitsu Motegi said on Monday there was no change to the government's plan to raise the sales tax to 10 percent from 8 percent in October, after the release of first-quarter. . .  Full story

ANALYSIS-Chinese firms' missing $6 bln tests regulators' resolve

20/05 Cash is considered among the hardest assets for a company to fake, which is why the disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action.. . .  Full story

China's scrap metal imports to slump as new rules leave firms confused

20/05 China's scrap metal importers expect disruptions in shipments to start this month because of uncertainty surrounding new scrap restrictions starting in July, depriving the world's biggest copper consumer of a crucial source of the metal.. . .  Full story

Dubai's JAFZA in $354 million boost to economy

19/05 Dubai's government-owned Jebel Ali Free Zone (JAFZA) will return cash and bank guarantees to clients through a new initiative meant to inject 1.3 billion dirhams ($354 million) into the emirate's economy, the government's media office. . .  Full story

China investigates former head of securities regulator

19/05 The former head of China's top securities regulator has been put under investigation by the country's anti-corruption watchdog on suspicion of violating laws, the Central Commission for Discipline Inspection said on Sunday.. . .  Full story

Bahrain's Bapco completes multibillion-dollar financing

19/05 State-run Bahrain Petroleum Co (Bapco) has completed a multibillion-dollar financing aimed at expanding its refining capacity to 380,000 barrels per day (bpd) from 267,000 bpd.. . .  Full story

Libya's oil and gas revenues reach $1.87 billion in April -NOC statement

19/05 Libya’s oil and gas revenues reached $1.87 billion in April, up 22% from the previous month as oil prices rose, the country's National Oil Corporation (NOC) said in statement on Sunday.. . .  Full story

Saudi energy minister says he recommends driving oil inventories down

19/05 Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that he recommended driving oil inventories down and that supplies of crude were plentiful around the world.. . .  Full story

Russia's Novak: many options for oil deal, including production rise

19/05 Russian Energy Minister Alexander Novak said on Sunday that different options were available for the OPEC and non-OPEC oil output deal, including a rise in production in the second half of the year.. . .  Full story

Saudi Arabia to tax e-cigarettes and more soft drinks

19/05 Saudi Arabia has imposed a special tax on electronic cigarettes and sugary drinks, extending similar taxes introduced in 2017 as it seeks to reduce a budget deficit caused by low oil prices.. . .  Full story

Israel stress test shows banks' stability not in danger

19/05 The stability of Israel's banking system is not in danger in the event of a local macroeconomic shock such as a housing crisis, but banks nonetheless would be significantly affected, the Bank of. . .  Full story

Four more Chinese cities warned over pace of home price growth

19/05 China's housing regulator has urged four more cities to prevent their residential property markets from overheating in the latest sign that authorities are not about to relax their grip on the real estate business. . .  Full story

Three killed in suspected Islamic State attack outside Libyan oilfield

18/05 Two guards and a soldier were killed and four other people were kidnapped early on Saturday in a suspected Islamic State attack targeting Libya's Zella oilfield, a security source said.. . .  Full story

IndiGo's co-founder not intent on taking control of company - CEO

18/05 One of the co-founders of India's largest airline IndiGo has no plans of taking control of the carrier, its Chief Executive said on Saturday, two days after parent InterGlobe Aviation Ltd shares fell over a. . .  Full story

China appoints state asset chief as new market regulator

18/05 Xiao Yaqing, director of China's state-owned asset regulator, has been appointed head of the country's market regulation administration, state television reported on Saturday.. . .  Full story

Tackle corruption, liberalise prices, IMF urges Uzbekistan

17/05 Uzbekistan must combat corruption, liberalise prices and trim its fiscal deficit as it continues economic reforms which ended decades of self-imposed isolation, International Monetary Fund chief Christine Lagarde told Reuters on a visit to Tashkent.. . .  Full story

-IMF:too early to assess Sri Lanka economic damage from Easter bombings

17/05 The International Monetary Fund said on Thursday it was holding its forecast for Sri Lanka's 2019 economic growth at 3.5% in spite of devastating Easter bombings, saying it was too early to assess financial. . .  Full story

Sri Lanka budget, current account deficits could widen after bombings - IMF reps for Sri Lanka

17/05 Sri Lanka's budget and current account deficits could widen because of the Easter Sunday bombings but the island's economy will recover in the medium-term and then have about 5% annual growth, the executive director for. . .  Full story

