Asia Business

Turkey extends exploration in disputed Mediterranean waters to Oct. 27

21/10 Turkey said on Wednesday it extended the stay of its Oruc Reis survey vessel and two other ships in a disputed area of the eastern Mediterranean until Oct. 27, in a move likely to. . .  Full story

Brazil's BRF to halt Halal chicken plant for modernization work

21/10 Brazilian food processor BRF SA will stop production at a Halal chicken plant in the south of the country starting Nov. 16 for modernization work, the company said on Wednesday.. . .  Full story

Oman raises $2 bln in first bond deal in over a year

21/10 Oman sold $2 billion on Wednesday in its first international bond sale since July 2019 in a two-part debt offer as the small Gulf oil producer seeks to fill state coffers squeezed by low. . .  Full story

Ant Group to launch $35 bln IPO after final nod from China regulator

21/10 China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion. . .  Full story

Indian refiner Nayara's Sept oil imports halve from Aug - trade

21/10 India's Nayara Energy Ltd, part-owned by Russian oil major Rosneft, halved its oil imports in September from the previous month, according to data from the shipping industry and sources, ahead of a major. . .  Full story

Libya's troubled oil sector sees new revival

21/10 Libya's oil sector, shattered by unrest since the toppling of long-time leader Muammar Gaddafi in 2011, is back on the rise.. . .  Full story

IMF cuts Asia's growth forecast, warns of pandemic-driven risks

21/10 The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region.. . .  Full story

IMF endorses Japan PM Suga's reform agenda, urges BOJ to review inflation goal

21/10 The International Monetary Fund gave a thumbs-up on Wednesday to plans by new Japanese Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's "Abenomics" stimulus programmes, while pushing through reforms to revitalise the. . .  Full story

Hit by pandemic, Japan's ANA to suffer $4.8 bln net loss this year - source

21/10 Japanese airline operator ANA Holdings is expected to suffer a net loss of around 500 billion yen ($4.8 billion) for the fiscal year to March after the COVID-19 pandemic battered travel demand, a. . .  Full story

China to balance stable growth and risk prevention - cbank

21/10 China will strike a balance between stabilising economic growth and preventing risks, even as debt was allowed to temporarily rise this year to support the coronavirus-hit economy, the head of the central bank Yi. . .  Full story

Japan to pledge to cut emissions to zero by 2050 -Nikkei

21/10 Japan's government will soon commit to cutting greenhouse gas emissions to zero on a net basis by 2050, in a shift in its position on climate change, the Nikkei reported on Wednesday, without citing. . .  Full story

Asia Distillates-Benchmark gasoil crack edges up on inventory draw

21/10 Asia's benchmark 10ppm diesel crack edged up 2 cents and jet fuel refining margins rose 20 cents to a two-session high of $3 a barrel and 93 cents a barrel, respectively, as stocks. . .  Full story

Thailand eases more rules to attract foreign tourists

21/10 Thailand on Wednesday further eased coronavirus restrictions and plans to shorten a quarantine period to encourage foreign tourists, an official said, after the country welcomed its first vacationers since a ban in April aimed at. . .  Full story

Investors heap pressure on Vietnam's Vung Ang 2 coal power project

21/10 Investors with assets totalling $3.6 trillion are writing to sponsors and financiers to urge them withdraw from Vietnam's Vung Ang 2 coal power station project, which they say is incompatible with Paris agreement goals on. . .  Full story

China debt crackdown: regulators asking property developers for more details than expected

21/10 Chinese regulators are asking property developers to provide more details about their debts than markets had expected, as authorities look to tackle unbridled borrowing in the real estate sector, according to a document seen by. . .  Full story

China's fiscal revenues rise 4.7% in Q3 as economy gains steam

21/10 China's fiscal revenues grew 4.7% in the third quarter from a year earlier, reversing a 7.4% drop in the previous quarter, the finance ministry said on Wednesday, as the country's economic recovery picked up. . .  Full story

U.N. acting Libya envoy 'optimistic' on ceasefire talks

21/10 The United Nations' acting Libya envoy said on Wednesday she was "quite optimistic" that ongoing talks between the warring sides would lead to a lasting ceasefire, after they agreed to reopen land and air. . .  Full story

