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  • China's Premier Li Keqiang delivers a speech at the First World Conference on Tourism for Development in Beijing

    China will focus on protecting intellectual property and commercial secrets, while offering a fair playing field for both domestic and foreign companies, premier Li Keqiang said on Tuesday at a technology summit. Li also said that new innovations should be given room to grow, free from over-regulation, even if new and …

  • Cars ply a highway next to a public housing estate along the east coast of Singapore

    Singapore economy barely grew in the first quarter, while a downgrade in trade and exports forecasts as well as a depressed services sector underscored a weak outlook for the trade-dependent city state. The economy expanded 0.2 percent in January-March period from the previous three months on an annualised basis, the Ministry …

  • Japan's Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda attend a news conference after the G7 finance ministers and central bankers meeting in Sendai, Japan

    TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Wednesday he told a Group of Seven finance ministers and central bankers summit last week that Japan will raise the sales tax next year as scheduled. ...

  • A man riding on a bicycle looks at an electronic board outside a brokerage in Tokyo

    TOKYO/SINGAPORE (Reuters) - Asian shares jumped on Wednesday, taking cues from sharp gains in European and U.S. markets, while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. U.S. new home sales data on …

  • May 25 (Reuters) - Malaysia's Bank Muamalat will set up a 1 billion ringgit ($243.4 million) sukuk programme, after the Islamic lender said on Wednesday it would redeem 400 million ringgit worth of subordinated ...

  • Petrol pump nozzles are pictured at a petrol station in Dortmund

    Oil futures pushed closer to $50 a barrel on Wednesday, with U.S. crude hitting its highest in over seven months after industry data suggested a larger-than-expected drawdown in U.S. crude inventories last week. Oil markets were also supported by an overnight surge in U.S. equities and strong U.S. home sales that could …

  • Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates. Stories like Joseph's explain why remittances from Indians working abroad slumped 27 percent in the fiscal year through March …

  • A man looks at an electronic board showing market indices outside a brokerage in Tokyo

    Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months. U.S. new home sales data out on Tuesday showed a jump in April to their strongest monthly pace …

  • Huawei Technologies Co Ltd [HWT.UL] on Wednesday said it sued Samsung Electronics Co Ltd claiming infringement of smartphone patents, the Chinese firm's first intellectual property challenge against the world's top mobile maker. Huawei has filed lawsuits in the United States and China seeking compensation for what it said …

  • Property loans, the glass chin of China banks Reuters - 1 hour 16 minutes ago

    China's top banks are lending more to homebuyers and developers than at any time since at least the global financial crisis, making them vulnerable to a property market downturn as prices overheat and real-estate firms struggle with a growing debt burden. China's top five banks had mortgages and loans to the sector of …

  • The logo of Swiss bank Credit Suisse is seen outside their branch in Bern

    Fitch Ratings downgraded Credit Suisse Group's (CSGN.S) long-term default rating by a notch to A-minus and its viability rating to a-minus from a, citing the Swiss bank's reliance on difficult capital markets. The agency also blamed the economic slowdown in the Asia-Pacific region which would put pressure on the lender's …

  • EM ASIA FX-Won, Taiwan dollar edge up; yuan dips Reuters - 1 hour 50 minutes ago

    May 25 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0131 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.11 110.00 -0.10 ...

  • Gold bars are stacked in safe deposit boxes room of the ProAurum gold house in Munich

    BENGALURU (Reuters) - Gold slipped to a seven-week low on Wednesday as expectations of an early interest rate hike by the U.S. Federal Reserve pushed the dollar to a near two-month high. FUNDAMENTALS * ...

  • BEIJING (Reuters) - China will further expand air rights and improve the way it allocates international routes to domestic airlines as it tries to encourage them to participate in the international market, ...

  • The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens. After talks that lasted into the small hours of Wednesday, the Eurogroup ministers gave a nod to releasing 10.3 …

  • A man speaks on his mobile phone near a Samsung store in central Kiev

    SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Wednesday it will defend itself against patent lawsuits filed by smartphone rival Huawei Technologies Co Ltd . Huawei, the world's ...

  • Logo of Samsung Electronics is seen in Kiev

    SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Wednesday it will defend itself against patent lawsuits filed by smartphone rival Huawei Technologies Co Ltd . Huawei, the world's ...

