Asia Business

Zambia committed to improving debt transparency, President Lungu says

11h42 Zambia is committed to improving the transparency of its debt management and reporting, and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday.  Full story

Sudan expects bidding round to develop oil and gas in Q3 2019

19h00 Sudan's oil minister said on Tuesday he expected bidding to develop the country's oil and gas blocks to start in the third quarter of 2019, in a move he said would herald the country's. . .  Full story

Start-up of Turkey's new $6 bln STAR oil refinery delayed to 2019

18h01 The commercial start-up of Turkey's new $6.3 billion oil refinery has been delayed until early next year and the plant is not expected to reach full capacity until mid-2019, three sources familiar with the. . .  Full story

Oil prices tumble as traders look beyond Iran: Kemp

17h24 Oil prices have fallen sharply since passing a cyclical peak at the start of October, amid surging production and mounting concerns about the state of the global economy and the outlook for consumption growth. . .  Full story

SE Asia Stocks-Most fall in line with broader Asia; Indonesia climbs 1 pct

12h19 Most Southeast Asian stock markets fell on Tuesday, tracking broader Asia after a selloff on Wall Street overnight, although hopes of a de-escalation in the Sino-U.S. trade tension underpinned investor sentiment.. . .  Full story

Noble Group halves net loss in Q3, restructuring in focus

12h08 Noble Group Ltd halved its quarterly net loss from continuing operations to $43.3 million and said its soon-to-be-completed $3.5 billion debt restructuring would enable the commodity trader to reposition its business in Asia Pacific and. . .  Full story

NNPC says Nigeria will raise oil production to 1.8 mln bpd in 2019

11h11 Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm NNPC. . .  Full story

China Oct total social financing falls to 728.8 bln yuan

11h04 China's total social financing (TSF), a broad measure of credit and liquidity in the economy, fell to 728.8 billion yuan ($104.80 billion) in October, data from the central bank showed on Tuesday.. . .  Full story

HK stocks rise as fresh trade talk possibility eases Wall St worries

11h00 Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets. ** The Hang Seng index. . .  Full story

China outstanding total social financing up 10.2 pct y/y at end-Oct

10h56 China's outstanding total social financing was 197.89 trillion yuan ($28.46 trillion) at the end of October, up 10.2 percent from a year earlier, the central bank said on Tuesday.. . .  Full story

-Jordan aims to import a third of its gas from Egypt

10h44 Jordan aims to increase natural gas imports from Egypt to cover a third of its demand eventually, the Jordanian energy minister said on Tuesday.. . .  Full story

Vietnam's Ca Tam oil field to start production Jan 15 - sources

10h16 Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday.. . .  Full story

China stocks extend gains on trade optimism, hopes of policy support

09h55 China stocks closed higher for a second straight session on Tuesday, supported by expectation of further policy support, signs of fresh trade talks between Beijing and Washington, and gains in consumer scrips. ** The Shanghai. . .  Full story

Singapore arm of Vietnam's Petrolimex seeks winding up of Brightoil Singapore unit -legal notice

09h42 The Singapore unit of Vietnamese oil trader Petrolimex has filed an application in the Singapore High Court to wind up marine fuel supplier Brightoil Petroleum Singapore Pte Ltd, according to a legal notice in. . .  Full story

Nikkei dragged down by weaker Wall St; tech shares hit

08h31 Japanese stocks touched a two-week low on Tuesday, with technology firms coming under heavy selling pressure after shares of Apple Inc tumbled.. . .  Full story

China shares edge up at midday; Hong Kong lower

06h37 Shares in China staged a late-morning rally to move slightly higher at the midday break, with consumer firms overcoming a drag from financial firms, while in Hong Kong tech firms reversed an early slump. . .  Full story

Longer-dated JGBs firm as equities fall, boost safe-haven allure

06h32 Japanese government bond (JGB) prices edged up on Tuesday as the benchmark Nikkei share average hit a two-week low in intra-day trade, weighing on risk appetite and boosting the safe-haven appeal of debt.. . .  Full story

