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Asia-Pacific News South and Southeast Asia

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  • MIAMI, Aug 26- A tropical storm watch was extended to the Dominican Republic and the Bahamas on Wednesday as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly on Wednesday and could reach hurricane status...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • MIAMI, Aug 26- Tropical storm warnings were in effect on Wednesday for Puerto Rico and the Virgin Islands as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly overnight and could reach hurricane status over...

  • *Gold down for third straight session. LONDON, Aug 26- Gold slipped 2 percent on Wednesday as the dollar gained and shares recouped some of their earlier losses, while investors kept a close eye on China's efforts to support its economy. Gold's losses also hurt sentiment in the more industrial precious metals.

  • JAKARTA, Aug 26- East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undeveloped gas fields look to remain unresolved for years. Even if an agreement can be reached with Woodside, the project could still be held up by a decades-long...

  • DUBAI, Aug 26- Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday. Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • *Gold down for 3rd straight session. *Palladium not far off 5- year trough. LONDON, Aug 26- Gold slipped on Wednesday, tracking losses in other markets as concerns remained about China's economic slowdown even after it eased monetary policy.

  • *European, U.S. stocks rally after China cuts rates. NEW YORK/ LONDON, Aug 25- Gold fell more than 1 percent on Tuesday after an interest rate cut from China helped global markets rebound from the previous day's rout, with stocks rallying and the dollar also gaining, while palladium sank more than 7 percent to a five-year low. Palladium saw the steepest losses by far in...

  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • UPDATE 10-Oil rebounds but still near 6-1/2-year lows Tuesday, 25 Aug 2015 | 12:10 PM ET

    *China cuts interest rates, helping global stock market rebound. NEW YORK, Aug 25- Oil rose more than 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/ 2- year lows. China cut interest rates on Tuesday and...

  • LONDON, Aug 25- Gold fell on Tuesday as global markets rebounded from the previous day's rout after China cut interest rates to stimulate its wavering economy, with European stocks rising 4.5 percent and the dollar up 1 percent versus the euro. Gold had edged lower on Monday, with some traders citing liquidation to cover losses on other markets, but largely held...

  • Toll's home orders up as housing gathers steam Tuesday, 25 Aug 2015 | 6:27 AM ET
    A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, said orders have risen 16 percent so far in the quarter started August, outpacing the 12 percent rise in the third quarter, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, forecast an average selling price of $745,000 to...

  • *Palladium down more than 7 pct to lowest since 2010. LONDON, Aug 25- Gold fell on Tuesday as global markets found some respite after the previous day's rout, with European stocks rising more than 3 percent and the dollar rebounding from a seven-month low versus the euro and the yen. Gold had edged lower on Monday, with some traders citing liquidation to cover losses...

  • DUBAI, Aug 25- Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's oil minister Bijan Zanganeh said on Tuesday. Iran and six world powers agreed a deal in July to curb Tehran's nuclear programme, but sanctions imposed in 2012 will not be lifted until Iran has...

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. U.S. homebuilders, including Toll...

  • Toll Brothers quarterly home orders rise 12 pct Tuesday, 25 Aug 2015 | 5:16 AM ET

    Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. The company's net income fell to...

  • DHAKA, Bangladesh— Bangladesh's High Court has imposed a six-month ban on the screening of a movie about a garment worker who was rescued from the rubble 17 days after a five-story factory complex collapsed more than two years ago, killing more than 1,000 people. The director, Nazrul Islam Khan, had earlier argued that the real-life story of Reshma Begum depicts...

  • *Nishida aimed to head Japan's business lobby. TOKYO, Aug 25- Tom Scott, a former U.S. executive at Toshiba Corp, remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. Now his, and other executives' management style is at the center of questions over...