Asia Business

China stocks set for weekly losses on worries over policy tightening, Sino-U.S. tensions

06h29 China stocks were little changed on Friday but were on track to post weekly declines, led by technology shares, as worries over policy tightening and rising Sino-U.S. tensions dented sentiment.. . .  Full story

-S.Korean doctors strike over health plans as new coronavirus cases climb

06h19 About a quarter of South Korea’s medical clinics closed on Friday for a one-day strike in protest at government plans to train new doctors, as the country reported the highest number of domestic coronavirus. . .  Full story

Indian shares rise on hopes of more stimulus

06h17 Indian shares rose on Friday, helped by gains in metal and bank stocks, as hopes of more stimulus to shore up an economy reeling from the fallout of the COVID-19 pandemic boosted sentiment.. . .  Full story

China's retail sales unexpectedly fall as consumer caution prevails

06h11 China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled. . .  Full story

Breakdown of China's Jan-July property investment

05h49 Following is a breakdown of China's real estate investment for the year to July, published by the National Bureau of Statistics on Friday. Actual investment in the sector (bln. . .  Full story

Nikkei ekes out gains, within whisker of erasing pandemic loss

05h20 Japan's Nikkei share average eked out gains on Friday, but stopped short of a final step towards a complete recovery from its decline triggered by the coronavirus crisis.. . .  Full story

Evergrande sells property management unit stake for $3 bln ahead of possible IPO

05h00 China Evergrande Group said it sold 28% of a property management unit for HK$23.5 billion ($3 billion), bringing in strategic investors ahead of a possible IPO for the unit. Shares in Evergrande jumped more than. . .  Full story

FACTBOX-Oil refiners shut plants as demand losses seen continuing

04h51 Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.. . .  Full story

Alert that China central bank will skip open market operations is withdrawn

03h44 The alert at 01:21:41 GMT that the China central bank will skip open market operations today was issued inadvertently and is withdrawn.. . .  Full story

China's July home prices rise 0.5% m/m, 4.8% y/y, touch slower from June

03h41 China's new home prices rose at a slightly slower monthly pace in July but growth remained steady, data showed on Friday, as consumer confidence continues to recover from the coronavirus crisis.. . .  Full story

Japan's ruling party executive says must avoid rise in property tax - Nikkei

01h48 Japan must avoid any increase in property tax for commercial land as the coronavirus pandemic is hurting many companies, Akira Amari, head of the ruling Liberal Democratic Party's tax panel, was quoted as saying. . .  Full story

Pandemic delivers first crisis lessons to Southeast Asia's Grab

01h00 In the early weeks of the coronavirus outbreak, Anthony Tan, the CEO of Southeast Asia's biggest ride-hailing firm, recalls how he mistook the infection to be a China-only problem, similar to the Severe Acute Respiratory. . .  Full story

Erdogan says any attack on Turkish ship in Mediterranean dispute will exact 'high price'

13/08 President Tayyip Erdogan said on Thursday that any attack on a Turkish ship exploring for oil and gas in disputed Mediterranean waters would incur a "high price" and suggested Turkey had already acted on. . .  Full story

Kuwait closes 2019-2020 fiscal year with $18 bln deficit -finance ministry

13/08 Kuwait, facing one of the worst economic crunches in the oil-exporting Gulf region, posted an actual deficit of 5.64 billion dinars ($18.44 billion) in the 2019-2020 fiscal year, it said on Thursday, a 69%. . .  Full story

Oil refiners shut plants as demand losses seen continuing

13/08 Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.. . .  Full story

Singapore court appoints supervisor for Lim family's Xihe Holdings - source

13/08 The Singapore High Court has appointed Grant Thornton Singapore as the supervisor of Xihe Holdings Pte Ltd and four of its subsidiaries, a source with knowledge of the matter said on Thursday.. . .  Full story

India's July retail inflation dims chances of rate cut

13/08 India's retail inflation rose to 6.93% in July on higher food prices, remaining above the RBI's medium-term target for a 10th straight month, according to government data released on Thursday.. . .  Full story