Japan central bank's total assets exceed country's GDP - data

03h09 The Bank of Japan's total assets rose to 553.6 trillion yen ($4.87 trillion), central bank data showed on Tuesday, surpassing the country's gross domestic product for the first time.. . .  Full story

Thailand loses WTO dispute over cigarette imports

12/11 Thailand has failed to comply with a World Trade Organization ruling against its regulations on cigarette imports, a WTO dispute panel said on Monday, the first of two legal cases brought to the Geneva-based. . .  Full story

India's debt-laden IL&FS begins work on assets sales

12/11 Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started work on plans to sell off assets, part of a wider restructuring of the group, the company said on Monday.. . .  Full story

SoftBank seeks Deutsche's advice on Saudi power investments-sources

12/11 SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.. . .  Full story

India's Jet Airways to cut flights on some routes after further losses

12/11 Debt-laden Indian carrier Jet Airways Ltd will cut flights on less profitable routes and add capacity to more lucrative markets, as part of its effort to lower costs and boost revenues as it struggles to. . .  Full story

India signs initial pact to lease half of Padur storage to ADNOC

12/11 Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to use half of the Padur strategic reserve facility in Southern India, which can store about 2.5 million tonnes or 18 million barrels. . .  Full story

Mubadala to buy 20 pct interest in Egypt's Nour offshore concession from Eni

12/11 Abu Dhabi state fund Mubadala Investment Company's oil business has agreed to buy a 20 percent participating interest in Egypt's Nour North Sinai Offshore Area concession from Italy's Eni, it said. . .  Full story

Lukoil sees no need to cut oil output in 2019

12/11 Russia's Lukoil sees no need to cut crude output in 2019, CEO Vagit Alekperov said on Monday, as global producers discuss the situation in oil markets.. . .  Full story

SoftBank seeks hard cash in Japan telco IPO

12/11 SoftBank Group Corp has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its Japanese telecoms business, in a deal that will seal the group's transformation into a. . .  Full story

China overtakes Japan as world's top natural gas importer

12/11 China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan. . .  Full story

SE Asia Stocks-Most fall on soft China economic data; Indonesia top loser

12/11 Most Southeast Asian stock markets closed lower on Monday, with Indonesia shedding over 1.5 percent, as soft China economic data revived concerns about global growth. China's producer inflation slowed for. . .  Full story

Saudi's Falih says analysis shows need for 1 mln bpd cut in oil output

12/11 Saudi Energy Minister Khalid al-Falih said on Monday OPEC and its allies agree that technical analysis shows a need to cut oil supply next year by around 1 million barrels per day (bpd) from. . .  Full story

Japan's SoftBank steps closer to transformation with mammoth mobile IPO

12/11 SoftBank Group Corp has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group's transformation into a. . .  Full story

China won't set targets for individual banks' loans to private firms - state media

12/11 China will not set specific targets for individual banks on how much they should lend to private firms, and banks' credit assessment standards will not be compromised, state-owned China Securities Journal said on Monday, citing. . .  Full story

Saudi Aramco CEO says IPO will 'certainly' happen

12/11 Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will "certainly" happen when the conditions are right.. . .  Full story

Hong Kong stocks edge up but tech woes persist

12/11 Stocks in Hong Kong moved up marginally on Monday, but were left out from the policy-inspired rally seen in the technology sector in the mainland market, as investors in the city appeared cautious ahead. . .  Full story

Thai c.bank seen holding key rate, but hike possible next month

12/11 Thailand's central bank is widely expected to leave its key interest rate near a record low on Wednesday, though there was a good chance that the first rate hike in years could come in. . .  Full story

China stocks end higher as govt supports share buyback plans

12/11 Stocks in China snapped a five-session losing streak to end higher on Monday, after the securities regulator said it will make it easier for companies to buy back shares. The news lifted smaller-cap stocks,. . .  Full story

JGBs slightly firmer in subdued trade; 10-, 40-yr cash bonds untraded

12/11 Japanese government bond (JGB) prices were slightly firmer on Monday, while the key 10-year and super-long 40-year cash bonds were untraded as activity was subdued, partly due to a U.S. market holiday.. . .  Full story

