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South and Southeast Asia

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  • HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...

  • May 26- A Connecticut venture capital executive accused of insider trading and of cheating his clients out of tens of millions of dollars has fled the country, the U.S. Securities and Exchange Commission said. Iftikar Ahmed, a former general partner at Oak Investment Partners, left the United States some time before May 18 in violation of a judge's order in the...

  • NEW DELHI— Four months after becoming prime minister, Narendra Modi stunned Indians by picking up a crude straw broom and, holding it like a dance partner, gently sweeping at a small pile of green leaves on a New Delhi street. As he passes one year in office, India is as filthy as it ever was with some of the world's most polluted air, rivers stinking with sewage and more...

  • Jason Rezaian, the Post's 39- year-old bureau chief in Tehran, is being tried in a Revolutionary Court on allegations of "espionage for the hostile government of the United States" and propaganda against the Islamic Republic, Iran's official IRNA news agency reported. Rezaian's brother, Ali Rezaian, later told The Associated Press in Washington that the...

  • COLUMN-LME zinc bulls get fooled again: Andy Home Tuesday, 26 May 2015 | 1:32 AM ET

    SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...

  • Much of this equipment is likely to be used in and around the South China Sea, where Beijing's creation of artificial islands has alarmed some Asian countries and stoked tension between China's navy and the U.S. air force. The Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims. The interest in beefing up maritime capabilities was...

  • DHAKA, May 25- An IT manager at a subsidiary of Coca-Cola Co was one of two men arrested in Bangladesh on suspicion of planning to fight for Islamic State in Syria, police and company sources said on Monday. The pair were detained during a raid in the capital Dhaka on Sunday night, said Sheik Nazmul Alam, a senior official of the police detective branch.

  • CALGARY, Alberta, May 25- Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia...

  • JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...

  • LONDON, May 25- Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia and...

  • Global stocks mostly higher in quiet trading day Monday, 25 May 2015 | 4:49 AM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. London and Frankfurt were closed for holidays. Wall Street is closed Monday for Memorial Day.

  • TEHRAN, Iran— Iran will raise gasoline prices by some 40 percent beginning Tuesday, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some $32 billion a year. Iran, an OPEC member, consumes 70 million liters of gasoline daily, with some 10 percent refined and imported from abroad.

  • Asian stock markets mostly higher in quiet trading day Sunday, 24 May 2015 | 11:29 PM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. Singapore, Manila and New Zealand also rose. GREECE DEBT: Greece's ruling Radical Left Coalition rejected a call by party hardliners to skip its next payment to the International Monetary Fund.

  • MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewellery demand could drop by 30 percent in the second half due to fewer...

  • APEC trade chiefs vow to speed up work in WTO Sunday, 24 May 2015 | 7:32 AM ET

    MANILA, Philippines— Trade ministers from 21 Asia-Pacific countries on Sunday issued strong support to the World Trade Organization's efforts to boost global trade amid a flurry of regional free trade agreements. The FTAAP goal is being pursued as talks for the Trans-Pacific Partnership free trade initiative of 12 countries— including the United States,...

  • Fall-off in Indian weddings bodes ill for jewelers, gold Saturday, 23 May 2015 | 10:00 PM ET

    MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...

  • MANILA, Philippines— The Philippines' top trade official on Saturday called for support for the integration of micro, small and medium enterprises in global trade, which he said would help reduce poverty and inequality in the Asia-Pacific region. Manila is pushing for greater support for the integration into the global trade and value chain of MSMEs, which...

  • *No discount if oil prices average $60/ bbl in June qtr. NEW DELHI, May 22- India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company. Currently ONGC, Oil India and GAIL sell crude and fuels like...

  • May 22- EU Medicines Agency:. *EU Medicines Agency recommendations for May 2015. *Recommends approval of cholesterol drug Repatha from Amgen Inc.

  • SINGAPORE, May 22- China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations. No details of the ownership structure were disclosed, but delegates told Reuters that China would likely...