Thai PM says economic crisis will not go away quickly amid pandemic

13/08 Thailand's prime minister said on Thursday the economic crisis will not disappear quickly amid the coronavirus pandemic as his new cabinet faces the tough task of reviving an economy expected to shrink by a. . .  Full story

Hardened Lebanese merchants battered by Beirut blast

13/08 Sleep Comfort survived Lebanon's 15-year civil war. But nothing could have prepared the high-end family furniture business for the Beirut port blast that destroyed swathes of the capital.. . .  Full story

Mitsubishi Corp forecasts $2.8 bln hit to annual profit from COVID-19

13/08 Japanese trading house Mitsubishi Corp said it had a difficult first quarter as net profit plunged 77% due to the coronavirus pandemic, which it said is likely to wipe 300 billion yen ($2.8 billion). . .  Full story

Vietnam reports 25 more COVID-19 infections, 3 additional deaths on Thursday

13/08 Vietnam's health ministry reported 25 more coronavirus infections and three additional deaths on Thursday, bringing the total number of cases in the Southeast Asian country to 905, with 20 fatalities.. . .  Full story

Asia Distillates-Gasoil cracks slip, cash discounts widen on muted trading

13/08 Asian refining margins for 10 ppm gasoil dropped on Thursday, despite weaker raw material crude prices, while traders were concerned that ample supplies and weak demand due to reimposed coronavirus-led lockdowns would keep. . .  Full story

Indian shares end mostly flat as investors eye fresh triggers

13/08 India's main indexes ended little changed on Thursday as gains in metal and auto stocks were offset by a drop in financial and consumer staples shares, with investors looking for fresh triggers amid continued. . .  Full story

India's exports of gems, jewellery slump 38% in July - trade council

13/08 India's gems and jewellery exports fell 38% in July from a year ago to $1.36 billion as shipments of cut and polished diamonds plunged because of the novel coronavirus, a trade organisation said on. . .  Full story

Nearly a quarter of Nepal's workers lose jobs due to coronavirus - cbank

13/08 Nepali businesses have laid off 22.5% of their workers as measures to contain the novel coronavirus hit tourism and other activities, a senior central bank official said on Thursday, citing a study of the. . .  Full story

HK shares end flat ahead of Sino-U.S. trade deal review

13/08 Hong Kong shares closed flat on Thursday as caution prevailed ahead of a crucial U.S.-China meeting this weekend to discuss the progress of the bilateral trade deal.. . .  Full story

Spice is right as Indonesian startups eye value in vanilla

13/08 Indonesian Sofa Arbiyanto had a manufacturing job in South Korea two years ago when he learned about the high price of vanilla on the global market, and decided to try his luck at growing. . .  Full story

Japanese airline ANA in talks to raise up to $4.7 bln capital from banks - Nikkei

13/08 Japanese airline company ANA Holdings Inc is in talks with multiple banks to raise capital of up to 500 billion yen ($4.7 billion) in the wake of the coronavirus-driven slump in air travel demand,. . .  Full story

PipeChina's crude oil pipelines

13/08 China's newly formed PipeChina is expected to receive a portion of midstream oil and gas infrastructure from PetroChina and Sinopec by the end of September as part of a $56 billion asset-transfer deal.. . .  Full story

China shares end flat on caution ahead of Sino-U.S. trade deal meeting

13/08 China shares ended little changed on Thursday, as caution ahead of a U.S.-China meeting this weekend to review the implementation of a bilateral trade agreement offset strength in agriculture stocks on food security concerns. ** Senior. . .  Full story

Israel's Bank Hapoalim profit falls on COVID-19 provision

13/08 Bank Hapoalim, Israel's largest lender, said on Thursday net profit fell sharply in the second quarter as it set aside a large provision to deal with the COVID-19 crisis.. . .  Full story

JGBs bounce back after solid BOJ operation results

13/08 Japanese government bond prices bounced back on Thursday after the Bank of Japan's bond buying operation results confirmed limited selling interest after the market's retreat over the past week or so.. . .  Full story

China data mystery prompts talk of stealth PBOC bond buying

13/08 A mysterious increase in Chinese government bond (CGB) holdings by unknown investors has prompted speculation that China's central bank has bought the debt in recent months to bolster the country's economic recovery.. . .  Full story

