Asia Top News and Analysis Philippines

  • SINGAPORE, Sept 17- Industrial metals prices fell on Tuesday on concerns about demand from top consumer China following data that could signal weakness in the world's second-biggest economy. Benchmark copper on the London Metal Exchange fell 0.6% to $5,833.50 a tonne by 0700 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...

  • SINGAPORE, Sept 17- Industrial metals fell on Tuesday after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy. Three-month copper on the London Metal Exchange fell 0.5% to $5,841 a tonne by 0344 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...

  • SINGAPORE, Sept 17- Industrial metals fell on Tuesday after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy. Three-month copper on the London Metal Exchange fell 0.3% to $5,851 a tonne by 0226 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...

  • TOKYO, Sept 17- Japan's government is expected to nominate Masatsugu Asakawa, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank, two people familiar with the matter said. The top ADB post has always been held by Japan, which along with the United States is the bank's biggest shareholder, making Asakawa a...

  • MANILA, Sept 13- Jollibee Foods Corp, the Philippine fast food specialist known for fried' Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A. It is also aiming to lift revenue in China to 30% of overall sales, while the Philippines would fall to 30%.

  • SHANGHAI, Sept 12- U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the worlds largest market of smokers. Juul, in which tobacco giant Altria Group owns a 35% stake, has been launching its products in international markets...

  • Concerns over China's economic outlook outweighed any optimism from a decision by Beijing to exempt some U.S. goods from additional tariffs, potentially easing tensions in a damaging trade dispute. Unless a U.S.- China trade deal is reached, prices will likely remain around current levels as weaker demand is offset by constraints on supply, said Saxo Bank...

  • MANILA, Sept 11- The Philippine military agreed on Wednesday to allow a new cellphone network powered by a Chinese state telecoms giant to install communications equipment on its army bases, despite concerns among some lawmakers about possible espionage. Washington has been urging its allies, Manila included, not to use Huawei gear, which the Beijing...

  • BEIJING, Sept 11- London copper gave up gains to trade lower on Wednesday, after China's auto sales fell for a 14th consecutive month, dampening earlier sentiment over a potential thaw in the U.S.- China trade dispute. The market was previously supported by concerns about a mining strike in Peru, even as an industry association said mine output in the world's No. 2...

  • MADRID, Sept 11- The world's biggest fashion retailer, Inditex, reported strong first-half sales growth on Wednesday, buoyed by good summer weather in Europe, while confirming its sales targets for the full year. E-commerce giant Amazon has become the most-shopped clothing retailer in the United States, measured by the number of customers, according to...

  • JAKARTA, Sept 11- SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. It could help OVO-DANA dominate Gojek in Indonesia's multi-billion dollar online payments market.

  • BEIJING, Sept 11- London copper recovered from early falls to trade slightly higher on Wednesday, supported by signs that top consumer China will take measures to ease the impact of a trade war with the United States. "The measures will benefit some companies from both China and the U.S.," Hu Xijin, the editor in chief of the Global Times newspaper, said on Twitter.

  • SINGAPORE, Sept 10- The U.S. Grains Council has stepped up efforts to drum up demand for its ethanol exports across Asia, its officials said, after former top customer China imposed steep import tariffs on the fuel amid the Sino-U.S. trade war, shutting out sales. The Grains Council "is ramping up this year its commitment and presence in Asia market development for...

  • LONDON, Sept 10- Copper was steady on Tuesday as downbeat factory data from China, the biggest producer of the metal, highlighted the impact of Beijing's trade conflict with the United States and reinforced concerns about demand for the metal. They are still looking for signals, "said ING analyst Wenyu Yao. Factory-gate prices in China fell in August at the...

  • LONDON, Sept 10- Copper eased on Tuesday as downbeat factory data from top producer China highlighted the impact of Beijing's trade conflict with the United States and reinforced concerns over demand for the metal. "Copper is still drifting on the weak economic indicators in China and other parts of the world... still pointing to a contraction zone thats not...

  • *China Aug factory deflation deepens. China's producer prices fell by the most in three years in August, reinforcing expectations Beijing will roll out more economic stimulus as its trade war with Washington intensifies. Asian indexes also racked up losses with Taiwan and the Philippines shedding 0.4% each, while mainland China stocks ended softer but off...

  • MANILA, Sept 10- Nickel ore output in the Philippines, one of the world's top two producers of the material for stainless steel and batteries, rose 3% in the first half, government data showed. The Philippines sells most of its nickel ore to top buyer China. The Philippines and Indonesia are the top two producers globally.

  • BEIJING, Sept 10- Shanghai nickel rose sharply on Tuesday as supply shortage fears persisted after top miner Indonesia expedited a ban on nickel ore exports, while market participants awaited clues on alternative supply plans from a key conference in Jakarta. Indonesia plans to ban nickel ore exports from January 2020. Nickel prices were also higher in London,...

  • SINGAPORE, Sept 10- The U.S. Grains Council has stepped up efforts to drum up demand for its ethanol exports across Asia, its officials said, after former top customer China imposed steep import tariffs on the fuel amid the Sino-U.S. trade war, shutting out sales. The Grains Council "is ramping up this year its commitment and presence in Asia market development for...

  • Eric Fishwick of CLSA says one of the most important bright spots in the world is that low inflation has enabled global central banks to be more preemptive with monetary policy. He also says CLSA's highest forecasts in Indonesia, India, China and the Philippines.