Asia / Pacific

Toshiba stock listing status downgraded, deeper losses flagged

Toshiba stock listing status downgraded, deeper losses flagged

Published 23/06/2017

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

[more…]

Dollar dips as traders await signals on more Fed hikes

Dollar dips as traders await signals on more Fed hikes

Published 23/06/2017

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data.

[more…]

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

Published 23/06/2017

FILE PHOTO: India's Prime Minister Narendra Modi addresses a gathering after he inaugurated Kochi Metro at a stadium in Kochi, India, June 17, 2017. REUTERS/Sivaram V/File Photo

The United States is expected to authorize India's purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian Prime Minister Narendra Modi to try to revitalize ties in his first meeting with President Donald Trump.

[more…]

Suicide car bomber kills at least 11 in Pakistan`s Quetta: police

Suicide car bomber kills at least 11 in Pakistan`s Quetta: police

Published 23/06/2017

A soldier covers a body after a blast in Quetta, Pakistan June 23, 2017. REUTERS/Naseer Ahmed

A suicide car bomber killed at least 11 people, including four police officers, in an attack near a checkpoint in the volatile southwestern Pakistani city of Quetta on Friday, officials said.

[more…]

Turkey welcomes U.S. pledge to take weapons from Kurds after Islamic State defeat

Turkey welcomes U.S. pledge to take weapons from Kurds after Islamic State defeat

Published 23/06/2017

Turkey regards as a "positive step" a U.S. pledge to take back weapons supplied to the Kurdish YPG militia in Syria after the defeat of Islamic State and said its implementation was essential, Defense Minister Fikri Isik said on Friday.

[more…]

Baghdadi death near 100 percent certain: Ifax quotes Russian senator

Baghdadi death near 100 percent certain: Ifax quotes Russian senator

Published 23/06/2017

It was from this medieval mosque that the militants' leader Abu Bakr al-Baghdadi declared a self-styled ''caliphate'' spanning parts of Syria and Iraq three years ago. Al-Baghdadi proclaimed himself ''caliph,'' or ruler of all Muslims, from the pulpit of the mosque on July... REUTERS/Social Media Website via Reuters TV

The likelihood that Islamic State leader Abu Bakr al-Baghdadi has been killed is close to 100 percent, Interfax news agency quoted Viktor Ozerov, the head of the defense committee in the Russian upper house of parliament, as saying on Friday.

[more…]

U.S. bans fresh Brazil beef imports over safety concerns

U.S. bans fresh Brazil beef imports over safety concerns

Published 23/06/2017

A man cools cattle on a beached boat in the Amazon river, in the city of Manaus, Brazil, October 26, 2015. REUTERS/Bruno Kelly

The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture (USDA) said, after a high percentage of shipments failed to pass safety checks.

[more…]

BOJ June Tankan set to show improved business confidence- CPI seen rising

BOJ June Tankan set to show improved business confidence- CPI seen rising

Published 23/06/2017

A man looks at a mobile phone in front of the Bank of Japan building in Tokyo, Japan June 16, 2017. REUTERS/Toru Hanai

Japanese big manufacturers' confidence is expected to have improved for a third straight quarter in June to match the peak seen two years ago, but may recede in the coming quarter on uncertainty around conditions overseas.

[more…]

Turkey has no plans to reassess military base in Qatar: minister

Turkey has no plans to reassess military base in Qatar: minister

Published 23/06/2017

Turkey's defense minister said on Friday his country had no plans to review its military base in Qatar and that any demand for its closure would represent interference in Ankara's relations with the Gulf state.

[more…]

China, India, Japan hamper Asia oil demand growth, efforts to balance market

China, India, Japan hamper Asia oil demand growth, efforts to balance market

Published 23/06/2017

FILE PHOTO: Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su/File Photo

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.

[more…]