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  • With almost 80 million people and annual output of some $400 billion, Iran could be the biggest economy to rejoin the global trading and financial system since Russia emerged from the collapse of the Soviet Union more than two decades ago. Iran has already outlined plans to rebuild its main industries and trade relationships, saying last week it was targeting...

  • MUMBAI, July 29- Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output...

  • *June factory output -8.0 pct y/y, biggest fall since March 2014. BANGKOK, July 28- Thailand's finance ministry on Tuesday cut its economic growth forecast for the third time this year due mainly to shrinking exports, a big obstacle to the trade-dependent country regaining traction. Since then, growth targets for Southeast Asia's second-largest economy have...

  • China stocks fall for second day, Europe rises Tuesday, 28 Jul 2015 | 1:09 AM ET

    BEIJING— Chinese stocks fell further Tuesday after suffering their biggest drop in eight years the previous day while most other Asian markets declined and Europe rose. In Europe, Germany's DAX was up 0.9 percent at 11,150.48 and France's CAC-40 gained 0.8 percent to 4,967.18. CHINA'S PLUNGE: The Shanghai index fell 8.5 percent on Monday, its biggest one-day...

  • Thai Airways suspends unprofitable US flights Monday, 27 Jul 2015 | 2:22 AM ET

    BANGKOK— Thailand's beleaguered national airline said Monday it will suspend flights to the U.S. as part of efforts to end years of losses. The airline will suspend the unprofitable four roundtrip flights per week from Bangkok to Los Angeles and from Bangkok to Rome, starting October 25, Thai Airways President Jarumporn Chotikasathein said in a statement.

  • *June trade surplus $150 mln vs poll's $2.0 bln surplus. BANGKOK, July 27- Thailand's exports tumbled more than expected in June, indicating the country's weaker currency is not yet helping fire up the country's traditional long-stalled growth engine. Exports, which equal more than 60 percent of the economy, dropped 7.87 percent in June from a year earlier, the...

  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...

  • TOKYO— Nikkei Inc., the Japanese buyer of the Financial Times, pledged Friday to respect the culture of the London- based business daily, while also tapping its digital expertise and global reach. Nikkei is Nikkei, "said Naotoshi Okada, the president and CEO of Nikkei Inc., which publishes a namesake newspaper that's the top business daily in Japan.

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • *Euro climbs 1 pct from 3- month trough against dollar. NEW YORK, July 21- The euro on Tuesday rebounded from three-month lows against the dollar as an easing of pessimism about Greece had traders paring bearish bets, while the yen rose versus the greenback on upbeat remarks on inflation from the Bank of Japan chief. Fed Chair Janet Yellen and other Fed officials...

  • BANGKOK— Plans to build an 800- megawatt coal power plant and seaport near some of Thailand's most popular beaches have sparked protests and a hunger strike by activists who say energy officials are pushing ahead with the project without considering its impact on the pristine environment that makes the area an international tourist escape.

  • BEIJING— Asian stocks mostly drifted lower Monday as investors put Greece's debt crisis behind them to focus on the outlook for interest rates, corporate earnings and China's economy. Seoul's Kospi was off 0.2 percent at 2,071.87 and Bangkok, Taiwan and Manila also fell. Sydney's S&P/ASX 200 added 0.1 percent to 5,675.20 and Singapore and New Zealand also rose.

  • *Myanmar currently unrated by top 3 agencies. HONG KONG, July 17- Citigroup Inc and Standard Chartered Plc are set to advise Myanmar on its first credit rating, according to people with direct knowledge of the matter, paving the way for the country to issue its maiden international bond. "Getting a credit rating is of the first importance for Myanmar, helping it to...

  • BANGKOK, July 13- Thailand's rice export association lowered its annual target from 10 million to 9.5 million tonnes on Monday, due to a slowdown in the global economy and fears that drought in Thailand could slash output for the year. Chukiat Opaswong, honorary president of the Thai Rice Exporters Association, said Thailand would face a tougher export market...

  • SUPHAN BURI, Thailand, July 10- Farmers in Thailand's rice-growing Suphan Buri province are becoming increasingly desperate for water to irrigate their parched fields as the nation, a leading producer of the staple food, suffers its worst drought in more than a decade. The wet season is under way, but Thailand is contending with drought conditions in seven out of...

  • NEW DELHI, July 7- A Turkish Airlines flight from Bangkok made an emergency landing in New Delhi after a written bomb threat was found in a toilet on the Airbus A330 passenger jet carrying 134 passengers, the airline and Indian security sources said. Turkish Airlines was targeted with a series of hoax bomb warnings in April and again over the weekend.

  • KUALA LUMPUR, July 3- Malaysian Prime Minister Najib Razak on Friday denied taking money from state fund 1 MDB or any other entity for personal gain, after a media report said investigators traced nearly $700 million to bank accounts that were allegedly in his name. The Wall Street Journal's report, if true, would be the first time the beleaguered prime minister...

  • *1 MDB says never provided funds to Prime Minister Najib. KUALA LUMPUR, July 3- Malaysian Prime Minister Najib Razak slammed a newspaper report that said investigations into troubled state fund 1 MDB have traced nearly $700 million of deposits into accounts that allegedly belonged to him, claiming it was a "continuation of political sabotage.

  • *Index at 74.4 in June, lowest since May 2014; May was 75.6. BANGKOK, July 2- Thai consumer confidence slipped to a more than one-year low in June dampened by economic uncertainty, falling exports, low commodity prices and drought, a university survey showed on Thursday. The consumer confidence index of the University of the Thai Chamber of Commerce fell to 74.4 in...

  • *May trade surplus $2.42 bln vs poll's $500 mln surplus. BANGKOK, June 26- Thailand reported poor trade numbers for May, showing that the country's long-sputtering growth engine still is not helping the struggling economy get on track. Exports, which equal more than 60 percent of the economy, fell 5.01 percent in May from a year earlier, the Commerce Ministry said on...