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South and Southeast Asia

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  • Daniel Roderick, president and CEO of Toshiba- backed Westinghouse Electric Co, said a commitment by India to "channel" immediate costs arising from any nuclear accident to the plant operator marked an important step forward. But he said he was looking for more detail on a nuclear liability insurance pool that India has proposed that would involve a state...

  • Losses at state-owned Thai Airways swelled in the past two years as increased competition and years of mediocre management took their toll. The government was discussing steps to save Thai Airways from bankruptcy and has given an initial green light to a rehabilitation plan proposed by the carrier, Prayuth said after a meeting with the government's...

  • KABUL, Afghanistan— Afghanistan's fragile economy has lost around a third of its value in the past year as international aid organizations that poured in cash for more than a decade have drastically scaled back after Western forces effectively ended their 13- year war against the Taliban. Assuming power in September amid a continuing Taliban insurgency,...

  • KUALA LUMPUR, Jan 26- A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines, but the airline said its data servers remained intact and passenger bookings were not affected. "Malaysia Airlines assures customers and clients that its website was not hacked and this temporary glitch...

  • HONG KONG— Hackers defaced the website of Malaysia Airlines on Monday and threatened to dump stolen information online after posting a glimpse of customer data obtained in the attack. The airline's site was down for at least seven hours, replaced by a message from the Lizard Squad hacker group, before the company brought it back online by mid-afternoon in...

  • AirAsia scraps fuel surcharges as oil price plummets Monday, 26 Jan 2015 | 12:22 AM ET

    KUALA LUMPUR, Malaysia— Southeast Asia's biggest budget carrier AirAsia on Monday scrapped fuel surcharges on tickets following the decline in global oil prices. AirAsia said the move also applies to flights under its long-haul arm AirAsia X. AirAsia has dominated cheap travel in Southeast Asia for years but faces rising competition from the proliferation...

  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • NEW DELHI/ MUMBAI, Jan 26- India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The regulations announced by the central bank, the Reserve Bank of India, reflect a realization that traditional banks...

  • President Barack Obama unveiled a plan centred on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. "The India nuclear insurance pool is a risk transfer mechanism which is being formed by GIC Re and four other public sector undertakings in the general...

  • *United States sees India as counterweight to China. NEW DELHI, Jan 25- In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.

  • President Barack Obama and Indian Prime Minister Narendra Modi announced a breakthrough on nuclear trade on Sunday, a step that both sides hope will help establish an enduring strategic partnership. Signaling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day.

  • They ironed out differences over the liability of suppliers to India in the event of a nuclear accident and the United States dropped a demand to be able to track the whereabouts of material supplied to the country, TV news networks said. The White House declined to comment on the reports and the spokesman for India's Ministry of External Affairs said only "we...

  • Signalling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day. It was a remarkable spectacle given that, just a year ago, Modi was persona non grata in Washington and denied a visa to the United States. The White House declined to comment on the reports and the spokesman for...

  • NEW DELHI, Jan 25- Signalling his determination to take relations with the United States to a higher level, Indian Prime Minister Narendra Modi broke with protocol to meet and bear-hug U.S. Obama's visit is a fresh bid to make India an enduring strategic partner and he will seek to nurture friendship with a prime minister who a year ago was persona non grata in...

  • ISLAMABAD— A massive blackout struck Pakistan early Sunday, leaving as much as 80 percent of the country without electricity at its height as officials rushed to restore power. A militant attack on a transmission tower in the southwestern Baluchistan province caused the blackout, said Zafaryab Khan, a spokesman for the Ministry of Water and Power.

  • NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama landed in New Delhi on Sunday for a highly symbolic visit and to nurture friendship with a prime minister who a year ago was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's assertiveness in...

  • Unlikely buddies Obama and Modi aim high on India trip Saturday, 24 Jan 2015 | 1:59 PM ET

    NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's...

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Obama heading to India, hoping to improve ties Friday, 23 Jan 2015 | 2:45 PM ET

    Yet the White House says it still was caught off guard when Modi invited Obama to be the first American president to attend India's annual Republic Day festivities, which mark the day in 1950 that the country's constitution came into force. "There's a great affinity between the United States and India and our people, but there's also a history that is complicated...

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...