Asia-Pacific News Southeast Asia

  • MUMBAI, Feb 18- Opposition from farmers has prompted India's western state of Maharashtra to move the location for what would be the country's biggest oil refinery, Chief Minister Devendra Fadnavis said. Stare-run oil companies and Saudi Aramco have teamed up to build the $44 billion refinery, which is aimed at giving India steady fuel supplies while meeting...

  • *Term deal to help IOC diversify away from OPEC suppliers. NEW DELHI/ SINGAPORE, Feb 18- Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first Indian state refiner to buy U.S. oil under...

  • Customers stand at counters inside the DBS Group Holdings Ltd. flagship bank branch in Singapore, on Thursday, Aug. 3, 2017.

    DBS Group Holdings, Singapore's biggest lender, reported an eight percent rise in quarterly profit that came in line with market expectations, powered by a robust increase in its net interest margin.

  • MUMBAI, Feb 15- Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African crops in 2017, have slashed India's corn output and boosted prices, increasing the chances the government will grant duty-free corn imports for the first time since 2016.. It also demonstrates the potential harm that the armyworm may wreak on India's...

  • *Kim to arrive in Vietnam on Feb. 25 ahead of summit. HANOI, Feb 16- North Korean leader Kim Jong Un will arrive in Vietnam on Feb. 25 ahead of a planned second summit with U.S. Trump and Kim are due to meet in Hanoi on Feb. 27 and 28 following their historic first meeting last June in Singapore.

  • HANOI, Feb 16- North Korean leader Kim Jong Un will arrive in Vietnam on Feb. 25 ahead of a planned second summit with U.S. Kim Jong Un will meet with Vietnamese officials when he arrives in Hanoi, said the sources, who requested anonymity citing the sensitivity and secrecy surrounding the movements of the North Korean leader. Vietnam's president and general...

  • PESHAWAR, Pakistan, Feb 16- Saudi Arabia's Crown Prince Mohammed bin Salman is likely to meet Afghan Taliban representatives during his visit to Pakistan starting on Sunday, Pakistani government sources said, part of efforts to broker an end to Afghanistan's 17- year-old civil war. "Though it is top secret so far, there are strong indications representatives of...

  • NEW DELHI, Feb 15- India has asked one buyer of Venezuelan oil to consider paying the South American nation's national oil company PDVSA in a way that avoids the U.S. financial system, an Indian government source said, after Washington imposed fresh sanctions on Venezuela last month. The United States is seeking to cut off Venezuela's oil revenue and pressure the...

  • *German equities gain after falling on weak China data. LONDON, Feb 15- European shares rose on Friday amid encouraging signs from U.S.- China trade talks, after weak data from both countries sent world stocks into a dive. Talks between China and the United States this week made important progress, President Xi Jinping told top U.S. trade negotiators, and efforts to...

  • *China premiums ease to $7- $10/ oz. MUMBAI/ BENGALURU, Feb 15- A rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays. In India, gold traded around 34,400 rupees per 10 grams, not far off a record high of 35,074 rupees...

  • NEW DELHI, Feb 15- India's oil imports from Iran fell by 45 percent in January to 270,500 barrels per day oil, ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes were delayed. Iran was the seventh biggest oil supplier to India in January compared with sixth in December, and slipped from third position it held a...

  • *Vietnam Airlines, Bamboo Airways, VietJet have U.S. ambitions. WASHINGTON/ HANOI, Feb 15- Vietnamese airlines will be able to fly to the United States and codeshare with American carriers after the U.S. Federal Aviation Administration declared the Southeast Asian country complies with international safety standards. Vietnam Airlines JSC, Bamboo Airways and...

  • MUMBAI, Feb 15- Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African crops in 2017, have slashed India's corn output and boosted prices, increasing the chances the government will grant duty-free corn imports for the first time since 2016.. It also demonstrates the potential harm that the armyworm may wreak on India's...

  • MUMBAI, Feb 15- Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African crops in 2017, have slashed India's corn output and boosted prices, increasing the chances the government will grant duty-free corn imports for the first time since 2016.. It also demonstrates the potential harm that the armyworm may wreak on India's...

  • *Vietnam Airlines, Bamboo Airways, VietJet have U.S. ambitions. WASHINGTON/ HANOI, Feb 15- Vietnamese airlines will be able to fly to the United States and codeshare with American carriers after the U.S. Federal Aviation Administration declared the Southeast Asian country complies with international safety standards. Vietnam Airlines JSC, Bamboo Airways and...

  • Singapore's financial district.

    An impending election and the need to spur economic growth mean Singapore will likely — for the first time in four years — spend more than it is projected to earn.

  • *Vietnam Airlines, Bamboo Airways have U.S. ambitions. WASHINGTON/ HANOI, Feb 15- Vietnamese airlines will be able to fly to the United States and codeshare with American carriers after the U.S. Federal Aviation Administration declared the Southeast Asian country complies with international safety standards. There are currently no non-stop flights between...

  • KUALA LUMPUR, Feb 15- Roger Ng, a former Goldman Sachs Group Inc banker caught up in the 1 Malaysia Development Berhad fraud scandal, will be allowed to return to the United States to face criminal charges against him there, a Malaysian court ruled on Friday. Ng had agreed to waive extradition and would be sent to the United States pending an order from the Malaysian...

  • A Boeing 787 of Vietnam's state-owned airline, Vietnam Airlines, is taken to Frankfurt Airport's runway.

    The U.S. Federal Aviation Administration late Thursday declared Vietnam complies with international safety standards, giving its airlines the opportunity to fly to the United States and codeshare with American carriers.

  • *U.S., India also to expand pharma, healthcare commerce. NEW DELHI, Feb 14- The United States and India plan to boost bilateral trade in energy, aerospace, defence, pharmaceuticals and healthcare as part of a continuing commercial dialogue, officials from both governments said on Thursday. India and the United States have developed close political and security...