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  • BANGKOK— Thailand is facing bans on new international flights and increased inspections after the International Civil Aviation Organization flagged significant concerns about the country's aviation safety, officials said Friday. Japan has blocked new flights from Thailand following the ICAO decision and South Korea is considering similar measures,...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China has set March 31 as the deadline for joining the bank as a founder member, which will be capitalized at an initial $50 billion to provide...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China is South Korea's biggest trading partner and the two countries are set to sign a free trade agreement in the first half of this year.

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against the Iran- backed...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. Pakistan, a Riyadh ally far away from the conflict, promised a "...

  • *Iran says halt "aggressions"; security up at Kuwait oil sites. NEW YORK, March 26- Oil prices rallied for a second straight day on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, sparking fears of a bigger Middle East battle that could disrupt world crude supplies. The military operation against Houthi rebels, who have driven the...

  • March 26- Saudi Arabia announced on Wednesday it had launched military operations in Yemen, carrying out air strikes in coordination with a 10- country coalition seeking to beat back Houthi militia forces besieging the southern city of Aden where the country's president had taken refuge. The crisis risks spiraling into a proxy war with Shi'ite Iran backing...

  • UPDATE 1-Oil prices surge after Saudi air strikes in Yemen Wednesday, 25 Mar 2015 | 10:19 PM ET

    *War-torn Yemen sits on the Gulf of Aden. *Tankers to Asia do not pass through Gulf of Aden. TOKYO/ SINGAPORE, March 26- Brent crude oil prices rose by more than a dollar in early Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply...

  • March 26- Saudi Arabia announced on Wednesday it had launched military operations in Yemen, carrying out air strikes in coordination with a 10- country coalition seeking to beat back Houthi militia forces besieging the southern city of Aden where the country's president had taken refuge. The crisis risks spiraling into a proxy war with Shi'ite Iran backing...

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • TOKYO/ SYDNEY, March 20- Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank while Japan's finance minister signaled cautious approval of the institution that the United States has warned against. Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB.

  • TOKYO/ SYDNEY, March 20,- Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank while Japan's foreign minister signalled cautious approval of the institution that the United States has warned against. Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB.

  • Global stocks rebound after Wall Street slide Friday, 20 Mar 2015 | 4:57 AM ET

    BEIJING— Stock markets in Asia and Europe were mostly higher Friday after a slide in oil prices drove a Wall Street decline. KEEPING SCORE: In early trading, Germany's DAX added 0.4 percent to 11,950.11 points and France's CAC-40 rose 0.1 percent to 5,041.82. Benchmarks in Sydney, New Zealand and Singapore also rose.

  • TOKYO/ SYDNEY, March 20,- Japan signalled cautious approval of the China-led Asian Infrastructure Investment Bank on Friday and said for the first time that, if conditions were met, it could join the institution that the United States has warned against. Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB.

  • With cross-border tensions exacerbated by pro-democracy Hong Kong protests, tour groups visiting Hong Kong from China plunged about 80 percent in early March. While daytrippers from just outside Hong Kong continue to buy daily essentials there, Chinese travellers with cash to burn are homing in on places like South Korea and Japan. That's bad news for Hong...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • They are not well known in America or Europe but owner Line Corp. hopes to change that. It has already opened two stores in Seoul and its first Shanghai and New York stores will open this year. It will also give the company a backdoor into China, where Line is blocked along with other foreign messaging apps and social media sites.

  • SEOUL, March 19- South Korea will decide by the end of this month on whether it will join the China-backed Asian Infrastructure Investment Bank, Finance Minister Choi Kyung- hwan said on Thursday. More than 20 countries including Germany, Britain and India have decided to participate in the bank, while South Korean officials have remained tight-lipped in recent...

  • March 18-- Last month the board of the International Organization of Securities Commissions met in Seoul to discuss a number of agenda items, including safeguards for central counterparties, or CCPs. IOSCO- as the name suggests- is the international forum and standard setter for market regulators such as the Commodity Futures Trading Commission, upon which I...

  • BERLIN/ WASHINGTON, March 17 (Reuters)- The United States urged countries on Tuesday to think twice about signing up to a new China- led Asian development bank that Washington sees as a rival to the World Bank after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijing's flagship economic...