Nikkei edges up in choppy trade, defensive shares outperform

12/11 Japan's Nikkei edged up in choppy trade on Monday as buying of cheapened stocks was largely offset by cautious sentiment driven by weakness on Wall Street and falling U.S. tech shares.. . .  Full story

Singapore central bank chief warns of risks to data localisation measures

12/11 Concerted moves by countries to force companies to store data locally poses a risk to the growth of the digital economy, Singapore's central bank chief said on Monday.. . .  Full story

China, HK stocks edge higher as govt ramps up support for private sector

12/11 Stocks in China and Hong Kong edged higher on Monday after government departments and regulators rolled out a series of measures over the weekend to support the private sector, including steps to make share buybacks. . .  Full story

Samsung BioLogics shares plunge over accounting concerns

12/11 Shares in Samsung BioLogics Co Ltd plunged on Monday amid concerns about its accounting practices ahead of a meeting of regulators this week to review whether it has violated rules which could lead to. . .  Full story

Nikkei edges up in choppy trade, Wall Street weakness limits gains

12/11 Japan's Nikkei ticked up in a choppy Monday morning as investors scooped up cheap stocks, but gains were contained by weakness on Wall Street and falling U.S. tech shares.. . .  Full story

Japan PM Abe calls for public works spending plan to help economy

12/11 Japan's Prime Minister Shinzo Abe called on Monday for a new public works spending programme to stimulate the economy amid growing concerns about global risks.. . .  Full story

China will step up tax cuts - finance minister

12/11 China will study and implement tax cuts of a larger scale and more significant fee reductions for companies, the country's finance minister Liu Kun said on Monday.. . .  Full story

Japan Oct wholesale prices rise 2.9 pct yr/yr

12/11 Japanese wholesale prices rose 2.9 percent in the year to October, Bank of Japan data showed on Monday.. . .  Full story

Abu Dhabi crown prince discusses "potential bio-energy cooperation" with Total CEO

11/11 Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed said in a tweet on Sunday he discussed with Total CEO Patrick Pouyanne "potential bio-energy cooperation" between the company and the institutions of the United Arab. . .  Full story

Chinese vessel collects cobalt samples in the Pacific - Xinhua

11/11 A Chinese deep-sea exploration vessel has returned to port in Guangdong after collecting samples of so-called cobalt-bearing crusts during a 138-day survey in the west Pacific, China's official Xinhua news agency reported on Sunday.. . .  Full story

China reports new African swine fever outbreak in Anhui province

11/11 China has confirmed a new outbreak of African swine fever in the eastern province of Anhui.. . .  Full story

Zhengzhou bourse to open PTA futures to overseas investors from Nov 30 - China state media

11/11 China will allow overseas investors to trade purified terephthalic acid (PTA) futures on the Zhengzhou Commodity Exchange from Nov. 30, the state-run Shanghai Securities News reported on Sunday, citing an unnamed source in charge of. . .  Full story

Auction of detained Saudi tycoon's properties to start Dec 2 -sources

11/11 Saudi Arabia will start auctioning real estate assets of billionaire Maan al-Sanea and his company on Dec. 2 to help repay billions of dollars due to creditors, sources familiar with the matter told Reuters.. . .  Full story

S.Korea's fin min nominee says economy below potential growth level

11/11 South Korea's finance minister nominee said the country's months-long property boom is cooling down and economy is below its full potential, signalling to markets that monetary tightening is not urgent for now.. . .  Full story

Egypt's Suez Canal revenues at $4.8 bln Jan-Oct, up 10.3 pct Y/Y -authority

10/11 Revenues from Egypt's Suez Canal rose to $4.8 billion from January to October, 10.3 percent higher than the same period in 2017, the canal authority said on Saturday.. . .  Full story

China launches aviation fuel index amid slowest demand growth in 4 yrs

10/11 China National Aviation Fuel Group on Saturday launched the country's first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world's second-largest economy.. . .  Full story

Malaysia's Nov 1 - 10 palm oil exports fall 0.3 pct -AmSpec Agri

10/11 Exports of Malaysian palm oil products for November 1 - 10 fell 0.3 percent to 307,323 tonnes from 308,380 tonnes shipped during October 1 - 10, according to independent inspection company AmSpec. . .  Full story

