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Asia-Pacific News South and Southeast Asia

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  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude...

  • WASHINGTON— Republican presidential contender Jeb Bush earned more than $9 million over the last 17 months from speaking fees and an assortment of business interests, including a health services firm in Puerto Rico and an online lending operation, according to newly released financial records. He also owns a variety of real estate interests stretching from...

  • Platinum, palladium fall on oversupply, weak China demand. NEW YORK/ LONDON, Aug 4- Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Gold prices fell from their highs after Atlanta Federal Reserve President Dennis Lockhart said it would take "significant deterioration" in the U.S. economy for him to not support a...

  • TEHRAN, Iran— An Iranian government official said Tuesday the Islamic Republic will allow some BBC journalists to report there for a week's time, loosening restrictions on a news organization often vilified in local media amid signs of warming diplomatic ties to Britain. The BBC said it had no word from the Iranian government on the decision, though one of its...

  • *Platinum, palladium fall on oversupply, weak China demand. LONDON, Aug 4- Gold rose on Tuesday as the dollar weakened after soft U.S. economic data, while platinum and palladium hit multi-year lows on oversupply and sluggish autocatalysts demand. Platinum dipped to its lowest since January 2009 at $940.50 an ounce, while palladium hit a near three-year low of...

  • *India may raise Iran oil imports if sanctions lifted. NEW DELHI, Aug 4- India's oil imports from Iran rose 2.4 percent in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost its exports in return for curbing its disputed nuclear programme. July volumes were the lowest since India took no oil from Iran in...

  • Speaking in Singapore, Kerry said the so-called " Trans Pacific Partnership" would benefit the people of all nations involved and serve as a model for responsible global industry and commerce. His address at Singapore Management University comes just days after trade ministers failed to bridge final gaps and seal the accord at talks in Hawaii.

  • Secretary of State John Kerry is in Singapore to talk up an Asia trade agreement that has hit snags in final negotiations. He will then travel to Malaysia for a regional security forum at which China's growing assertiveness in the South China Sea will likely be a major focus. In Singapore, Kerry will stress the importance of trade in the Obama administration's...

  • NEW YORK/ LONDON, Aug 3- Gold dropped on Monday, after falling by the most in two years in July, as the dollar rose and investors monitored U.S. economic indicators for clues on the timing of a hike in U.S. interest rates. Spot gold was down 0.9 percent at $1,086.06 an ounce by 3:02 p.m. EDT. The metal hit a low of $1,077 on July 24, its weakest in 5-1/ 2 years.

  • KUALA LUMPUR, Malaysia— Malaysia's anti-corruption agency said Monday that $700 million in Prime Minister Najib Razak's personal bank accounts came from donations, not from a debt-ridden state investment fund. The Malaysian Anti-Corruption Commission effectively cleared Najib of any criminal wrongdoing. In early July, The Wall Street Journal reported...

  • *Deal to mark Alibaba's first direct investment in India. BEIJING, Aug 3- Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China's Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. Snapdeal, Japan's SoftBank, Alibaba and Foxconn declined comment.

  • NEW DELHI— India has ordered Internet service providers to block access to more than 850 adult websites in what the government has described as a way to protect social decency. N.N. Kaul, a spokesman for India's department of telecom, said Monday that the government was trying to control easy access to pornography following a directive from the country's top...

  • LONDON, Aug 3- Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied ahead of U.S. economic indicators that could bolster expectations for a hike in U.S. interest rates soon. Spot gold was down 0.3 percent at $1,093 an ounce by 0928 GMT. Gold's rout deepened last month as the dollar strengthened after comments by the Federal...

  • Experts aim to determine whether the part comes from the plane, which disappeared on March 8, 2014, en route from Kuala Lumpur to Beijing with 239 people on board. The fragment was found on the French Indian Ocean island of Reunion and returned to the French mainland last week. Before the part arrived in France, investigators had a high-degree of confidence that...

  • BEIJING, Aug 3- Indian online marketplace Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday. Alibaba and Foxconn declined to comment. Alibaba affiliate Ant Financial Services Group in February...

  • HANOI, Aug 3- Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers and buyers snapping up new projects fast. "I can sell about three to five units per month now, much better than before, when I could only sell the same in the...

  • A new piece of debris, meanwhile, found on Sunday on the French island of Reunion in the western Indian Ocean turned out to be a "domestic ladder," and doesn't belong to a plane, Malaysian Director General of Civil Aviation Azharuddin Abdul Rahman told The Associated Press amid media reports that a new plane part was found. Malaysian government officials will ask...

  • DUBAI, Aug 2- Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. "Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet," said Mohammad...

  • Uber faces the 'last 1bn person market' left Sunday, 2 Aug 2015 | 2:14 AM ET
    A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.

  • July 31- Boeing Co said on Friday it will dispatch a team to assist in analyzing plane debris found on Reunion Island in the Indian Ocean. Malaysia is "almost certain" that the debris found on the island is from a Boeing 777, the deputy transport minister said on Thursday, heightening the possibility it could be wreckage from missing Flight MH370.