Asia-Pacific News Southeast Asia

  • *Summit coincides with escalating U.S.- China trade war. President Donald Trump arrived in France on Saturday for what promises to be a fraught meeting of major industrialised nations, with friction over trade, climate change and Iran likely to snarl the talks. Summit host French President Emmanuel Macron wants the heads of Britain, Canada, Germany, Italy, Japan...

  • BIARRITZ, France, Aug 24- Leaders of the G7 nations began arriving in France on Saturday for a summit as a U.S.- China row over protectionism highlighted President Emmanuel Macron's tough task in delivering real results on trade, Iran and climate change. Summit host Macron wants the leaders of Britain, Canada, Germany, Italy, Japan and the United States to focus on...

  • BIARRITZ, France, Aug 24- Leaders of the G7 nations began arriving in France on Saturday for a summit as a U.S.- China row over protectionism highlighted President Emmanuel Macron's tough task in delivering real results on trade, Iran and climate change. Summit host Macron wants the leaders of Britain, Canada, Germany, Italy, Japan and the United States to focus on...

  • *Trump presses U.S. companies to close China operations. *China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

  • *Toyota, Hyundai temporarily halt some production in India- memos. *India's car sales growth in July lowest in two decades. Denso Corp's India unit, which makes powertrain and air-conditioning systems for cars, has cut some temporary workers at its Manesar plant in north India, four sources familiar with the matter told Reuters.

  • CHICAGO, Aug 23- Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in- China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago. His tariff threats, also aimed at forcing American companies to move operations back home, have complicated planning for those with...

  • *Trump presses U.S. companies to close China operations. *China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

  • *Trump presses U.S. companies to close China operations. China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world's two largest economies.

  • MUMBAI, Aug 23- When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy. "The speed of decision-making is very good for example in Kashmir, but the speed of decision-making on business matters is not good,"...

  • *China gold premiums edge up to $8- $10/ oz from $6- $9 last week. *Hong Kong unrest squeezes bullion market. In top gold consumer China, gold premiums edged slightly higher to $8- $10 an ounce over the benchmark, versus $6- $9 last week.

  • *China unveils retaliatory tariffs on U.S. goods. LONDON, Aug 23- Oil prices fell sharply on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking the latest escalation of a protracted trade dispute between the world's two largest economies. "Policymakers and investors remain cognizant of the economic headwinds...

  • JAKARTA, Aug 23- Indonesia's exports of recycled plastic have plunged by 70% in the past few months due to a shortage of materials needed for production since Jakarta tightened rules on imported waste, an industry body said on Friday. Indonesia's plastic recycling industry uses imported plastic scraps in its products, said Akhmad Ma' ruf Maulana, chairman of the...

  • LONDON, Aug 23- Oil prices edged lower on Friday but remained on track for a weekly gain, with attention focused on a speech by U.S. Brent crude futures, the international benchmark for oil prices, fell 23 cents to $59.69 a barrel by 1150 GMT but was up about 1.7% on the week. West Texas Intermediate crude futures slipped by 12 cents to $55.23, up 0.6% this week.

  • ISLAMABAD, Aug 23- The Financial Action Task Force will monitor Pakistan's progress in implementing a proposed plan against financing for militant organizations ahead of a meeting in October, the international watchdog body said on Friday. Its Asia Pacific Group on Money Laundering met in Canberra this week to discuss reports on countries including...

  • The entrance of Bank Indonesia, the central bank in Southeast Asia's largest economy.

    Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.

  • Malaysia is the world's second-biggest producer of palm oil, a widely consumed commodity used in everything from chocolate spread to lipstick. At least 50% of all deforestation between 2005 and 2015 in Borneo- an island shared by Malaysia, Indonesia and Brunei- was related to oil palm development, the IUCN has said. Malaysia and Indonesia, the world's largest...

  • *Oil flows to China and India. *Moscow sees U.S. sanctions against Caracas as illegal. MOSCOW, Aug 22- Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.

  • JAKARTA, Aug 22- Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with "palm oil-free" labels from their shops, a government official said, as it seeks to protect its key export. Palm oil is under scrutiny over environmental concerns including in the European Union. Ojak Simon Manurung, director of goods and...

  • *Jackson Hole summit in focus for Fed rate cut signals. *Top waterways won't be as safe if oil exports cut to zero- Iran. "The market will be shifting focus today to broader based macro headlines with comments out of Jackson Hole likely to be prioritized in this regard," said Jim Ritterbusch, president of Ritterbusch and Associates.

  • *Jackson Hole summit in focus for Fed rate cut signals. *Top waterways won't be as safe if oil exports cut to zero- Iran. "The market will be shifting focus today to broader based macro headlines with comments out of Jackson Hole likely to be prioritized in this regard," said Jim Ritterbusch, president of Ritterbusch and Associates.