Shanghai exchange to hold mock trading for international copper futures

21/10 The Shanghai International Energy Exchange (INE) said on Wednesday it would hold two weeks of mock trading in its upcoming copper futures as the much anticipated launch of the contract, which is open to. . .  Full story

Japan's Nitori considers bid for Shimachu in challenge to DCM offer

21/10 Japanese furniture retailer Nitori Holdings Co said on Wednesday it may bid for Shimachu Co, threatening a plan for the home improvement retailer to be bought by its bigger rival DCM Holdings Co in $1.6. . .  Full story

Cathay Pacific to slash workforce, end Cathay Dragon brand due to pandemic

21/10 Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand. . .  Full story

EU opens anti-dumping probe into Chinese steel wind towers

21/10 The European Union has begun an anti-dumping investigation into imports from China of steel towers used for wind turbines, the EU official journal said on Wednesday.. . .  Full story

China vice premier says economy will very likely achieve positive growth this year

21/10 China's Vice Premier Liu He said on Wednesday the economy will very likely achieve positive growth this year, adding that China's prudent monetary policy should be kept appropriate and flexible, and liquidity reasonably ample.. . .  Full story

China shares inch lower as EVs, tech firms drag; optimism around economy caps losses

21/10 China shares ended lower on Wednesday, dragged down by profit-taking in new-energy vehicle and technology stocks due to their high valuations, while confidence in the country's economic recovery from the COVID-19 pandemic restrained the losses.. . .  Full story

Japanese stocks rise on U.S. stimulus optimism

21/10 Japanese shares closed higher on Wednesday as optimism that U.S. lawmakers could reach an agreement on a pre-election stimulus package lifted riskier assets globally.. . .  Full story

JGB drop in line with U.S. Treasuries on stimulus hopes

21/10 Japanese government bonds (JGBs) dipped on Wednesday, tracking an overnight rise in U.S. Treasury yields, as hopes that the United States was nearing a deal on coronavirus relief dampened the safe-haven appeal of debt.. . .  Full story

Thailand welcomes tourists back as Bangkok protests heat up

21/10 Thailand received a group of tourists from China on Tuesday, its first such arrivals since commercial flights were banned in April to combat the coronavirus pandemic, the visitors seemingly undeterred by escalating street demonstrations in. . .  Full story

Hong Kong shares gain on U.S. stimulus hopes; property stocks drag down Shanghai

21/10 China shares slipped on Wednesday, weighed down by property stocks on a gloomy outlook for the sector, while Hong Kong stocks rose for a fourth session as hopes of a new round of U.S.. . .  Full story

China says environment still grim despite 5 years of progress

21/10 China's environment conditions are "grim", falling short of public expectations even after five years of efforts to improve air quality, boost clean energy and curb greenhouse gas emissions, a senior official said on Wednesday.. . .  Full story

Malaysia's September CPI drops 1.4% y/y, more than forecast

21/10 Malaysia's consumer price index (CPI) fell for the seventh straight month in September, declining 1.4% from a year earlier, government data showed on Wednesday.. . .  Full story

BOJ member says swift action needed if COVID-19 delays economic recovery

21/10 Bank of Japan board member Makoto Sakurai said on Wednesday the central bank must take "swift and appropriate" action if the coronavirus shock delays the country's economic recovery.. . .  Full story

China forecasts Lunar New Year pork supplies to be 30% higher than year ago

21/10 Pork supplies during the upcoming Lunar New Year holiday in China, the world's top consumer, will be 30% higher than a year ago, an agriculture official said on Wednesday, after significant efforts to rebuild a. . .  Full story

Japan shares recover on U.S. stimulus hopes

21/10 Japanese shares on Wednesday recovered from losses in the previous session as optimism that U.S. lawmakers could reach an agreement on a pre-election stimulus package lifted riskier assets.. . .  Full story

China's 2020 auto production and sales could return to 2019 levels - govt official

