Asia-Pacific News Southeast Asia

  • A view of Las Vegas, where the Trump administration had said it would host ASEAN leaders.

    The United States has decided to postpone a meeting with leaders of Southeast Asian countries it had planned to host on March 14 due to worries about the coronavirus outbreak, two U.S. officials familiar with the matter said on Friday.

  • Feb 28- Gary Ginsberg, the global head of communications for SoftBank Group Corp, has taken an indefinite leave of absence to advise Michael Bloomberg's U.S. presidential campaign, people familiar with the matter said on Friday. His move comes as the Japanese conglomerate is battling to reset its image with the business community, so it can attract investors for...

  • Feb 27- Gold prices rose on Thursday as the rapid spread of coronavirus outside China fuelled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries. There are growing expectations that central banks will certainly need to take action if it continues to...

  • *Nikkei sinks 2%, leading Asia- wide sharemarket falls. Much remains unknown about the virus that originated in China, but it is clear the ramifications of the world's second biggest economy in lockdown for a month or more are vast. Analysts have sharply downgraded their China and global growth forecasts, while policymakers from Asia, Europe and the United States...

  • WASHINGTON, Feb 26- Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea in half, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. South Korea has the most virus cases outside China and reported 334 new cases on Thursday for a total of 1,595. South Korea...

  • WASHINGTON, Feb 26- Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. Delta will also reduce to five times weekly its services between Seoul and Atlanta, Detroit and Seattle through April 30.

  • CHICAGO/ WASHINGTON, Feb 25- The U.S. Centers for Disease Control and Prevention on Tuesday alerted Americans to begin preparing for the spread of coronavirus in the United States after infections surfaced in several more countries. The announcement signaled a change in tone for the Atlanta- based U.S. health agency, which had largely been focused on efforts to...

  • At its annual investor day in New York, management offered updates on JPMorgan's four main business lines but did not upgrade profit targets signaling an expectation of slow, steady growth over the medium term. JPMorgan has spent much of the last decade capitalizing on healthy markets and strong customer demand to prepare for hard times, Chief Executive Jamie...

  • WASHINGTON/ CHICAGO, Feb 25- The U.S. Centers for Disease Control and Prevention on Tuesday alerted Americans to begin preparing for the spread of coronavirus in the United States after the flu-like virus surfaced in several more countries. The announcement signals a change in tone for the U.S. health agency, which had largely been focused on efforts to stop the...

  • *Said to have peaked in China, global spread gathers pace. *Deaths in Iran rise to 16, highest outside China. DUBAI/ BEIJING, Feb 25- Iran's coronavirus death toll rose to 16 on Tuesday, the most outside China, increasing its international isolation as countries as far apart as South Korea and Italy stepped up emergency measures to curb the epidemic's global spread.

  • On Jan. 8, India had put refined palm oil and palmolein on a list of restricted items, a move seen by trade experts as a retaliatory step against top supplier Malaysia after Kuala Lumpur criticized India's policy on Kashmir, a disputed Muslim-majority region also claimed by Pakistan. With India's rapeseed harvest about to begin next month, the Solvent Extractors...

  • The largest U.S. bank will target $200 billion in lending and other financial services for green and sustainable companies and projects, up from an earlier target of $175 billion set in 2017, according to a presentation ahead of its annual investor day. However, JPMorgan cut its outlook for net interest income to $57 billion for 2020 from $57.8 billion in 2019,...

  • JPMorgan said it would spend $200 billion to back clean energy projects, up from the $175- billion target set in 2019.. However, JPMorgan cut its outlook for net interest income to $57 billion for 2020, down from $57.8 billion in 2019 due to lower interest rates. The slide presentation showed that JPMorgan's outlook remained unchanged for profit at its...

  • LONDON, Feb 25- Copper prices edged into the red on Tuesday as investors struggled to calculate whether any coronavirus-related loss of metals demand would outweigh weaker output. Worries about the virus spreading outside of China had pushed London Metal Exchange copper to a two-week low on Monday while zinc slid to its weakest since June 2016.

  • *Singapore has 90 cases, 5 involving Bangladeshi workers. SINGAPORE, Feb 25- With his shaggy grey beard, rose-coloured robe and a prayer cap that extends his tall frame, shopkeeper Tariqul Islam is an imposing figure on the stall-lined street that serves up home comforts to Singapore's Bangladeshi community. Singapore has reported 90 coronavirus cases, five...

  • SINGAPORE, Feb 25- Singapore Airlines Ltd has cut nearly 10% of its capacity, frozen recruitment for ground positions and deferred spending as it deals with lower demand due to the coronavirus outbreak, according to an internal memo seen by Reuters. "We will continue to be nimble and flexible in adjusting our capacity to match the changing demand patterns in the...

  • NEW DELHI, Feb 24- A policeman was killed and dozens of people injured amid clashes in New Delhi on Monday as thousands demonstrating for and against a new citizenship law rioted for several hours before U.S. India's capital has been a hotbed of protests against the law, which eases the path of non-Muslims from three neighboring Muslim-dominated countries to...

  • NEW DELHI, Feb 24- A policeman was killed amid violent clashes in New Delhi on Monday as thousands of people demonstrating for and against a new citizenship law rioted for several hours before U.S. This has led to accusations that Modi and his Hindu nationalist Bharatiya Janata Party are undermining India's secular traditions. The BJP denies any bias against...

  • NEW DELHI, Feb 24- Indian police used tear gas and smoke grenades in New Delhi on Monday to disperse thousands of people demonstrating for and against a new citizenship law just before U.S. This has led to accusations that Prime Minister Narendra Modi and his Hindu nationalist Bharatiya Janata Party are undermining India's secular traditions.

  • Feb 24- Juul Labs Inc is halting sales in Indonesia, citing concerns that it can't stop retailers from selling its high-nicotine e-cigarettes to young people in a largely unregulated tobacco market. Juul disclosed its Indonesia plans to Reuters as the news organization was inquiring about the company's marketing to younger customers there and in the other...