Asia Top News and Analysis Singapore

  • Worsening wheat crop prospects in southern hemisphere exporters Argentina and Australia, as well as weather-hampered harvests in North America, have shifted attention away from large global stocks of wheat. "But we're still looking at dry conditions across Australia and the possibility for dry conditions lowering the crop in Argentina too," he said.

  • FRANKFURT/ BERLIN, Oct 21- German payments company Wirecard has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday. The company, promoted to the DAX blue-chip index last year, has been the target of a series of investigative reports by FT...

  • PARIS/ LONDON, Oct 21- French bank BNP Paribas has obtained a 22.5% stake in wealth management platform Allfunds in the latest sign of asset managers looking to trim costs in the face of rising regulatory expenses and pressure on fees from investors. Under the deal, for which financial terms were not announced, BNP Paribas will entrust Allfunds with managing the...

  • LONDON, Oct 21- Copper prices rose to one-month highs on Monday as protests in major producer Chile fueled concern about supplies and the prospect of easing trade tensions between China and the United States boosted sentiment. "Positive noises on resolving the U.S.- China standoff helped, but the market is still worried about demand, particularly in China."

  • PARIS/ LONDON, Oct 21- French bank BNP Paribas will buy a 22.5% stake in wealth management platform Allfunds, the latest sign of asset managers looking to trim operational costs in the face of rising regulatory expenses and pressure on fees from investors. This includes the way in which funds are sold to retail investors and under the deal BNP Paribas will entrust...

  • SHANGHAI, Oct 21- China stocks closed up on Monday, on hopes China and the United States could sign a trade deal and that Beijing would continue its policy support for the economy. President Donald Trump on Friday said he thought a trade deal between the United States and China would be signed by the time the Asia-Pacific Economic Cooperation meetings take place...

  • *Taiwan says China has endangered world peace. BEIJING, Oct 21- China's defence minister, Wei Fenghe, said on Monday that resolving the " Taiwan question" is his country's "greatest national interest", and that no force could prevent China's "reunification". Proudly democratic Taiwan has lambasted China for its authoritarian rule and for being a threat to regional...

  • *Taiwan says China has endangered world peace. BEIJING, Oct 21- China's defense minister, Wei Fenghe, said on Monday that resolving the " Taiwan question" is his country's "greatest national interest," and that no force could prevent China's "reunification." Proudly democratic Taiwan has lambasted China for its authoritarian rule and for being a threat to regional...

  • BEIJING, Oct 21- China's defence minister, Wei Fenghe, said on Monday that resolving the " Taiwan question" is his country's "greatest national interest", and that no force could prevent China's "reunification". "Resolving the Taiwan question so as to realise China's full reunification is the irresistible trend of the times, China's greatest national interest, the...

  • BEIJING, Oct 21- China's defense minister, Wei Fenghe, said on Monday that resolving the " Taiwan question" is his country's "greatest national interest," and that no force could prevent China's "reunification." "Resolving the Taiwan question so as to realize China's full reunification is the irresistible trend of the times, China's greatest national interest, the...

  • Taiwanese flags during a campaign event in Taipei on June 1, 2019.

    China's defense minister said on Monday that resolving the "Taiwan question" is his country's "greatest national interest," and that no force could prevent China's "reunification."

  • SHANGHAI, Oct 21- China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy. The one-year Loan Prime Rate remained at 4.20%, steady from the previous monthly fixing. Frances Cheung, head of Asia macro...

  • KUALA LUMPUR, Oct 21- Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the U.S.- China tariff war. "Unfortunately, we are caught in the middle," he told a conference in the capital Kuala Lumpur, referring to the U.S.- China trade war.

  • BEIJING, Oct 21- China's defense minister said on Monday that resolving the " Taiwan question" is his country's "greatest national interest," and that no force could prevent China's "reunification." Proudly democratic Taiwan has lambasted China for its authoritarian rule and for being a threat to regional peace, while China has heaped pressure on Taiwan, whittling...

  • A fire is seen in front of a store vandalized by protesters in Hong Kong on October 4, 2019.

    Businesses big and small have suffered smashed windows, graffiti and even fire for their perceived support of mainland China by protesters.

  • HONG KONG, Oct 21- Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the territory's most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big and small have suffered smashed windows, graffiti and even fire for their perceived...

  • Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019.

    Billionaire entrepreneur Jack Ma may have founded one of China's most successful technology companies Alibaba. But he says that even he would have a tough time securing a job there today.

  • CHICAGO, Oct 18- Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. At the Chicago Board of Trade, December soft red winter wheat futures ended up 6-3/ 4 cents at $5.32-1/ 4 per bushel after reaching $5.32-3/ 4, its highest since July 15. Wheat futures have drawn support as...

  • *Chinese premiums ease to $4.75- $5.25/ oz from $5- $8. BENGALURU/ MUMBAI, Oct 18- Gold discounts in India narrowed to a four-month low this week as some consumers took advantage of a modest dip in domestic prices to buy bullion ahead of a festival next week, while other Asian hubs saw limited activity. Gold futures in India were trading around 38,050 rupees per 10 grams...

  • The biggest, and fastest growing, trading route is from Britain to India, where authorities are increasingly worried about the dirty business of turning waste rubber into oil- a process called pyrolysis. Reuters has interviewed dozens of players in the waste tire business in India, Malaysia, Britain, Singapore and Dubai- including garages, collectors, exporters...