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South and Southeast Asia

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  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and to other long-term nuclear limitations. Iran, which is has been under sanctions for years, has a long history of illicit nuclear procurement using front...

  • *Teenager pulled alive from Kathmandu rubble. KATHMANDU, April 30- Hundreds cheered as rescuers toiling amid rubble left by Nepal's earthquake pulled a boy and a woman to safety on Thursday after they had been trapped for five days. Officials said the chances of finding more survivors were fading as the death toll reached 5,858. But Nepal's Armed Police Force...

  • *Teenager pulled alive from Kathmandu rubble. Officials said the chances of finding more survivors were fading as the death toll exceeded 5,500. But Nepal's Armed Police Force managed to save 15- year-old Pema Lama from the collapsed ruins of Kathmandu's Hilton Hotel. From an army helicopter flying from Chautara, northeast of Kathmandu, towards the Tibet...

  • ISLAMABAD, April 30- Pakistan plans to install new gas import terminals and pipelines to underpin an economic revival linked to $46 billion in Chinese deals, but its ambitions are being undermined by poor planning, price uncertainty and security concerns, industry experts said. Pakistan has shale gas reserves of 105 trillion cubic feet, the U.S. Energy...

  • BANGKOK, April 30- Thailand's central bank unveiled measures on Thursday to encourage more capital outflows to rein in the strong baht, a move it hopes will spur the country's ailing exports and boost the trade-dependent economy. Thailand is treading carefully after imposing tough capital controls in late 2006 that spooked markets and were quickly aborted.

  • *Teenager pulled alive from Kathmandu rubble. KATHMANDU, April 30- Rescue teams toiling amid rubble left by Nepal's devastating earthquake pulled a teenage boy to safety on Thursday after he had been trapped for five days, a rare moment of joy for a country struggling to cope with the aftermath. But Nepal's Armed Police Force managed to save 15- year-old Pema Lama...

  • Teenager rescued five days after Nepal quake Thursday, 30 Apr 2015 | 4:28 AM ET

    KATHMANDU, April 30- A 15- year-old boy was pulled out alive from the collapsed ruins of Kathmandu's Hilton Hotel on Thursday, five days after a huge earthquake caused devastation across Nepal and killed nearly 5,500 people. Survivor Pema Lama was rescued by Nepal's Armed Police Force and carried on a stretcher and in a neck brace to a waiting ambulance.

  • KATHMANDU, April 30- Nepali farmer Rishi Ram Khanal was looking forward to leaving Nepal for Dubai, where a $220- a-month job as a cleaner at a Kentucky Fried Chicken restaurant promised him the chance to pull his young family out of a life of poverty. Khanal found himself buried under the debris of a five-storey Kathmandu guest house, pinned to the ground by fallen...

  • In mere seconds a powerful earthquake devastated a swathe of Nepal. "I don't know when it would be realistic for tourists to again visit Nepal." Biswas forecasts the cost of reconstruction could exceed $5 billion or about 20 percent of Nepal's economy.

  • TOKYO, April 30- Asian imports of Iranian crude fell 9.2 percent in March from a year ago as India bought no oil from the sanctions-hit country for the first time in at least a decade under U.S. pressure, offsetting a jump in purchases by Japan and South Korea. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.04 million barrels per...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...

  • KATHMANDU, April 30- Rescue teams toiled in pouring rain on Thursday in the debris left by last week's devastating earthquake in Nepal, but officials said the chances of finding any more survivors was bleak as the death toll neared 5,500.. While rescue teams were out in the capital Kathmandu despite the rain, helicopters could not fly to the worst-hit areas in the...

  • SYDNEY, April 30- A Brazilian man executed in Indonesia for drug trafficking who was diagnosed with schizophrenia and bipolar disorder did not understand what was happening to him until his final moments, a priest assigned as his spiritual adviser told Australia's ABC radio on Thursday. Brazil had made repeated personal pleas for Indonesia to commute his...

  • SEOUL, April 30- U.S. crude futures held around $58.50 a barrel on Thursday, near their highest this year as U.S. crude stockpiles grew less than expected after the first decline since November in stocks at the main U.S. delivery hub. *Brent crude futures, the more widely-used benchmark, shed 39 cents to $65.45, after finishing up $1.20 at $65.84 in a session that saw...

  • *China's Avic forecast to become world's biggest drone maker. While its technology lags the United States and Israel, the biggest vendors of unmanned aerial vehicles, China is attracting a growing list of foreign buyers including Nigeria, Pakistan and Egypt. Market researcher Forecast International pegged the value of production for military drones...

  • KATHMANDU/ SINDHUPALCHOWK, Nepal April 29- Nepali villagers blocked trucks carrying supplies for earthquake victims on Wednesday, demanding the government do more to help after last week's disaster left more than 5,000 people dead and tens of thousands homeless and short of food and water. In the capital Kathmandu, about 200 people protested outside...

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...

  • Iran scraps cash handouts to its wealthiest to ease burden Wednesday, 29 Apr 2015 | 10:25 AM ET

    TEHRAN, Iran— Iran has scrapped the country's wealthiest citizens off a list of people receiving monthly cash handouts in a small step toward easing the burden on the budget and freeing up more government funds, an official said Wednesday. That deal, expected to be finalized by the end of June, is meant to ensure that Iran cannot make a nuclear weapon in return for...

  • BANGKOK, April 29- Thailand's central bank surprised markets by cutting its key policy rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy. The central bank also announced it would relax curbs on capital movements out of Thailand at a news conference on Thursday, a move aimed at reducing the baht's...