Nikkei rises to 6-month high, chip-related shares lead gains

13/08 Japan's Nikkei share average scaled a near six-month high on Thursday, driven by strong gains in technology shares, with investors sticking to hopes that Washington will deliver stimulus even as talks between U.S. lawmakers stall.. . .  Full story

Thai investor mood dips for first time in 4 months, politics weigh

13/08 Investor confidence in Thailand's capital markets over the next three months dropped for the first time in four months, unsettled by recent anti-government protests, a capital market association said on Thursday.. . .  Full story

BOJ paying banks to boost pandemic relief, compensates for negative interest rates

13/08 As the Bank of Japan tries to pump more funds to companies hit by the coronavirus pandemic, it is offering banks hundreds of millions of dollars in bonuses, a move analysts say is aimed. . .  Full story

Abu Dhabi's Aldar Q2 profit rises 2%

13/08 Abu Dhabi developer Aldar Properties reported a 2% rise in second-quarter profit on Thursday, although the company did not provide outlook for the rest of the year due to the COVID-19 pandemic.. . .  Full story

China's debt collectors flourish as consumers flounder in a COVID-hit economy

13/08 It's not a good sign for any economy when debt collectors are booming and in China right now, the industry is on a hiring spree.. . .  Full story

Indian shares rise on gains in metals, upbeat global mood

13/08 India's main indexes rose on Thursday, powered by gains in metal stocks, while an overnight rally in technology stocks on Wall Street and a surprise rise in U.S. inflation boosted global sentiment.. . .  Full story

China stocks flat on caution ahead of Sino-U.S. trade deal review meeting

13/08 China stocks were unchanged on Thursday as investors were cautious ahead of a U.S.-China meeting this weekend to review the implementation of a bilateral trade agreement signed by the world's top two economies earlier this. . .  Full story

China's banking sector expected to dispose $490 bln of bad loans in 2020 - Xinhua

13/08 China's banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency reported.. . .  Full story

China extends anti-dumping tariff on Indian fibre optic product

13/08 China is extending an anti-dumping tariff on a fibre optic product made in India, the Ministry of Commerce said on Thursday.. . .  Full story

Japan's wholesale price fall eases further as economy emerges from coronavirus jolt

13/08 Japan's wholesale prices fell at a smaller annual pace in July than in the previous month as global and domestic demand rebounded, a sign the economy was gradually emerging from the damage wrought by. . .  Full story

Chinese national killed at Zijin mining camp in Congo, company says

12/08 A Chinese national was killed during an attack on a mining camp run by Zijin Mining Group Co in the early hours of Tuesday in southern Democratic Republic of Congo, a report on the. . .  Full story

Saudi stock exchange to launch environmental index with MSCI -CEO

12/08 Saudi Arabia's stock exchange (TADAWUL) plans to launch an environmental, social or governance (ESG) index in cooperation with global index provider MSCI by the fourth quarter of this year or first quarter of 2021,. . .  Full story

Next Lebanon government to face $30 billion reform test

12/08 Lebanon may be in line for $298 million in emergency aid after the Beirut port blast, but the more than $30 billion that some estimate it may need to rebuild its shattered economy will. . .  Full story

Tencent tries to soothe concerns about U.S. ban as profit jumps

12/08 China's Tencent said on Wednesday it did not believe a U.S. move to ban transactions on its international messaging to payments WeChat app would apply to its domestic Weixin platform, potentially limiting fallout from the. . .  Full story

OPEC trims 2020 oil demand, sees doubts about 2021 on virus fallout

12/08 World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next year's recovery, OPEC forecast on Wednesday, potentially making it harder for the. . .  Full story

Saudi Aramco plans further spending cuts to pay for dividend - FT

12/08 Saudi Aramco plans to cut its capital spending to a range of $20 billion to $25 billion this year to pay a $75 billion dividend it pledged to investors during its initial public offering. . .  Full story

NMC Health $275 mln rescue financing faces creditor opposition - sources

12/08 NMC Health has secured loan commitments worth $275 million in a deal which would allow the lenders to improve their prospects of recovering money already owed by the United Arab Emirates troubled hospital operator,. . .  Full story

