Asia-Pacific News South and Southeast Asia

  • MUMBAI/ HONG KONG, Sept 29- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said, as the world's biggest retailer aims to break into a fast growing but highly competitive online retail market. Wal-Mart operates 21 wholesale stores in the South Asian country, but is discouraged...

  • *India attacks on suspected militants in Pakistan hits shares. India's NSE hits one-mth low; Pakistan's 100- share index falls. MUMBAI/ ISLAMABAD, Sept 29- Share markets in India and Pakistan fell on Thursday after India said it had conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan- ruled Kashmir, escalating tensions...

  • LONDON, Sept 29- Emerging stocks rose 0.6 percent on Thursday, led by energy-heavy Gulf and Russian bourses, though Saudi markets lagged and Indian assets sold off after New Delhi said it launched a strike on suspected militants based in Pakistan. The market was also rattled by a U.S. Congress vote to overturn a presidential veto of a law that would allow victims of...

  • An Indian army soldier stands guard near an army brigade headquarters near the border with Pakistan, known as the Line of Control (LoC), in Uri on September 18, 2016.

    India said it has conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan-ruled Kashmir.

  • *Oil company shares lift global stocks after OPEC deal. *India stocks, rupee fall on strikes on militants in Pakistan- controlled Kashmir. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.

  • *OPEC deal can shock emerging markets accustomed to low prices. SINGAPORE/ SEOUL, Sept 29- Oil buyers from China to India remained cautious as they await details of OPEC's agreement to cut production for the first time since 2008 in order to reduce a global oversupply of crude. The group will decide how much each country will produce at the next formal OPEC meeting...

  • An employee restocks a shelf in the grocery section of a Wal-Mart Supercenter

    Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said.

  • Wal-Mart operates 21 wholesale stores in the South Asian country, but is discouraged from setting up its own bricks-and-mortar shops by rules that limit foreign ownership for multi-brand retailers to 51 percent and the cost of setting up shops in a country as large as India. For Flipkart, a cash infusion from Wal-Mart would come in handy at a time when funding...

  • MEXICO CITY- Central Bank of Mexico monetary policy statement PRAGUE- Czech National Bank monetary policy meeting- 1100 GMT TAIPEI- Central Bank of the Republic of Taiwan interest rate decision- 0900 GMT ANKARA- Central Bank of the Republic of Turkey to publish the minutes of September policy meeting- 1100 GMT CHISINAU- National Bank of Moldova interest rate...

  • *Medak in southern India is major center for cheap antibiotics. Now, even the poorest villagers here in India's baking south point to the barren banks and frothy water and say they avoid going anywhere near it. A short drive from the bustling tech hub of Hyderabad, Medak is the heart of India's antibiotics manufacturing business: a district of about 2.5 million...

  • BERLIN, Sept 28- The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp jets to Bahrain, sources familiar with the decision said. The sales had been pending for more than two years amid concerns raised by Israel,...

  • *OPEC will limit output at 32.5-33.0 million bpd. *To seek non- OPEC support once output reduced. ALGIERS, Sept 28- OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • LONDON, Sept 28- Tin hit its highest price since January last year on Wednesday after inventories dwindled while nickel struggled to advance as investors assessed the likely impact of mine suspensions in top ore exporter the Philippines. Falling shipments from leading tin exporter Indonesia and question marks over whether a surge in mining in Myanmar can be...

  • VIENNA, Sept 28- Austria agreed on Wednesday to significantly increase its export guarantees for deals with Iran during a visit by the Islamic Republic's central bank chief, two people familiar with the matter said. It will raise the total amount of guarantees that Oesterreichische Kontrollbank, the body responsible, can provide to roughly 1 billion euros...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has said it would reduce output to ease the global glut only if...

  • TOKYO— Japanese Prime Minister Shinzo Abe used a meeting with his Singaporean counterpart on Wednesday to promote Japan's Shinkansen "bullet" train technology for use in a planned high-speed railway linking Singapore and Malaysia. Japan is bidding for a planned railway linking Singapore and the Malaysian capital of Kuala Lumpur. Abe told Lee that he has high...

  • KUALA LUMPUR, Malaysia— Japanese automaker Honda said Wednesday a Takata air bag ruptured in a crash in Malaysia which killed the driver, in the fifth such case in the country. In November last year, a pregnant woman was killed in Malaysia after a collision activated the air bag in her Honda. Honda also confirmed three other deaths in Malaysia linked to air bag...

  • Singapore faces difficulty maintaining good China ties

    The city-state is trying to remain on good terms with both ASEAN and Beijing amid tensions over the South China Sea dispute

  • HONG KONG/ MUMBAI, Sept 28- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market. He added Wal-Mart and Flipkart were also contemplating a collaboration that would see them leverage...