21/10 China's 2020 auto production and sales may possibly be close to last year's levels should they keep growing in the fourth quarter, an official from the country's state planner said on Wednesday.. . .  Full story

S.Korea Oct 1-20 exports drop 5.8% on year

21/10 South Korean exports returned to contraction in the first 20 days of October after growing in September, government data showed on Wednesday.. . .  Full story

Russia's Novak says premature to talk about OPEC+ plans beyond 2020

20/10 Russia's energy minister said on Tuesday it was too early to discuss the future of global oil production curbs beyond December, less than a week after saying plans to reduce the output restrictions should. . .  Full story

Thailand welcomes backs tourists after April virus ban as political protests heat up

20/10 Thailand received a group of tourists from China on Tuesday, its first such arrivals since a ban on commercial flights was imposed in April to combat the coronavirus pandemic, a senior official said, as. . .  Full story

Japan's Nitori considers hostile bid for Shimachu, Nikkei reports

20/10 Japanese furniture retailer Nitori Holdings Co is considering making a bid for Shimachu Co that would challenge an offer for the home improvement retailer made by DCM Holdings, the Nikkei business daily reported.. . .  Full story

Iraq flags oil project delays, sees recovery next year -minister

20/10 The Iraqi oil minister said on Tuesday that oil projects are being delayed in his country because of the OPEC+ production cuts, but he expects an oil price recovery from the second quarter of. . .  Full story

Sudanese strains surface as U.S. pressure triggers debate on Israel

20/10 U.S. pressure on Sudan to normalise ties with former adversary Israel has stirred public debate on a topic that was long taboo, exposing splits that could complicate any swift settlement of. . .  Full story

Botswana sees 7.7 % growth in 2021 on diamond industry recovery

20/10 Botswana's economy will rebound and grow 7.7% in 2021 from a 8.9% contraction forecast this year, on the back of improved sentiment in the global diamond industry, the finance minister said. . .  Full story

Oman's bond market return to test credibility of reform path

20/10 Oman's return to the international bond market this week will be a test of its ability to convince investors that long-awaited fiscal reforms have started to put it on a sustainable financial footing.. . .  Full story

China crude storage flows accelerate as last of cheap oil offloads: Russell

20/10 China's flow of crude oil into storage accelerated in September, reversing two months of declines, as the world's biggest importer of the fuel continued to work its way through massive volumes purchased during a brief. . .  Full story

Asia Distillates-10ppm crack falls as renewed lockdowns hurt demand

20/10 Asia's benchmark 10ppm diesel crack dived 13.1% to hit a three-week low of $2.98 a barrel to Dubai crude, while jet fuel cash differential was also at its lowest since end September <JET-SIN-DIF>. . .  Full story

Emerging-market cross-border lending sinks for first time since 2016, BIS says, led by Latam

20/10 Cross-border lending to emerging markets fell in the second quarter for the first time since 2016, mainly driven by a decline of $43 billion in Latin America and the Caribbean, the Bank for International. . .  Full story

Egypt has more than four months of sugar reserves -official

20/10 Egypt has more than one million tonnes of sugar reserves, sufficient for over four months, an agriculture ministry official said on Tuesday.. . .  Full story

Israeli pipeline company signs deal to bring UAE oil to Europe

20/10 Israeli pipeline company EAPC said on Tuesday it had signed a preliminary deal to help transport oil from the United Arab Emirates to Europe via a pipeline that connects the Red Sea city of. . .  Full story

Japan's Nishimura hopes to meet British trade minister if she visits

20/10 Japan's economy minister, Yasutoshi Nishimura, hopes to meet British trade minister Liz Truss to discuss a trans-Pacific trade pact on a visit to the Asian nation that is being arranged but not yet finalised,. . .  Full story

Thousands join protest against Indonesia jobs law

20/10 Several thousand students and workers protested in Indonesia's capital Jakarta on Tuesday against President Joko Widodo's new jobs law, the latest in a series of rallies opposing legislation that the government says is needed to. . .  Full story

