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  • 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...

  • SINGAPORE/ NEW DELHI, May 22- China-backed Asia Infrastructure Investment Bank on Friday set an ambitious target to become operational by the end of the year after a three-day meeting of prospective founding member nations in Singapore. Delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the...

  • May 22- China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said on Friday. China's share in the $100 billion lender will be less than 30 percent, an Asian delegate attending the meeting in Singapore told...

  • But move would be good for rice exporters Thailand, Vietnam. JAKARTA, May 21- Indonesia's president could be forced to backtrack on promises to curb rice imports, with analysts saying the country may ship in as much as 1.6 million tonnes of the staple grain this year due to soaring prices at home and the threat of a strong El Nino. "Sometimes Indonesia's policy isn't...

  • Why Asia's first Nobu Hotel is in Manila   Monday, 18 May 2015 | 7:20 PM ET
    Why Asia's first Nobu Hotel is in Manila

    CNBC's Susan Li speaks to Robert de Niro and his business partners about why they chose to open Asia's first Nobu Hotel in the Philippines.

  • When will City of Dreams Manila be profitable?   Monday, 18 May 2015 | 6:19 PM ET
    When will City of Dreams Manila be profitable?

    Lawrence Ho, CEO and chairman of Melco International and James Packer, chairman of Crown Resorts, outline their expectations for when the City of Dreams Manila could become profitable.

  • MANILA, Philippines— Robert de Niro and his business partners formally opened Asia's first Nobu Hotel in Manila on Monday as the luxury brand gears up for global expansion. De Niro and his Nobu Hospitality partners, renowned chef Nobu Matsuhisa and Hollywood producer Meir Teper, led the ribbon cutting with Australian billionaire James Packer and Macau tycoon...

  • MANILA, Philippines— A factory where a fire killed 72 people violated employment laws, the Philippines' top labor official said Friday, as more witness reports emerged about the victims being trapped behind iron grill bars shouting for help. At least 104 workers at the Kentex Manufacturing Corp. were recruited by an illegal sub-contractor, Labor Secretary...

  • KUALA, LUMPUR, May 15- Malaysia's economy posted 5.6 percent growth in the first quarter, beating forecasts and just a tad slower than the previous quarter, as it showed resilience in the face of weak global prices for energy and commodity exports. After releasing the data, Bank Negara Malaysia's Governor Zeti Akhtar Aziz said the Southeast Asian economy was...

  • A Philippine cove once opposed a major naval base, fearing it would bring bars and brothels, but fear of China means locals now approve.

  • Fire at footwear factory in Philippines   Thursday, 14 May 2015 | 7:00 AM ET
    Fire at footwear factory in Philippines

    A slipper factory fire in the Philippines killed at least 72 people. CNBC's Courtney Reagan reports.

  • MANILA, Philippines— Police will open a criminal investigation into a Philippine factory fire that killed at least 72 workers who became trapped in the building's second floor, where iron grills on windows prevented their escape, a victims' relative said Thursday. All bodies were believed to have been retrieved from the gutted two-story Kentex Manufacturing...

  • Death toll in Philippine slipper factory fire rises to 45 Wednesday, 13 May 2015 | 5:29 AM ET

    MANILA, Philippines— A fire gutted a rubber slipper factory in a suburb of the Philippine capital Wednesday, possibly killing dozens of workers who ran to the second floor in hopes of escaping only to become trapped by the smoky inferno, officials said. At least three bodies have been recovered and fire officials found no survivors after the fire was put under...

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • *Japan, Australia forecasters announce arrival of El Nino. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • DIARY- Emerging Markets Economic Events to May 25 Monday, 11 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • *Markets eyeing Japan, Australia forecast on Tuesday. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • BAKU, May 2- The Asian Development Bank said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars. China has said 57 countries have signed up to become founding members of the AIIB, but so far the United...