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Asia-Pacific News South and Southeast Asia

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • American palates are evolving

    A new report shows that consumers are craving a more robust diet packed with diverse foods.

  • *Talks on raising fresh funds from China not successful-sources. HONG KONG/ MUMBAI, March 23- Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct knowledge of the matter said. "Snapdeal has been...

  • North Korean leader Kim Jong Un gives field guidance at the Sci-Tech Complex, in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang October 28, 2015.

    Prosecutors are building cases that would accuse North Korea of directing the theft of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York.

  • MUMBAI, March 23- India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to heads of lenders seen by Reuters on Thursday. The cash would be deposited with the Reserve Bank of India, and revives a proposal issued by the central bank in 2014 as...

  • HANOI, Vietnam— Vietnam and Singapore have signed several business agreements as the island state seeks to boost investment and trade with the communist country during a visit by Prime Minister Lee Hsien Loong. "With more intensive business links and with more tourism between both sides, travel between Vietnam and Singapore has increased substantially," Lee...

  • Changing tastes in the luxury space

    Amrita Banta, MD of Agility Research & Strategy, says some affluent Asian consumers are spending more at home and on more niche brands.

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • NEW YORK, March 22- U.S. prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York last year, and that would charge alleged Chinese middlemen, the Wall Street Journal reported on Wednesday. The U.S. Federal Bureau of Investigation believes...

  • NEW YORK, March 22- U.S. prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York last year, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Federal Bureau of Investigation offices in Los Angeles and...

  • WASHINGTON— The inspections regime put in place to closely monitor Iran's nuclear activity is in jeopardy unless the U.S. and other nations contribute more money, the head of the U.N.' s International Atomic Energy Agency said Wednesday. Republicans and Democrats in Congress have pushed back sharply on President Donald Trump's proposed cuts, an indication...

  • The U.S. Food and Drug Administration's ban on Divi's Unit II factory in the eastern Indian state of Vizag- news of which was posted on the FDA website and seen by Reuters on Wednesday- is the second setback this month for India's drugs industry. The FDA found violations of manufacturing standards at Dr Reddy's Laboratories Ltd's drug plant, also in Vizag, during an...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a Transportation Ministry statement said, based on allegations of "...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a statement from the Transportation Ministry said, based on...

  • *Deal with Malaysia's Petronas helps diversify Saudi Aramco. SINGAPORE, March 20- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region. The string of deals inked on his...

  • LANGKAWI, Malaysia, March 22- France's Rafale fighter jet is emerging as the frontrunner as Malaysia looks to replace its aging fleet of combat aircraft, a source in the Southeast Asian nation's defence ministry said on Wednesday, despite narrowing its defence spending this year. French President Francois Hollande was expected to make a pitch for the Rafale,...

  • LANGKAWI, Malaysia, March 22- France's Rafale fighter jet is emerging as the frontrunner as Malaysia looks to replace its aging fleet of combat aircraft, a source in the Southeast Asian nation's defense ministry said on Wednesday, despite narrowing its defense spending this year. French President Francois Hollande was expected to make a pitch for the Rafale,...

  • *Trade settlement mechanism between India, Iran breaks down. *India, Iran seek European bank to settle trade in euros. NEW DELHI, March 22- India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh...