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Asia-Pacific News South and Southeast Asia

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 percent on-year to S$739 million.

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • NEW YORK— Mark Zuckerberg's long-term vision for Facebook, laid out in a sweeping manifesto, sometimes sounds more like a utopian social guide than a business plan. Yet now, across the world there are people left behind by globalization, and movements for withdrawing from global connection, "Zuckerberg, who founded Facebook in a Harvard dorm room in 2004, wrote in...

  • LONDON, Feb 16- Iranian steel imports have become the latest threat to European steelmakers, their trade group said on Thursday, after imports from Iran rose by nearly eight times between 2013 and 2016.. Steel lobby group Eurofer said on Thursday that Iranian exports to Europe had leapt to just over 1 million tonnes annually, putting the country just behind India...

  • DHAKA, Bangladesh— An international human rights group has accused Bangladesh authorities of harassing and intimidating garment worker leaders and rights activists, saying 34 of them have been arrested since December on charges it alleged were politically motivated. New York- based Human Rights Watch said in a statement Wednesday that the authorities...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • Marc Faber

    Trump’s protectionism will be good for Asia, pushing the region’s markets up, said Marc Faber, publisher of the Gloom, Boom & Doom report.

  • CAIRO- Central Bank of Egypt monetary policy committee meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland monetary policy council meeting.

  • *Iran could need more iron ore to reach its goal. LONDON, Feb 15- Iran aims to export 20 to 25 million tonnes of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tonnes. The Iranian Mines and Mining Industries Development and Renovation Organisation, in the statement published on its website, quoted a member of...

  • BENGALURU, India Feb 15- India and Russia are nearing a joint venture to make light helicopters in India, reviving a plan announced by Russian President Vladimir Putin in 2015.. While India has sealed deals with the United States for 22 Apache attack and 15 heavy lift Chinook helicopters at total cost of about $2.5 billion, plans to buy Russian helicopters and...

  • DUBAI, Feb 15- Iran's oil minister has criticised French oil company Total for its decision to delay signing a contract to develop a gas field in southern Iran, saying that the reasons given by Total's chief executive were "unacceptable" to Tehran. Total was the first Western energy company to sign a major deal with Tehran since the lifting of international...

  • MANILA, Philippines— The Philippine government is considering adding airports to serve the capital Manila and nearby areas, including a sprawling airport city complex that could handle 100 million passengers a year, officials said Wednesday. Transport Undersecretary Roberto Lim said a multi-airport system could include the present airport in Manila, an...

  • The Indian Space Research Organization said the nano satellites— those weighing less than 10 kilograms— were sent into orbit from southern India. The ISRO said in a statement that the other satellites were international customer satellites, including 96 from the United States and one each from the Netherlands, Switzerland, Israel, Kazakhstan and the United...

  • Jakarta governor Basuki Tjahaja Purnama at his final campaign rally in Jakarta on February 11, 2017.

    Jakarta will choose a new governor on Wednesday in a fevered election marked by religious tensions.

  • BANGKOK- Bank of Thailand Governor Veerathai Santiprabhob and National Economic and Social Development Board head, Porametee Vimolsiri, to speak about the Thai economy- 0600 GMT. CAIRO- Central Bank of Egypt monetary policy committee meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum-...

  • MUMBAI, Feb 14- Sun Pharmaceutical Industries, India's largest drugmaker, reported its first fall in quarterly profits in a year on Tuesday, as pricing issues and supply constraints affected sales in the United States, its largest market. Sun's U.S. business faces increasing uncertainty as it struggles to fix quality control problems found by regulators at its...

  • *Q3 consolidated net profit 1.12 bln rupees vs f'cast 22.48 bln. MUMBAI, Feb 14- India's Tata Motors has reported a worse than expected 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its British luxury carmaker Jaguar Land Rover and losses in its domestic business. Consolidated net profit for the three months to Dec. 31 fell to...