Malaysia's Nov 1 - 10 palm oil exports rise 4.5 pct -ITS

10/11 Exports of Malaysian palm oil products for November 1 - 10 rose 4.5 percent to 310,592 tonnes from 297,265 tonnes shipped during October 1 - 10, cargo surveyor Intertek Testing Services said. . .  Full story

China's Premier says loans to small firms should not be "willfully withdrawn" - Xinhua

10/11 China's premier said loans to small firms should not be "willfully withdrawn," and China should help small firms tackle their liquidity difficulties, the official Xinhua news agency reported late on Friday.. . .  Full story

Vietnam Oct coffee exports up 14.5 pct from Sept - customs

09/11 Vietnam exported 138,111 metric tonnes of coffee in October, up 14.5 percent from September, government customs data released on Friday showed.. . .  Full story

Vietnam October trade surplus $770 million - customs

09/11 Vietnam posted a trade surplus of $770 million in October, government data released on Friday showed.. . .  Full story

Asia Gold-Key festivals light up Indian demand

09/11 Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity.. . .  Full story

Vietnam arrests former deputy minister as part of graft crackdown

09/11 Police in Vietnam arrested a former deputy labour minister on Friday on allegations of economic mismanagement, as the communist-led government presses on with a crackdown on corruption.. . .  Full story

China unveils more funding support for private firms

09/11 China's cabinet has unveiled more financial support for private and small firms, which are vital for creating jobs, state radio said on Friday.. . .  Full story

Philippines to charge news site Rappler for tax evasion

09/11 The Philippines' justice department said on Friday it had found cause to indict online news site Rappler and its top executive for tax evasion.. . .  Full story

Singapore Exchange regulatory unit proposes changes to delisting rules

09/11 Singapore Exchange Ltd's regulatory subsidiary is proposing changes to some of the rules governing voluntary delistings following a recent spate of buyout deals.. . .  Full story

SE Asia Stocks-Fall on Fed rate hike view; Indonesia snaps 8 days of gains

09/11 Southeast Asian stock markets fell on Friday and wiped out gains made in a post-U.S. midterm election rally on rising chances of a U.S. Fed rate hike in December, with Indonesia losing the most.. . .  Full story

Indonesia's Q3 c/a deficit widens to 3.37 pct of GDP

09/11 Indonesia's current account deficit widened in the third quarter to its largest since the second quarter of 2014, data from the central bank showed on Friday.. . .  Full story

Azeri SOCAR to supply its new Turkish refinery with third-party oil

09/11 Azeri state energy company SOCAR plans to supply its new refinery in Turkey with oil from different producers in Europe, the Black Sea region and the Gulf, the head of SOCAR's trading arm said. . .  Full story

Fukushima tests to help assess cooling of damaged reactors - Tepco

09/11 The owner of the Fukushima nuclear plant, destroyed by an earthquake and tsunami nearly eight years ago, said on Friday it planned tests early next year to see how much melted uranium fuel has. . .  Full story

HK stocks snap 3 sessions of gains; Fed rate hike fears grow

09/11 Hong Kong stocks fell across the board on Friday and erased gains made in the previous three sessions, tracking weakness in broader Asian markets amid growing worries that the U.S. Federal Reserve looked set. . .  Full story

Investors chew over Chinese firm's plan to pay bond interest in ham

09/11 A Chinese livestock company squeezed for cash has proposed to bondholders a plan to pay them some of the interest owed with ham and gift boxes of meat, according to an exchange filing, sending. . .  Full story

Thai c.bank adjusts housing loan rules, effective in April

09/11 Thailand's central bank, concerned about rising bad property loans, on Friday announced some changes to new planned mortgage lending rules and delayed an effective date for three months to April.. . .  Full story

Japan govt eyes 10 trln yen stimulus to offset sales tax hike - sources

09/11 Japan's government is considering a stimulus package worth around 10 trillion yen ($87.87 billion) to offset the impact of a sales tax hike next year and to increase public works spending after a series. . .  Full story

