Asia Top News and Analysis Ukraine

  • SINGAPORE/ LONDON, Sept 16- Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom's production. Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, the biggest...

  • LUXEMBOURG, Sept 16- British Prime Minister Boris Johnson will explore his chances of securing a Brexit deal over lunch with European Commission chief Jean-Claude Juncker on Monday, after weekend rhetoric from both suggested their positions remain far apart. With less than seven weeks until Britain is due to leave the European Union, Johnson has yet to reach...

  • LONDON, Sept 16- British defence and aerospace group Cobham Plc said on Monday its investors had backed a 4 billion-pound buyout offer from U.S. private equity firm Advent International. At a meeting to approve the deal in London, 93% of shares registered before the event backed the deal. Advent agreed to buy Cobham, known for its pioneering air-to-air refuelling...

  • SINGAPORE/ LONDON, Sept 16- Saudi Aramco's trading arm is seeking oil products for prompt delivery following Saturday's attacks on Saudi oil facilities, three trade sources said on Monday. Saudi Arabia is set to become a significant buyer of refined products after the attacks forced it to shut down more than half of its crude oil output and some of its gas,...

  • LONDON, Sept 16- Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests in Hong Kong dented demand in big Asian markets. Petra's share price fell to an all-time low of 7.25 pence, recovering slightly to trade down 8% by 0830 GMT at 7.45 pence.

  • *China industrial output growth weakens, hits risk appetite. MILAN, Sept 16- Oil prices climbed to four-month highs on Monday and world stocks slid after weekend attacks on crude facilities in Saudi Arabia shut about 5% of the world's supply and fuelled worries over the impact of an oil shock on economic growth. By 0823 GMT, Brent futures were up 8.75% at $65.49 per...

  • *China takes about one-quarter of Saudi exports. SINGAPORE, Sept 16- Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks on Saturday that forced it to shut down more than half of its oil output. Oil prices surged nearly 20 percent during early Asian...

  • SINGAPORE/ LONDON, Sept 16- Saudi Aramco's trading arm is seeking oil products for prompt delivery following Saturday's attacks on Saudi oil facilities, three trade sources said on Monday. Aramco Trading Company is making enquiries for the delivery of diesel, two of the sources said. A third source said that the company may have bought two ultra low sulphur...

  • *To increase London stores to 100 by end of 2025. LONDON, Sept 16- Aldi reaffirmed its commitment to investing in Britain on Monday, despite a 26% fall in 2018 profit at the German discount supermarket group's UK business as it paid the price of expansion. For almost three decades weve proven that investment equals growth, "Aldi UK Chief Executive Giles Hurley said.

  • *To increase London stores to 100 by end of 2025. LONDON, Sept 16- Aldi reaffirmed its commitment to investing in Britain on Monday, despite a 26% fall in 2018 profit at the German discount supermarket group's UK business as it paid the price of expansion. For almost three decades weve proven that investment equals growth, "Aldi UK Chief Executive Giles Hurley said.

  • LUXEMBOURG, Sept 16- British Prime Minister Boris Johnson will explore his chances of securing a Brexit deal over lunch with European Commission chief Jean-Claude Juncker on Monday, after weekend rhetoric from both suggested their positions remain far apart. With less than seven weeks until Britain is due to leave the European Union, Johnson has yet to reach...

  • Sept 16- Kazakh financial group Kaspi.kz, which controls the Central Asian nation's third-largest lender Kaspi Bank, said it plans to list its shares in London this year. Kaspi.kz is a major player in Kazakh payment systems and e-commerce, while Kaspi Bank is a retail-focused lender. Its listing would boost London's stock market, where few companies have tried...

  • Sept 16- European shares fell on Monday after four straight sessions of gains as attacks on crude facilities in Saudi Arabia and weak China data dented investors' risk appetite. Data showed China's economic slowdown deepened in August, with industrial production growing at its weakest pace in 17-1/ 2 years amid rising U.S. trade pressure and softening domestic...

  • LONDON, Sept 16- Banks are set to miss out on as much as $280 billion in revenue from their payments operations by 2025, as new start-ups muscle in and more of the business of sending money to individuals and companies becomes instant and free, according to a new report. That is expected to grow to $2 trillion globally by 2025 but banks are likely to lose out on $280...

  • SINGAPORE, Sept 16- Most base metals dropped on Monday, with London copper shedding as much as 1.3%, on increasing signs of slowing demand in top consumer China. China is the biggest user of copper, which is used widely in power, construction and consumption. "Base metals rose recently because markets expected the U.S.- China trade talks will be good overall, but when...

  • LONDON, Sept 16- The British and Irish arm of German discount supermarket group Aldi said on Monday it would step up the pressure on rivals by accelerating expansion in London, despite reporting a 26% fall in 2018 operating profit. It plans to increase store numbers in London from 45 to 100 by the end of 2025, by opening more standard-sized Aldi stores and new,...

  • *Washington blames Iran for attack. President Donald Trump said on Sunday the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior U.S. administration official said Iran was to blame. Earlier in the day, a senior U.S. official told reporters that evidence from the attack, which hit the world's...

  • SINGAPORE, Sept 16- Most base metals dropped on Monday, with London copper shedding as much as 1.2%, on increasing signs of slowing demand in top consumer China. China is the biggest user of copper, which is used widely in power, construction and consumption. "Base metals rose recently because markets expected the U.S.- China trade talks will be good overall, but when...

  • *Washington blames Iran for attack. President Donald Trump said on Sunday that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior official in his administration said Iran was to blame. "Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release...

  • NEW YORK, Sept 15- Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply. Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while U.S. crude futures surged more than 15% to a...