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Asia-Pacific News South and Southeast Asia

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  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • *Weakness in India's services sector drags growth. While doubts still persist over India's new way of calculating GDP, even though the method gained an endorsement from the World Bank's chief economist, there is no denying the fact that the economy is still struggling to gather steam. "There's a lot of emphasis that's being put on the opportunities that lie ahead...

  • *Gold eyes monthly gain, rebounding from 5-1/ 2- year low. LONDON, Aug 31- Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while U.S. gold...

  • BANGKOK, Aug 31- Thailand's private consumption and investment slipped in July, central bank data showed on Monday, adding to the pessimism over weak exports that suggests a still fragile economic recovery. Southeast Asia's second-largest economy is struggling to recover after an army coup in May 2014 ended months of street protests with exports...

  • AHMEDABAD, India, Aug 31- A sword-wielding 22- year-old activist has emerged overnight as the most pressing political threat to Narendra Modi, accusing the Indian prime minister of breaking a promise to provide jobs that helped him win last year's general election. Hardik Patel, by his own admission, scraped through college and failed to land a steady job.

  • BEIJING— Global stocks mostly fell on Monday after a U.S. KEEPING SCORE: In Europe, France's CAC-40 fell 0.6 percent to 4,647.27 and Germany's DAX lost 0.5 percent to 10,245.92. The U.K. was closed for a holiday.

  • Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled just over 1 million barrels per day last month, down 1.3 percent from a year earlier, government and tanker-tracking data showed. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear programme in return for the removal of U.S.,...

  • THAI POLICE ISSUE ARREST WARRANT FOR FOREIGN MALE SUSPECT- SPOKESMAN.

  • THAI POLICE ISSUE ARREST WARRANT FOR FEMALE SUSPECT AFTER RAID FINDS BOMB-MAKING MATERIALS- SPOKESMAN.

  • In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be. But for Agustin Carstens, the top central banker in Mexico, a rate...

  • Indian economy offers hope as China struggles Sunday, 30 Aug 2015 | 5:00 PM ET

    NEW DELHI, Aug 31- For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday- the country is expected to remain the fastest growing major economy for a second straight quarter. But doubts persist over India's new way of calculating GDP, introduced early this year, even...

  • BANGKOK, Aug 30- Police probing Thailand's deadliest bombing raided a second location and widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found at a Bangkok apartment block. The bombing killed 20 people and stunned Thailand. Fourteen foreigners, seven from mainland China...

  • BANGKOK, Aug 30- The evidence seized by police investigating Thailand's deadliest bombing includes an apparently damning trove of explosives, fertiliser, and piles of fake passports, but the shabby-looking foreigner they arrested on Saturday remains a mystery. There has been no word of his nationality, affiliation or whether the evidence seized in a shabby...

  • *The Aug. 17 bomb in Bangkok killed 20 people. BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a foreign man on Saturday they said fitted the description of a suspect seen leaving a rucksack at the site of the Bangkok blast nearly two weeks ago. Among the dead were 14 foreigners, including seven from mainland China and...

  • BANGKOK, Aug 29- A suspect arrested in Thailand's capital on Saturday in connection with a bombing that killed 20 in Bangkok 12 days ago was a foreign national, a police spokesman said. Several television channels showed an image of a passport they said was found at the apartment in the northern Bangkok suburb where the man was arrested during a police raid.

  • BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a suspect on Saturday they said fitted the description of a man seen on security cameras leaving a rucksack at the site of the Aug. 17 Bangkok blast. Police raided an apartment in a northern suburb of the capital on Saturday afternoon and discovered possible...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.

  • *Gold down nearly 3 pct this week. LONDON, Aug 28- Gold edged up on Friday but was still on track to post its biggest weekly drop in five as strong U.S. economic data supported the case for a near-term increase in interest rates. "The big question for next week is whether the anxiety that crept into the market on August 10 when China devalued its currency is going to...

  • BANGKOK, Aug 28- Thai factory output fell less than expected in July on strong growth in the auto sector, but a fifth month of persistently weak production will be a challenge for the new economic team tasked with revitalising Thailand's economy. With exports and domestic demand sluggish, Southeast Asia's second-largest economy has failed to emerge from a...