China will step up policy support for foreign trade and foreign investment

12/08 China will step up policy support for foreign trade and foreign investment amid the worldwide spread of the novel coronavirus and a slump in the global economy, the cabinet said on Wednesday.. . .  Full story

Eneos run rate plunges to 68% in April-June, lowest since 2010

12/08 Japan's biggest refiner, Eneos Holdings Inc, said on Wednesday its refineries' run rate in the April-June quarter fell to 68%, the lowest since 2010, as demand for oil products has collapsed because of the novel. . .  Full story

Asia Distillates-Gasoil cash differentials drop to lowest since early June

12/08 Asia's cash differentials for 10 ppm gasoil slipped to their lowest level in more than two months on Wednesday, weighed down by abundant supplies and subdued demand, while the prompt-month spread for the. . .  Full story

OPEC to issue August monthly report at 1220 GMT

12/08 The Organization of the Petroleum Exporting Countries will release its August Monthly Oil Market Report at 1220 GMT (1320 London time, 1430 Vienna time) on Wednesday, the group said in an email.. . .  Full story

Regulator warning ends Hong Kong's Next Digital share rally

12/08 Shares of Next Digital Ltd tumbled over 40% on Wednesday after soaring more than 1,000% in the last two sessions, as the securities watchdog said it was monitoring trading activity in the Hong Kong. . .  Full story

Lebanon has four months of wheat consumption in stock or coming shipments - outgoing minister

12/08 Lebanon has enough wheat to cover four months of consumption, whether in existing stocks or in shipments expected to reach the country in August, said outgoing economy minister Raoul Nehme. Lebanon has 30,000 tonnes of. . .  Full story

Malaysia's Q2 GDP seen contracting sharply on strict coronavirus curbs

12/08 Malaysia's economy is expected to have contracted for the first time in over a decade in the second quarter, as the coronavirus pandemic and strict containment measures dragged on private spending and exports.. . .  Full story

Hong Kong stocks hit near 3-week high as financials rebound

12/08 Hong Kong shares touched a near three-week high on Wednesday, led by a rebound in heavyweight financial stocks, and as a regional sell-off in equities ran out of steam towards the end of the. . .  Full story

China stocks end lower on souring global sentiment, soft loan growth

12/08 Chinese shares fell for a second straight session on Wednesday after global market sentiment soured on the prospect of a swift U.S. stimulus boost and as domestic data showed softer growth in bank lending.. . .  Full story

Japan shares rise on weaker yen but U.S. stimulus doubts cap gains

12/08 Japanese stocks edged higher on Wednesday as some investors bought shares of major exporters on the back of a slightly weaker yen, although sentiment was cautious due to a stalemate in talks over additional. . .  Full story

China stocks drop most in two weeks on weak global sentiment, bank lending data

12/08 Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending.. . .  Full story

JGB yields rise, curve steepens as traders eye Treasury auction

12/08 Yields on longer-dated Japanese government bonds rose on Wednesday, tracking gains in Treasuries ahead of a record auction of 10-year U.S. government debt later in the day.. . .  Full story

China to suspend Etihad Airways, SriLankan Airlines Shanghai route from Aug 17

12/08 China's aviation regulator said on Wednesday that it would suspend Etihad Airways from flying its Abu Dhabi-Shanghai route and China Eastern Airlines from operating its Manila-Shanghai route each for a week from August 17 due. . .  Full story

Vietnam July rice exports up 6.5% m/m to 479,633 tonnes - customs

12/08 Vietnam exported 479,633 tonnes of rice in July, up 6.5% from June, customs data released on Wednesday showed.. . .  Full story

Putin hails new Sputnik moment as Russia is first to approve a COVID-19 vaccine

12/08 President Vladimir Putin said on Tuesday that Russia had become the first country to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing, a move Moscow likened to. . .  Full story

Japan stocks edge up on weaker yen, stalemate in U.S. stimulus talks weighs

12/08 Japanese stocks edged higher on Wednesday as some investors bought shares of major exporters on the back of a slightly weaker yen, although sentiment was cautious due to a stalemate in talks over additional. . .  Full story