China's money rates ease as few signs of liquidity stress

09/11 China's primary money rates fell over the week as there was little sign of liquidity stress so early in the month, despite the central bank continuing to refrain from injecting fresh funds into the. . .  Full story

India clears sale of "enemy shares" held by people who moved to Pakistan

09/11 India's government said it will sell stocks worth millions of dollars seized from people who moved to Pakistan following partition in 1947 and the wars since, as a way to make up for a. . .  Full story

China stocks fall for 5th straight session on cocktail of risks

09/11 Chinese stocks fell nearly 1.5 percent on Friday, posting their fifth straight session of declines, as the market was weighed down by a mix of weak data, worries over rising pressure on financial companies. . .  Full story

In China, response to pledged share meltdown stirs concern

09/11 Scores of Chinese brokers and banks are struggling under the weight of hundreds of billions of dollars worth of loans to companies using their own plummeting shares as collateral.. . .  Full story

Nikkei ends lower, China-focused shares slip

09/11 Japan's Nikkei ended the week on a sour note, tracking broader losses in global equities markets, and as worries about further Sino-U.S. trade tensions weighed on some China-focused shares.. . .  Full story

S.Korea's Moon shakes up economy team, vows to keep policies

09/11 South Korean President Moon Jae-in has replaced his two top economic policymakers with current members of the government, his office announced on Friday, saying the changes were made to strengthen efforts to achieve a more. . .  Full story

JGBs steady to slightly higher, super-longs outperform as BOJ operations see limited selling

09/11 Benchmark Japanese government bonds (JGBs) were little changed on Friday, though super-longs firmed slightly after the Bank of Japan's buying operations saw limited selling in the market.. . .  Full story

Myanmar eases restrictions on foreign bank lending

09/11 Myanmar’s central bank on Thursday announced new rules allowing foreign banks to lend to local businesses, bringing further reforms to the country’s stunted banking sector.. . .  Full story

Japan weather bureau says El Nino appears to have formed

09/11 Japan's weather bureau said on Friday the El Niño weather pattern appears to have formed and that there was a 70 percent chance it would continue into the Northern Hemisphere spring.. . .  Full story

China stocks fall further, financials top drag

09/11 China stocks fell over 1 percent on Friday and were headed for a fifth straight session of losses, dragged by financials after the banking and insurance regulator pushed for credit support to private companies.. . .  Full story

S.Korea's Moon sacks economic policy chiefs, replaces with insiders

09/11 South Korean President Moon Jae-in has fired both his top economic policymakers and replaced them with people already in the government, his office said on Friday, a move widely seen as intended to reinforce. . .  Full story

Malaysia's Sept factory output up 2.3 pct y/y, just above forecast

09/11 Malaysia's industrial production index rose 2.3 percent in September from a year earlier, slightly faster than the previous month, supported by gains in the manufacturing and electricity generation sectors, government data showed on Friday.. . .  Full story

China's CNPC to take oil from Iranian fields it owns as normal

09/11 China National Petroleum Corp (CNPC) is continuing to take oil from Iranian oilfields where it has ownership stakes, even after the United States re-imposed sanctions on the country's oil sector, a company executive said on. . .  Full story

Nikkei pulls back from multi-week high, China-focused shares fall

09/11 Japan's Nikkei came off a multi-week high on Friday, tracking broader losses in global equities markets, and as worries about further Sino-U.S. trade tensions weighed on some China-focused shares.. . .  Full story

Breakdown of China's Oct CPI

09/11 Following is a breakdown of China's consumer price index for October, published by the National Bureau of Statistics on Friday. (Percent change from a year earlier; base effect and new price rise. . .  Full story

Breakdown of China's Oct PPI

09/11 Following is a breakdown of China's producer price index for October, published by the National Bureau of Statistics on Friday. (Percent change from a year earlier):. . .  Full story

China cenbank drains 1.25 trln yuan YTD in open market operations

09/11 The People's Bank of China (PBOC) has drained 1.25 trillion yuan ($180.33 billion) on a net basis from money markets via open market operations so far this year. The. . .  Full story

POLL-China's Oct new loans seen lower but credit easing on track

09/11 New banks loans in China likely fell in October due to a seasonal lull but were still well ahead of historical trends as policymakers urge lenders to keep cash-starved firms afloat as the economy. . .  Full story