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand -SCMP

20/10 Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post. . .  Full story

Hong Kong's July-Sept unemployment at near 16-yr high, pressure remains

20/10 Hong Kong's seasonally adjusted unemployment rose slightly to 6.4% in the period from July to September, as government relief measures provided some support and coronavirus curbs helped contain infections in an economy already in recession.. . .  Full story

Consumer firms, tech giants nudge Hong Kong shares higher

20/10 Hong Kong shares ended marginally higher on Tuesday, supported by gains in consumer firms and Chinese tech giants, but investor caution ahead of Nov. 3 U.S. presidential election and concerns over surging global COVID-19 cases. . .  Full story

Didi lines up 2021 IPO in Hong Kong, targets more than $60 bln valuation, sources say

20/10 China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering next year, dropping previous aims to list in New York amid rising Sino-U.S. tension, people with knowledge of the. . .  Full story

Philippines' PNOC aims to start S.China Sea venture with CNOOC by 2021

20/10 The president of the exploration arm of the Philippine National Oil Company (PNOC) said on Tuesday the company aimed to start an energy exploration venture with China National Offshore Oil Corp (CNOOC) in the. . .  Full story

China shares claw higher as economic recovery quickens

20/10 China shares ended higher on Tuesday in a relatively tepid session, as optimism over recovering consumption lifted the benchmark index, though data showed a slowdown in new home price growth in the world's second-largest economy. **. . .  Full story

S.Korea finmin to issue 2-year treasury bonds on regular basis

20/10 South Korea's finance ministry said on Tuesday it plans to issue 2-year treasury bonds on a regular basis, starting next January, to diversify demand for the nation's record debt sales planned for this. . .  Full story

Malaysia's Oct. 1-20 palm oil exports rise 4.3% m/m -AmSpec Agri

20/10 Exports of Malaysian palm oil products for Oct. 1-20 rose 4.3% to 1,084,701 tonnes from 1,040,085 tonnes shipped during Sept. 1-20, according to independent inspection company AmSpec Agri Malaysia on Tuesday.. . .  Full story

BOJ to cut growth, inflation forecasts as pandemic pain persists - sources

20/10 Japan's central bank is expected to cut its growth and price forecasts for the current fiscal year at next week's rate review, sources familiar with its thinking said, as the coronavirus pandemic weighs on. . .  Full story

Shanghai shares sag as China's home prices grow at slowest rate since 2016

20/10 Shanghai shares edged lower on Tuesday, as data showing a slower pace of growth in new home prices dragged on stocks of banks, industrial firms and property developers. ** New home prices in China grew. . .  Full story

Stock market boom, new listings mint China billionaires at record pace

20/10 China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, according to a list released. . .  Full story

Japan regulators plan on-site probe of Tokyo exchange, media say

20/10 Japan's Financial Services Agency (FSA) will conduct an on-site investigation of the Tokyo Stock Exchange (TSE) and may issue a business improvement order after a system failure caused a full-day trade suspension earlier this month,. . .  Full story

China's new home prices grow at slowest rate since 2016 on tighter rules

20/10 New home prices in China grew at their slowest pace in over 4-1/2 years as tightening measures in some big cities helped cool the property market despite a broader economic recovery.. . .  Full story

Japanese shares slide on caution about U.S. stimulus package

20/10 Japanese shares fell on Tuesday, tracking a lower close on Wall Street, as investors cautiously looked to whether U.S. lawmakers could reach an agreement on a stimulus package against the backdrop of a deadline. . .  Full story

China keeps lending benchmark LPR steady for 6th straight month as expected

20/10 China kept its benchmark lending rate for corporate and household loans steady for the sixth straight month at its October fixing on Tuesday, encouraged by an extended recovery in the world's second-largest economy from the. . .  Full story

China's new home prices rise 0.4% m/m in September

20/10 New home prices in China grew at a slightly slower monthly pace in September, data showed on Tuesday, weighed down by tightening measures in some big cities to curb a potential market bubble.. . .  Full story

Singapore's Ocean Tankers wants to return most ships to owners - sources

20/10 The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers. . .  Full story

Russia's Novak sees more uncertainty on oil market in winter

19/10 Russian Energy Minister Alexander Novak said on Monday the oil market will likely see more uncertainty in winter when demand for fuel typically declines.. . .  Full story