China's steel body expects iron ore port congestion to ease by end of August

12/08 The China Iron and Steel Association (CISA) said on Tuesday that iron ore discharging difficulties and port congestion issues are likely to ease in mid- or late-August as the weather improves and the coronavirus is. . .  Full story

S.Korea July jobless rate falls for second month

12/08 South Korea's unemployment declined in July for a second month as business sentiment improved from the fallout of the coronavirus pandemic.. . .  Full story

Latest on worldwide coronavirus spread

11/08 More than 100,000 cases of C0VID-19 are being reported daily in the Americas, half of them in the United States, and there are worrisome spikes in countries that had outbreaks controlled, such as Argentina. . .  Full story

India's weak fuel demand drags on as virus crisis worsens

11/08 India's fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity.. . .  Full story

Container lines resume calls to Beirut as terminal restarts operations

11/08 Container lines have resumed calls to Beirut after last week's explosion, with the terminal having sustained only minor damage, leading companies said on Tuesday.. . .  Full story

Support for arrested owner drives Next Digital shares, watchdog urges caution

11/08 Hong Kong's markets watchdog urged investors to "exercise extreme caution" after shares of Next Digital Ltd rose more than 2,000% to a 12-year high, spurred by an online campaign for its detained owner media tycoon. . .  Full story

Indian craft brewer Bira talking to foreign beer makers about possible stake sale -CEO

11/08 India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on. . .  Full story

Egypt central bank seen holding interest rates steady

11/08 Egypt's Central Bank is likely to keep its main interest rates unchanged this week, even though inflation dropped to an eight-month low in July, a Reuters poll showed.. . .  Full story

Greece wants emergency EU ministers' meeting on Turkey tensions

11/08 Greece will request an emergency meeting of EU foreign affairs ministers over Turkey's decision to dispatch a seismic research vessel in a disputed area in the eastern Mediterranean, the prime minister's office said on Tuesday.. . .  Full story

Debt revamp proposal to prolong Indian banks' asset quality uncertainty -Fitch

11/08 A one-time debt restructuring allowed by India's central bank to help lenders and borrowers amid the COVID-19 pandemic will prolong uncertainty about the banking sector's asset quality, Fitch Ratings said on Tuesday.. . .  Full story

Floods, coronavirus dent India's tea output in first half of 2020

11/08 India's tea production in the first half of 2020 fell 26.4% from a year ago to 348.26 million kilograms (kg) as heavy floods and coronavirus movement restrictions curbed output in the main producing region,. . .  Full story

China's new bank loans fall more than expected but broad credit growth quickens

11/08 New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery.. . .  Full story

SoftBank touts Vision Fund gains, ditches operating profit as yardstick

11/08 SoftBank Group Corp broke with tradition on Tuesday and declined to disclose operating profit in its quarterly results, saying the measure was "not useful" to gauge performance, and instead pointed to a $2.8 billion gain. . .  Full story

Asia Distillates-Jet fuel cracks drop and cash discounts widen

11/08 Asian jet fuel refining margins dropped on Tuesday as aviation demand remained muted in the face of prolonged travel restrictions as coronavirus cases continue to climb across the region. Refining. . .  Full story

Lebanon's Blom Bank considers selling Egypt subsidiary

11/08 Lebanon's Blom Bank said on Tuesday it was looking to sell its subsidiary Blom Bank Egypt, and that the Egyptian central bank had given approval to begin the due diligence process.. . .  Full story

Hong Kong shares end higher as consumer stocks rally on strong China demand

11/08 Hong Kong stocks ended higher on Tuesday, led by strong gains for consumer firms, as they were expected to be less impacted by the Sino-U.S. tensions.. . .  Full story

China outstanding total social financing rises 12.9% y/y at end-July

11/08 China's outstanding total social financing (TSF) was 273.33 trillion yuan ($39.32 trillion) at the end of July, up 12.9% from a year earlier, the central bank said on Tuesday.. . .  Full story

Keppel shares tumble as Temasek scraps $3 bln bid after conglomerate's loss

11/08 Shares in Singapore's Keppel Corp fell 13% on Tuesday after Temasek Holdings abandoned its $3 billion offer for the conglomerate by invoking a material adverse change clause following the company's poor financial results.. . .  Full story

