DUBAI, July 21- Iran on Sunday urged Britain to contain "domestic political forces" intent on escalating tensions between the two countries following Iran's seizure of a British-flagged oil tanker. The " UK government should contain those domestic political forces who want to escalate existing tension between Iran and the UK well beyond the issue of ships.
DUBAI, July 21- The crew of the British-flagged Stena Impero tanker seized by Iran's Revolutionary Guards are all safe, the head of the Ports and Maritime Organisation of Iran in Hormozgan Province told state TV on Sunday. Britain has denounced Iran's seizure of the oil tanker in the Gulf on Friday as a "hostile act", rejecting Tehran's explanation that it had...
GENEVA, July 20- The detained British-flagged tanker Stena Impero was in an accident with an Iranian fishing boat and ignored its distress call, Iran's Fars news agency reported on Saturday, quoting an official. "The tanker is now at Iran's Bandar Abbas port and all its 23 crew members will remain on the ship until the probe is over." The Stena Impero was taken to...
*Cuts by Bank of Korea, Bank Indonesia first in years. SEOUL/ JAKARTA, July 18- South Korea and Indonesia cut their benchmark interest rates for the first time in years on Thursday, not waiting for an expected reduction soon in U.S. rates as they aim to help borrowers cope with mounting risks to economic growth. Both Indonesia and South Korea cut main rates by 25 basis...
Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its attractiveness.
CHICAGO, July 17- Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. However, a recent increase in Chinese pork prices is raising expectations that China may now...
The market is on a bull charge in both London and Shanghai. The trigger for this collective exuberance is news that Indonesia will stop allowing the export of unprocessed nickel ore in 2022.. Since this is a key raw material pipeline for China's giant nickel pig iron sector, the price reaction might seem rational.
Andrew Gillan of Janus Henderson Investors says China, South Korea and Taiwan are very exposed to trade tensions. He says he likes markets such as the Philippines and Indonesia, which are growing at very high rates.
"Manny has not signed any contract. As far as I know it has not even been discussed," Pacquiao's publicist Fred Sternberg told the BBC, on claims that Pacquiao will take on Amir Khan in Saudi Arabia later this year.
GENEVA/ ZURICH, July 9- Immunotherapies that have emerged as a breakthrough in treating lung cancer have been rejected for inclusion on the World Health Organization's list of "essential medicines", which received a biennial update on Tuesday. Nicola Magrini, the secretary of the WHO's expert committee on selection and use of essential medicines, said there had...
A former police general who oversaw the bloodiest years of the Philippines' war on drugs shrugged off the killing by police of a three-year-old girl in a sting operation.
*Demand growth in SE Asia, India to outstrip China decline. NUSA DUA, Indonesia, July 4- After riding China's demand train for nearly two decades, Asia's coal industry is looking to a future of smaller markets and slimmer pickings, as buying declines in the world's second-biggest economy and climate change concerns blunt demand. By far the biggest user of...
BERLIN, July 2- German authorities have fined Facebook 2 million euros for under-reporting complaints about illegal content on its social media platform in breach of the country's law on internet transparency. In a statement on Tuesday, Germany's Federal Office of Justice said that by tallying only certain categories of complaints, the web giant had created...
GENEVA, July 2- The Philippines has banned imports of pigs and pig products from Laos due to an African swine fever outbreak, it said in filings published by the World Trade Organization on Tuesday. The Philippines' move follows similar steps by China and Thailand, following an outbreak in Laos' southern province of Saravane. The extra controls on feed imports...
GENEVA, July 2- The Philippines has banned imports of pigs and pig products from Laos due to an African swine fever outbreak, it said in a filing published by the World Trade Organization on Tuesday. The Philippines' move follows similar steps by China and Thailand, following an outbreak in Laos' southern province of Saravane. The disease, which is incurable in pigs...
*Philippines has licensed dozens of online gaming operators. MANILA, July 2- Tessie, her husband and their adult son recently vacated their home of 37 years in a Manila suburb to make way for some unfamiliar tenants- 20 Chinese nationals. Like Tessie, many Filipino landlords are laying out welcome mats for the surging number of Chinese coming to Manila to work in...
LONDON, July 2- Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone. DOMINICAN REPUBLIC- Policymakers cut interest rates by 50 basis points to 5% on June 30. https://bit.ly/2Jg2erB.
*EU is Vietnam's second-largest export market after U.S. Hanoi, June 30- The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country. It was signed in Hanoi between European Union Trade...
In recent years, some Chinese manufacturers had already started to relocate some of their capacity to countries such as Vietnam and Cambodia. The trade war is now pushing more to follow suit, especially makers of low-tech and low-value goods.
*Guangdong bulletproof vest maker moved production to Myanmar. GUANGZHOU, China/ YANGON, June 27- Pressured by a labour crunch and rising wages in China, Shu Ke' an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothing came of it.
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