Asia-Pacific News Southeast Asia

  • *Japan loads first Iran oil cargo since U.S. sanctions- Fuji Oil. *VLCC Kisogawa set to arrive in Japan on Feb. 9- data. "After China, South Korea, India and Turkey, Japan also started the process of importing Iranian oil," Abdolnaser Hemmati, the governor of the Central Bank of Iran, said according to the state news agency IRNA.

  • LONDON, Jan 21- Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran's central bank said on Monday. "After China, South Korea, India and Turkey, Japan also started the process of importing Iranian oil," Abdolnaser Hemmati was quoted as saying by the state news agency IRNA. However, exemptions have been...

  • *EU moving closer to aggressive U.S. policy to isolate Iran. The French, British, German, Danish, Dutch, and Belgian diplomats in the Iranian foreign ministry room had incensed the officials with a message that Europe could no longer tolerate ballistic missile tests in Iran and assassination plots on European soil, according to four EU diplomats.

  • KOLKATA, India, Jan 19- India's main opposition parties joined forces against Prime Minister Narendra Modi on Saturday at a rally which attracted hundreds of thousands of people months ahead of elections. The 23 regional groups said they forged a common front to stop Modi's Hindu nationalist Bharatiya Janata Party, which beat the main opposition Congress and...

  • BEIRUT, Jan 19- Qatar's emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. Rifts among Arab states over Syria and its ally Iran, on top of divisions inside Lebanon, have overshadowed the summit, with several leaders pulling out. Saudi Arabia, the United Arab...

  • ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary policy committee meeting. ACCRA- Central Bank of Ghana holds monetary policy committee meeting. TUESDAY, JANUARY 29 PRAGUE- Czech Central Bank Vice-Governor Tomas Nidetzky gives an interview on monetary policy ahead of the February 7 board meeting where the central bankers...

  • *EU moving closer to aggressive U.S. policy to isolate Iran. The French, British, German, Danish, Dutch, and Belgian diplomats in the Iranian foreign ministry room had incensed the officials with a message that Europe could no longer tolerate ballistic missile tests in Iran and assassination plots on European soil, according to four EU diplomats.

  • *Sees March-qtr IT services rev $2.05 bln to $2.09 bln. Net profit rose to 25.10 billion rupees in the three months to Dec. 31 from 19.31 billion rupees in the same period a year earlier, the company said https://www.bseindia.com/xml-data/corpfiling/AttachLive/168c015c-1fe6-4a73-ae8b- e f c e c c 2 f 0 3 f 5. p d f. Wipro said it expects revenue from its IT services...

  • *China premiums unchanged at $6- $9 an ounce. MUMBAI/ BENGALURU, Jan 18- Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/ 2- years, while traders in major buying centers in Asia pinned hopes on purchases ahead of the approaching Lunar New Year. Local gold prices in India, world's second-largest gold consumer, touched...

  • *India has been investigating antitrust violations at Mumbai port. NEW DELHI, Jan 18- India's antitrust watchdog has ordered Denmark's A.P. Moller-Maersk and Dubai's DP World to withdraw certain customer advisories which it said could hamper growth of the country's largest container port in Mumbai, a document seen by Reuters showed.

  • *Farm relief package could cost India up to 1 trln rupees-sources. NEW DELHI, Jan 18- A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees, two sources with direct knowledge of the matter said. Modi's Bharatiya Janata Party lost three major state...

  • ISLAMABAD, Jan 17- Food and agriculture group Cargill Inc will invest some $200 million in Pakistan over the coming three to five years in sectors ranging from dairy, to edible oils and animal feed, the prime minister's office in Islamabad said on Thursday. "Cargill's proposed investments will support Pakistan's overall economic development and contribute to...

  • *China 2018 GDP growth seen at 6.6 pct, 2019 6.3 pct. BEIJING, Jan 17- China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. At the same time, the escalating dispute with the United States saw both sides...

  • *Gold facing strong technical resistance at $1,300- analysts. Spot palladium was up 0.1 percent at $1,360, as of 0350 GMT, after earlier hitting a record high of $1,366.50. Spot gold was steady at $1,292.76 per ounce, while U.S. gold futures dipped 0.1 percent to $1,292.30 per ounce.

  • China is experiencing a 'perfect storm'

    Besides pressure on the trade front weighing on China, there is also a "ripple effect" from other systemic issues creating a "perfect storm" in its economy, says Rob Koepp of the Economist Corporate Network.

  • *India's e-commerce policy threatens global online retail giants. NEW DELHI, Jan 16- India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters.

  • KUALA LUMPUR, Jan 16- Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices. Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day. "Palm is down tracking overnight losses in the CBOT and lower crude oil," said a Kuala...

  • MUMBAI, Jan 16- India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities. Iran has agreed to sell crude oil to India, the world's third-largest oil consumer, in exchange for rupees after...

  • *Spot gold in neutral $1,285- $1,299 range- technicals. BENGALURU, Jan 16- Gold edged up on Wednesday, supported by uncertainty around Brexit after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union, while calls grew for a pause in U.S. rate hikes. Spot gold was up 0.3 percent $1,292.61 per ounce at 0610 GMT.

  • SINGAPORE, Jan 15- Asia's gasoline crack flipped to a discount on Tuesday, as pressure from high supplies pulled it back from the previous day's positive territory.- The crack was at a discount of 33 cents a barrel, its lowest since Jan. 9.- Gasoline stockpiles were high across regions, with sellers seemingly struggling to place cargoes.- Exports from Europe to the U.S....