Output at Libya's Sharara oilfield rises to around 150,000 bpd -sources

19/10 Production at Libya's Sharara oilfield has risen to around 150,000 barrels per day, around half its capacity, two industry sources with knowledge of the matter told Reuters on Monday.. . .  Full story

Worried about weak oil demand, OPEC pledges action

19/10 OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output. . .  Full story

OPEC+ makes no new proposal on policy from Jan 2021 - draft

19/10 A key OPEC+ ministerial panel has made no new policy proposals from January 2021, according to a draft OPEC+ statement seen by Reuters. (Reporting by OPEC newsroom; Writing by Dmitry Zhdannikov; Editing by Jan Harvey). . .  Full story

Saudi retail chains join growing informal boycott of Turkish products

19/10 Saudi Arabia's biggest supermarket chains this week joined a growing boycott of Turkish imports proposed by business leaders and Saudis on social media, as political tensions spilled into trade between the two regional powers.. . .  Full story

UAE firms sign agriculture deals in Israel as pact approved

19/10 Israeli irrigation company Netafim has agreed to open an office in the United Arab Emirates, UAE state news agency WAM said, under one of four deals announced on Monday in the wake of a. . .  Full story

China's Ant wins Hong Kong nod for $35 billion dual listing -sources

19/10 China's Ant Group Co Ltd has won approval from the Hong Kong Stock Exchange for the offshore leg of its IPO, two sources said, clearing the last key regulatory hurdle to launch a dual-listing. . .  Full story

Singapore suspends supply licences of Hin Leong shipping fuel unit

19/10 Singapore has suspended the licences to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and. . .  Full story

Asia Distillates-10ppm crack hits near 3-week low

19/10 Asia's benchmark 10ppm diesel crack fell to an almost three-week low of $3.43 a barrel on Monday as high supplies countered demand in India and China. - China's. . .  Full story

Half of Indians may have had coronavirus by February, govt panel estimates

19/10 At least half of India's 1.3 billion people are likely to have been infected with the new coronavirus by next February, helping slow the spread of the disease, a member of a federal government. . .  Full story

India must not neglect bank recap despite pandemic, says former RBI deputy

19/10 India is neglecting bank recapitalisation as it focuses on debt moratoriums and interest waivers for borrowers amid the COVID-19 pandemic, a former central bank official told Reuters on Monday.. . .  Full story

On Suga's overseas debut, Japan, Vietnam agree broadly on defence transfer

19/10 Japan hailed an agreement in principle to supply Vietnam with military gear and technology, as the two governments pledged on Monday to strengthen security and economic ties amid mounting concerns about China's assertiveness in the. . .  Full story

Oman in preliminary support talks with certain Gulf countries - bond prospectus

19/10 Oman's government has considered asking for financial support from certain other Gulf countries, a bond prospectus showed on Monday.. . .  Full story

19 may inflict a decade of economic pain to Mideast, Central Asia, IMF says

19/10 It might take countries in the Middle East and Central Asia a decade to return to the economic growth seen before the coronavirus crisis, the International Monetary Fund said, as long-standing regional vulnerabilities weigh on. . .  Full story

Tokyo Steel to keep product prices steady in November

19/10 Tokyo Steel Manufacturing Co , Japan's top electric-arc furnace steelmaker, said on Monday it would keep product prices steady in November to make sure a hike implemented this month would be absorbed by the market.. . .  Full story

China expected to keep benchmark LPR unchanged for 6th month

19/10 China's benchmark lending rate is likely to remain steady for a sixth straight month at its October fixing on Tuesday, after the central bank left rates on its medium-term lending facility (MLF) loans. . .  Full story

Dubai wealth fund readies bonds, COVID-19 may hit revenue

19/10 Investment Corporation of Dubai (ICD), the Dubai government's main investment arm, is planning an issue of U.S. dollar-denominated bonds amid expectations of lower revenues from its assets due to the coronavirus crisis.. . .  Full story

