Asia-Pacific News Southeast Asia

  • NEW YORK, July 16- Oil prices steadied on Tuesday, paring gains as U.S. offshore crude production resumed after Hurricane Barry and tensions between the U.S. and Iran were seen easing. Brent crude futures were up 17 cents at $66.64 a barrel by 11:33 p.m. EDT 1533 GMT 3/ 8. "Simmering Iranian tensions are still supporting the market, but the risk premium has been reduced,"...

  • JPMorgan, the world's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58- plus billion it estimated in February. In late morning trading, shares of JPMorgan were up 1% at $115.10; Goldman Sachs Group Inc- the least rate-sensitive of the three banks- climbed 1.3% to $214.37, and Wells Fargo fell 1.7% to $45.89.

  • *Iran breaching nuclear deal under U.S. sanctions pressure. *Khamenei: Iran to continue cranking up uranium enrichment. *Cites "insolent" EU's failure to protect trade with Iran.

  • *Gulf of Mexico output coming back online after storm. LONDON, July 16- Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East. U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at platforms in the...

  • *Gulf of Mexico output coming back online after storm. LONDON, July 16- Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East. Brent crude futures were down 16 cents at $66.32 a barrel by 1150 GMT, after hitting a session high of $66.84.

  • *Gulf of Mexico output coming back online after storm. LONDON, July 16- Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil. U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at...

  • *Gulf of Mexico output coming back online after storm. LONDON, July 16- Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at Gulf of Mexico...

  • ISLAMABAD/ NEW DELHI, July 16- Pakistan re-opened its airspace to civil aviation on Tuesday following months of restrictions imposed after clashes with India, which forced lengthy detours that cost airlines millions of dollars. "Pakistan airspace is open for all types of civil traffic on published ATS routes," according to a so-called Notice to Airmen...

  • ISLAMABAD, July 16- Pakistan opened its airspace to civil aviation on Tuesday, following months of restrictions imposed in the wake of a standoff with neighbouring India. "With immediate effect Pakistan airspace is open for all type of civil traffic on published ATS routes," according to a so-called Notice to Airmen published on the Pakistan Civil Aviation...

  • *Sugar export policy may be announced by Aug- source. *Mills seeking incentives to export up to 8 mln T of sugar. MUMBAI, July 15- India will keep its sugar export subsidies despite complaints to the World Trade Organization from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the matter said.

  • ISLAMABAD, July 16- Pakistan's airspace has been reopened to civil aviation with immediate effect, its aviation authority said on Tuesday, following months of restrictions imposed in the wake of a standoff with neighbouring India earlier this year. Pakistan closed its airspace in February after a standoff with India in the wake of an attack by a Pakistan- based...

  • *Standoff between Iran and the West supports prices. NEW YORK, July 15- Oil prices edged lower on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook. Brent crude futures dropped 14 cents to $66.58 a barrel by 1:53 p.m. EDT, while U.S. crude shed...

  • Iran, prefer more diplomacy- EU@. *FACTBOX- Responses to Iran enrichment plans. She spoke at the end of an European Union foreign ministers meeting after Britain said there was only a "small window" of time to salvage the deal, while Iran warned it would ramp up uranium enrichment if the EU failed to do more to that end.

  • KUALA LUMPUR, July 15- Malaysia seized more than 1 billion ringgit from a bank account of state-owned China Petroleum Pipeline Engineering over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at $2.3 billion, on which CPP was the lead...

  • *China's Q2 GDP growth slowest in at least 27 years. *Standoff between Iran and the West supports prices. Brent crude futures rose 43 cents, or 0.64%, to $67.15 a barrel by 1335 GMT, while U.S. crude was up 35 cents, or 0.58%, at $60.56 a barrel.

  • *China's Q2 GDP growth slowest in at least 27 years. *Standoff between Iran and the West supports prices. Brent crude futures rose 29 cents, or 0.43%, to $67.01 a barrel by 1125 GMT, while U.S. crude was up 23 cents, or 0.38%, at $60.44 a barrel.

  • *FACTBOX- Responses to Iran enrichment plans. *FACTBOX- Curbs imposed by Iran nuclear deal. BRUSSELS, July 15- Britain said on Monday there was a "small window" of time to save the Iran nuclear deal, as Tehran signalled it would ramp up its nuclear programme-- seen by the West as a cover for making atomic bombs-- if Europe failed to do more to salvage the pact.

  • *India, Deloitte argue over provisions of country's law. *India wants 5- year ban on Deloitte, KPMG affiliate in fraud case. NEW DELHI, July 14- India has told a tribunal the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu is misreading a key federal law as the firm seeks to avoid a five-year ban on new business, according to legal...

  • ISLAMABAD, July 14- Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages in a dispute over the Reko Diq copper mine. The statement from the attorney general's office came after a World Bank arbitration court ruled...

  • KUALA LUMPUR, July 14- Malaysia has seized more than 1 billion ringgit from a bank account of state-owned China Petroleum Pipeline Engineering Ltd, the Straits Times newspaper said on Saturday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at $2.3 billion, on which CPP was the lead contractor. In 2016, CPP won a contract...