China stocks end lower as Sino-U.S. tensions weigh

11/08 China stocks ended lower on Tuesday, dragged down by tech firms, as worries over rising Sino-U.S. tensions weighed on investor sentiment.. . .  Full story

India air safety watchdog to check airports hit by heavy rain after crash

11/08 India's air safety regulator plans to conduct special audits of airports across the country affected by heavy rain, the watchdog's chief told Reuters, days after an air crash killed 18 people and raised questions. . .  Full story

OECD sees S.Korea growth to outperform all others this yr

11/08 South Korea will take the smallest hit to growth of any advanced economy this year after it was able to limit the spread of the coronavirus without imposing severe lockdowns, the OECD said on. . .  Full story

JGB yields rise across curve on U.S. stimulus hopes

11/08 Yields on Japanese government bonds rose across the curve on Tuesday, as hopes for additional U.S. economic stimulus boosted equities and reduced demand for safe-haven assets.. . .  Full story

Japan's service sector sentiment improves in July

11/08 Japan's service sector sentiment index rose in July, a Cabinet Office survey showed on Tuesday, showing some improvement in business confidence although concerns persist over the impact of the COVID-19 pandemic.. . .  Full story

Hong Kong stocks rise over 2% as consumer firms rally; China up

11/08 Hong Kong shares rose the most in more than a month on Tuesday, as investors scooped up consumer stocks reliant on demand from mainland China amid signs of a recovery in the world's second-largest. . .  Full story

India inflation likely edged up in July on higher food prices

11/08 India's retail inflation edged up slightly in July due to higher food prices, remaining firmly above the RBI's medium-term target of 4% for a 10th straight month, a Reuters poll showed.. . .  Full story

Indonesia retail sales contract in June but slower, c.bank says

11/08 Indonesia's retail sales fell 17.1% in June year-on-year, slowing from the previous month's contraction, a central bank survey showed on Tuesday.. . .  Full story

Singapore warns of slow recovery as virus slams Asia's exporters

11/08 Singapore's record recession was deeper than first thought in the second quarter, data showed on Tuesday, signalling a lengthy path to recovery as the coronavirus pandemic dealt a major blow to Asia's trade-reliant economies.. . .  Full story

China auto sales surge in July, log fourth straight month of gains

11/08 China's auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world's biggest vehicle market comes off lows hit during the country's coronavirus lockdown.. . .  Full story

China July passenger car sales +7.9% Y/Y - CPCA

11/08 CHINA'S AUTO INDUSTRY ASSOCIATION CPCA:. . .  Full story

Japan's current account surplus shrinks to 5-year low as exports plunge

11/08 Japan posted its smallest current account surplus in more than five years in June, Ministry of Finance data showed on Tuesday, mainly due to a slump in exports, highlighting the heavy hit to external. . .  Full story

Japan banks keep lending at record pace in July as pandemic pain persists

11/08 Japanese bank lending hit a record high in July as regional lenders continued to boost loans to small firms hit by the coronavirus pandemic, central bank data showed on Tuesday.. . .  Full story

S.Korea's Aug 1-10 exports dive as shipments to major trading partners drop

11/08 South Korean exports suffered a major decline in the first 10 days of August, as the coronavirus crisis continued to knock demand at its trading partners, the United States, Europe and China.. . .  Full story

EXCLUSIVE-Japan kept activist investor in limbo over key Toshiba vote, sources say

11/08 Activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp, was kept in limbo by Japan's government over a key shareholder vote until the day before the industrial conglomerate's annual meeting, two government sources. . .  Full story

Saudi Arabia's Aramco raises domestic gasoline prices for August

10/08 Saudi Arabia's oil giant Aramco will raise its domestic gasoline prices for August, state TV reported on Monday. . .  Full story

Lebanon’s power struggle – why a failing state can’t get the lights on

10/08 Surveying Beirut's shattered streets last week, in the aftermath of a massive explosion at the port that killed at least 158 people, French President Emmanuel Macron offered support to the people of Lebanon and delivered. . .  Full story