India asks at least eight state-run firms to consider buybacks, sources say

19/10 India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March 2021, two government officials said, as New Delhi scours for ways of raising funds. . .  Full story

Hong Kong stocks end higher, subdued China GDP curbs gains

19/10 Hong Kong stocks closed higher on Monday, aided by heavyweight financial and utilities firms, but China's weaker-than-expected GDP data kept gains in check.. . .  Full story

Maroc Telecom's third-quarter profit slips 2.6%

19/10 Maroc Telecom, Morocco's largest telecoms operator, on Monday reported a profit of 4.526 billion dirhams ($490 mln) in the first nine months of the year, down 2.6 % compared with the. . .  Full story

Bangladesh may cancel Nov LNG import tender after receiving high offers

19/10 Bangladesh may cancel a tender to import liquefied natural gas (LNG) in November, after receiving offers to supply the shipments that were too expensive, two energy officials with direct knowledge of the matter said. . .  Full story

China stocks end lower after GDP data disappoints

19/10 China stocks reversed earlier gains to close lower on Monday, weighed down by industrial and healthcare firms, after the country reported a weaker-than-forecast GDP growth for the third quarter.. . .  Full story

China aluminium output hits daily record in September

19/10 China's aluminium production rose in September from a year earlier as prices recovered and new smelters came on line, official data showed on Monday, with daily output reaching a record high.. . .  Full story

S.Korea finance ministry to issue 2-yr treasury bonds -sources

19/10 South Korea finance ministry plans to issue 2-year treasury bonds, two sources said on Monday, which would reduce sales of longer-term bonds amid record debt sales expected for this year.. . .  Full story

WRAPUP 3-China's economic recovery quickens as consumption returns

19/10 China's economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.. . .  Full story

Tunisia government to pump $1.5 billion into state firms, agrees to raise wages

19/10 Tunisia's government will pump $1.5 billion into state firms as part of an attempt to overhaul the struggling sector and will pay a new instalment of wage increases for public employees,. . .  Full story

Japan shares end higher on fresh U.S. stimulus hopes

19/10 Japanese shares ended higher on Monday, tracking a gain in Wall Street futures in Asian trade, on hopes of a new U.S. coronavirus relief deal before the presidential election.. . .  Full story

Japan to join forces with U.S., Europe in regulating Big Tech firms - antitrust watchdog head

19/10 Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign. . .  Full story

JGBs trade steady ahead of 20-year debt auction this week

19/10 Japanese government bond (JGB) prices were flat on Monday, as investors awaited the 20-year bond auction later this week.. . .  Full story

British billionaire Dyson sells Singapore's priciest penthouse

19/10 British billionaire James Dyson, the inventor of the bagless vacuum cleaner, and his wife are selling their three-storey Singapore penthouse about a year after buying it for a reported S$74 million ($54 million).. . .  Full story

Cathay Pacific to operate less than 50% of pre-pandemic capacity in 2021

19/10 Hong Kong's Cathay Pacific Airways Ltd said on Monday it expects to operate less than 50% of its pre-pandemic passenger flight capacity in 2021 as it nears completion of a strategic review that could. . .  Full story

China stocks fall as Q3 GDP misses estimates, Hong Kong shares up

19/10 Chinese shares erased early gains to trade lower on Monday after the country reported a weaker-than-forecast GDP growth for the third quarter.. . .  Full story

Despite politics and coronavirus, Hong Kong's enduring love affair with real estate

19/10 Hong Kong is showing that its affinity for real estate has been unaffected by a year of anti-government protests and concerns over the coronavirus, with a large housing project launched this month registering the highest. . .  Full story

Indonesia Jan-Sept fiscal deficit at 4.16% of GDP on higher spending

19/10 Indonesia's budget deficit was estimated at 682.1 trillion rupiah ($46.56 billion) in the January-September period, equivalent to 4.16% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Monday.. . .  Full story

Japanese shares rise 1% on U.S. stimulus hopes

19/10 Japanese shares gained more than 1% on Monday, tracking Wall Street futures higher in early Asian trade, on hopes of a new U.S. coronavirus relief deal before the presidential election.. . .  Full story