Japan's corporate image hit by falsification scandal - poll

09/11 Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp, a maker of earthquake shock absorbers, has hurt Japan's corporate image, a Reuters poll found, although few saw any impact on. . .  Full story

AIA Q3 new business value jumps 17 pct on sales in China, Hong Kong

09/11 AIA Group Ltd, the world's second-largest life insurer by market value, posted a 17 percent rise in new business value in its fiscal third quarter, as it boosted sales in its main markets of. . .  Full story

Brazil risks Middle East trade with Israel embassy move

08/11 A proposal by Brazil's next president to relocate its embassy in Israel, following U.S. President Donald Trump's lead, may set off a diplomatic storm in the Muslim world, threatening a key market for the. . .  Full story

India to allow foreign companies to store oil in Padur reserve

08/11 India on Thursday approved a plan to allow foreign oil companies to store oil in the Padur strategic petroleum reserve, law minister R. S. Prasad said, as the world's third biggest oil importer seeks. . .  Full story

EBRD signs $100 mln financing deal with Lebanon's Bank Audi

08/11 The European Bank for Reconstruction and Development (EBRD) signed a $100 million financing deal with Lebanon's Bank Audi on Thursday, in its second environmental technology investment in the country since starting work there a year. . .  Full story

Philippines seeking 203,000 T rice from state sellers

08/11 The Philippines' National Food Authority has issued a new international tender to state-owned agencies only to purchase up to 203,000 tonnes of rice, European traders said on Thursday.. . .  Full story

Russia's Rosneft snubs government meeting on global oil deal

08/11 Russia's largest oil firm, Rosneft , snubbed a meeting chaired by Energy Minister Alexander Novak on Thursday aimed at consulting domestic energy companies as leading global producers signal a possible cut in crude output.. . .  Full story

Myanmar agrees smaller deal for China-backed port after 'debt-trap' concern

08/11 Myanmar on Thursday signed an agreement with China's state-run CITIC Group to begin work on a deep-sea port in the west of the country, after negotiations that saw the initial phase of the project. . .  Full story

China Oct rare earth exports slump to 3-year low

08/11 China's exports of rare earths fell by 37.4 percent from the previous month to their lowest in more than three years in October, according to customs figures released on Thursday and Refinitiv Eikon data.. . .  Full story

SE Asia Stocks-Rise, Singapore leads gains

08/11 Southeast Asian stock markets closed higher on Thursday, with Singapore leading the gains with a near 1 percent rise, driven by a post-election rally on Wall Street and China's stronger-than-expected October export data.. . .  Full story

China's Oct new loans seen lower but credit easing on track

08/11 New banks loans in China likely fell in October due to a seasonal lull but were still well ahead of historical trends as policymakers urge lenders to keep cash-starved firms afloat as the economy. . .  Full story

Hong Kong shares edge higher; big three telecoms firms rise

08/11 Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China's big three telecoms firms rose on new network. . .  Full story

China says corn crop 20 pct bigger after overhauling years of data

08/11 China, the world's No. 2 corn producer, sharply revised higher its corn output data for the past 10 years, a move that should have wide repercussions for global supply and demand scenarios.. . .  Full story

Egypt's economy grew about 5.3 pct yr/yr in Q1 of fiscal 2018-19: planning minister

08/11 Egypt's economy expanded about 5.3 percent in the first quarter of the 2018/2019 fiscal year that began in July compared with the same quarter last year, Planning Minister Hala al-Saeed said. . .  Full story

China stocks extend falls as trade, economic concerns linger

08/11 Stocks in China gave up earlier gains and closed lower for a fourth straight session on Thursday, as investors remained concerned over the trade outlook and awaited concrete signs of policy support for a. . .  Full story

Nikkei rises to 2-1/2-week high, Toshiba jumps on plans to shed assets

08/11 Japan's Nikkei surged on Thursday, tracking a rally in Wall Street after U.S. midterm elections produced no major surprises, while Toshiba was in the spotlight after it announced cost cuts and a major share. . .  Full story