UAE, keen to maintain safe-haven image, tempers tanker attack response

17/05 The United Arab Emirates, though a prominent foe of Iran in the Middle East's power struggles, has tempered its reaction to attacks on oil tankers off its coast in an effort to protect its. . .  Full story

China central bank to cut funding costs amid U.S. trade row

17/05 China's central bank said on Friday it will help reduce borrowing costs for companies, especially small firms, as part of a wider effort to support the world's second-largest economy amid a trade war with. . .  Full story

Asia Gold-India flips to discount as prices gain; demand dips in top hubs

17/05 Gold was sold at a discount this week in India for the first time in 2-1/2 months as higher prices deterred jewellers and retail buyers, while currency fluctuations and economic worries triggered caution amongst buyers. . .  Full story

Ping An's OneConnect picks banks for up to $1 bln Hong Kong IPO - sources

17/05 Ping An Insurance's OneConnect financial technology unit has selected Goldman Sachs, JPMorgan and Morgan Stanley to work on its Hong Kong initial public offering (IPO) of up to $1 billion, people with direct knowledge of. . .  Full story

SE Asia Stocks-Philippines jumps as cenbank pledges to ease liquidity norms

17/05 Philippine shares jumped about 1.5% on Friday, the most in about two-and-a-half months, as the central bank pledged to ease liquidity norms to boost growth, while Indonesian stocks fell to their lowest in more. . .  Full story

Singapore Q1 GDP growth y/y likely slowest in nearly a decade

17/05 Singapore's annual growth rate in January-March likely was the lowest for any quarter in nearly a decade as manufacturing and exports were hit hard by the U.S.-China trade war, a Reuters poll showed on. . .  Full story

International labour organisation criticises 2020 Olympics working conditions

17/05 Construction workers are living in a 'culture of fear' and work for long hours in perilous conditions building Tokyo 2020 Olympic venues, according to a report from a leading international labour organisation.. . .  Full story

China raises fuel export quotas 30% in latest 2019 allocation

17/05 China has issued a second batch of refined fuel export quotas for 2019 that is 30 percent higher than the first batch, two trading sources briefed on the matter said on Friday.. . .  Full story

Hong Kong stocks close at 3-month low as trade woes weigh

17/05 Hong Kong stocks on Friday touched their lowest close in more than three months as Sino-U.S. tensions heightened after Washington hit Chinese telecoms giant Huawei with sanctions, further straining trade ties.. . .  Full story

China stocks post 4th straight weekly fall as trade tensions reignite

17/05 China's stock market closed lower on Friday, clocking the fourth consecutive weekly loss, largely due to re-escalating trade tensions as Washington blacklisted Chinese tech company Huawei.. . .  Full story

Chinese firms' missing $6 bln tests regulators' resolve

17/05 Cash is considered among the hardest assets for a company to fake, which is why the disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action.. . .  Full story

Nikkei rises as techs lead gains; Sony jumps on buyback, Microsoft tie-up

17/05 Japan's Nikkei share average jumped on Friday, led by Sony and technology shares, but ended the week with a slight loss amid concerns about rising U.S.-China trade tensions.. . .  Full story

China's pork consumption falls as African swine fever spreads

17/05 A decline in Chinese pork consumption is keeping a lid on prices, an executive at China's top pig producer Wens Foodstuff Group said on Friday, even as pork output slumps in the country, the. . .  Full story

China stocks drop as weak yuan, trade woes batter sentiment

17/05 Chinese stocks were trading on shaky footing on Friday, poised for their fourth straight weekly decline, as the yuan dropped amid heightened worries over the Sino-U.S. trade dispute and its impact on the country's. . .  Full story

Kuroda says BOJ may keep low rates well over year, dismisses debt monetisation

17/05 The Bank of Japan may maintain ultra-low rates for a further period of well over a year, governor Haruhiko Kuroda said on Friday, but warned against the idea of propping up the economy through. . .  Full story

JGBs sag on rebounding Tokyo stocks, weaker U.S. Treasuries

17/05 Japanese government bond prices fell on Friday as Tokyo stocks rebounded, hurting demand for debt, while overnight weakness in U.S. Treasuries also weighed on sentiments.. . .  Full story

China plans to cut jet fuel prices to aid airlines, consumers

17/05 China is planning to lower wholesale aviation fuel prices as early as July, part of Beijing's pledge to reduce business costs in a slowing economy, said an oil industry executive and a spokeswoman with. . .  Full story

Nikkei rises on tech gains; Sony jumps on buyback, Microsoft tie-up

17/05 Japan's Nikkei share average jumped on Friday and looked set to end the week with a slight gain, led by rallies in Sony and technology shares, though concerns about U.S.-China tensions kept many investors cautious.. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 840 bln yuan YTD

17/05 The People's Bank of China (PBOC) has drained 840 billion yuan ($121.86 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

China's slowing economy: the view from the Henan heartland

17/05 Considered the cradle of Chinese civilization, the central province of Henan and its 100 million-strong population typifies China's transformative yet often tumultuous economic ascent.. . .  Full story

In China's heartland, once-flush shoppers turn cautious

17/05 Dressed in a smart black pantsuit behind the wheel of her pearl-white Audi, Zhao Na has come a long way from her roots in rural Henan province, in central China.. . .  Full story

China vice premier calls for action to boost pork production - Xinhua

17/05 Chinese Vice Premier Hu Chunhua called on farmers to raise hog production to boost dwindling pork supplies following an African swine fever epidemic, according to remarks on the official Xinhua news agency late on Thursday.. . .  Full story

Feeder cattle dip to contract lows on rising feed cost, sluggish beef demand

16/05 U.S. feeder cattle futures on the Chicago Mercantile Exchange (CME) dipped to new contract lows on Thursday as a rally in Chicago Board of Trade corn futures this week continued to signal rising feed. . .  Full story

India's shadow banks must appoint risk officers -RBI

16/05 Indian shadow banks with more than 50 billion rupees ($714 million) in assets must appoint a chief risk officer, the central bank said on Thursday, as it tightens regulations after a series of defaults. . .  Full story

IMF:too early to assess Sri Lanka economic damage from Easter bombings

16/05 The International Monetary Fund said on Thursday it was holding its forecast for Sri Lanka's 2019 economic growth at 3.5% in spite of devastating Easter bombings, saying it was too early to assess financial. . .  Full story

Canada's Trudeau says politics will be kept out of Huawei decision

16/05 Canadian Prime Minister Justin Trudeau on Thursday said his government would make an eventual decision on Huawei's involvement in building a 5G network based on intelligence advice and facts rather than on politics.. . .  Full story

Russia's Gazprom non-CIS exports down 7.3% y/y in Jan-May 15

16/05 Russian gas producer Gazprom said on Thursday it exported 72.3 billion cubic metres of natural gas to countries outside of the former Soviet Union from Jan. 1 to May 15, 7.3% less than in. . .  Full story

Nestle makeover advances with $10 bln sale of skin health unit

16/05 Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to. . .  Full story

IMF says Sri Lanka budget, current account deficits could widen after bombings

16/05 Sri Lanka's budget and current account deficits could widen because of the Easter Sunday bombings but the island's economy will recover in the medium-term and then have about 5% annual growth, the International Monetary Fund. . .  Full story

Singapore Airlines posts record revenue on passenger growth, profit falls

16/05 Singapore Airlines Ltd on Thursday reported its highest ever annual revenue on a jump in passengers, though higher fuel costs nearly halved its profit.. . .  Full story

Indonesia tells airlines to trim fares without compromising safety

16/05 Indonesia's transport ministry has trimmed the maximum fares airlines can charge for domestic routes, effective later this week, as millions of Muslims prepare for homecoming trips at the end of the fasting month of Ramadan.. . .  Full story

Japan weighing downgrade of economic view, raises doubt on higher sales tax

16/05 Japan's government is considering downgrading its assessment of the economy next week as the intensifying Sino-U.S. trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter. . .  Full story

Kenya's KCB Group sees acquisition of NBK sealed by October

16/05 Kenya's biggest lender by assets, KCB Group, expects to complete its acquisition of National Bank of Kenya by October, it said on Thursday.. . .  Full story

SE Asia Stocks-Most end lower as U.S. ban on Huawei rattles markets

16/05 Most Southeast Asian stock markets closed weaker on Thursday after Washington's ban on China's Huawei Technologies stoked worries of a protracted Sino-U.S. trade dispute, with the Indonesian index hitting a six-month closing low.. . .  Full story

Thai Q1 economic growth hurt by weaker exports - finmin

16/05 Thailand's economic growth in the first quarter may not look good due to weaker exports, the finance minister said on Thursday.. . .  Full story