  • An oil pumpjack is seen in Velma, Oklahoma

    Oil futures rose on Wednesday after U.S. industry data suggested a larger-than-expected drawdown in crude inventories last week, although a stronger U.S. dollar curbed gains. Oil prices were also supported by an overnight surge in U.S. equities and strong U.S. home sales that could point to the U.S. Federal Reserve raising …

  • ZURICH/SINGAPORE, May 24 (Reuters) - Regulators' closure of the Swiss BSI bank's Asian outpost for failing in its duty to prevent money-laundering has highlighted the risks of hunting wealthy clients farther afield as Swiss banks' traditional line in hiding money from foreign tax men is choked off. The Swiss banking watchdog …

  • Euro zone statement on Greece Reuters - 3 hours ago

    "The Eurogroup welcomes that a full staff-level agreement has been reached between Greece and the institutions. Also, the Eurogroup notes with satisfaction that the Greek authorities and the European institutions have reached an agreement on the contingency fiscal mechanism, which is in line with the Eurogroup statement …

  • The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures recovered from the previous session's near three-month ...

  • DIARY - Malaysia Reuters - 3 hours ago

    + ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS WEDNESDAY, MAY 25 KUALA LUMPUR- Sime Darby Bhd holds a media briefing in conjunction with the release of its third quarter results ...

  • Signs for Hewlett Packard Enterprise Co. cover the facade of the New York Stock Exchange

    Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday. Computer Sciences' shares jumped 19.5 percent to $42.6 (£29). Under Chief Executive Meg Whitman, Hewlett Packard Enterprise has been restructuring its IT consulting and services …

  • The interior of the office of ride-hailing service Uber is seen in this picture in Gurugram

    Toyota Motor Corp <7203.T> and Uber said on Tuesday they would partner to explore ride-sharing, including an investment by the Japanese automaker in the on-demand ride company, the latest in a wave of high-profile partnerships between carmakers and ride-sharing services. Toyota and Uber will create new leasing options …

  • Mainstream lenders in China are squeezing borrowers in the country's rust-belt provinces, forcing firms to take on higher interest-rate loans from so-called shadow banks, a Reuters analysis of central bank figures shows. In several of the hardest hit industrial provinces, including deeply troubled steel and coal producing …

  • Union flag flies behind Jaguar car emblem outside dealership in Manchester

    LONDON (Reuters) - British car production rose 16.4 percent year-on-year in April, boosted by strong demand from overseas, an industry body said on Wednesday. Total car production reached 149,334 vehicles ...

  • Badges are displayed on a Union flag during a Vote Leave rally in Exeter

    Any budget savings Britain would make by cutting its funding to the European Union would be wiped out by even a small economic slowdown that could result from leaving the bloc, a leading think tank said on Wednesday. In a report swiftly rejected by "Leave" campaigners, the Institute for Fiscal Studies said Britain's government …

  • As Mitsubishi Motors (7211.T) acknowledged publicly last month that it cheated on fuel economy tests - its third scandal in two decades - its chief, Osamu Masuko, quietly called in on his counterpart at partner Nissan Motor's <7201.T> headquarters. Masuko, several Mitsubishi group executives said, gave Carlos Ghosn his …

  • A London taxi crosses Waterloo Bridge in London July 29, 2009.

    UK motor insurers made an underwriting loss in 2015 and that loss is likely to deepen this year as higher insurance taxes encourage drivers to shop around for the cheapest deal, a survey from consultancy Deloitte said on Wednesday. Insurance premium tax rose last year by 3.5 percentage points to 9.5 percent, and has risen …

  • Taiwan banks led by CTBC Financial and Fubon Financial are looking to step out of their comfort zone into newer markets in Southeast Asia, as the domestic economy slows and growth peaks for the $1.2 trillion-asset banking sector. The expansion began in 2013 and is likely to accelerate over the next few years thanks to …

  • Man looks at a stock quotation board outside a brokerage in Tokyo

    The dollar hit its highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond prices dipped as expectations grew that the Federal Reserve could raise interest rates soon. Surprisingly strong data on U.S. new home sales in April supported the view the economy may be strong enough for the Fed to raise interest …

  • Grupo BTG Pactual SA (BBTG11.SA) is seeking indemnity from Swiss private bank BSI SA's prior owner after losses tied to a Malaysian fund led EFG International AG to cut the price it paid for a controlling stake in BSI, a source familiar with the matter said on Tuesday. As a result, EFG (EFGN.S) got permission from Swiss …

  • Woman clad in a kimono is reflected in an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

    The dollar hit its highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond prices dipped as expectations grew that the Federal Reserve could raise interest rates soon. Surprisingly strong data on U.S. new home sales in April supported the view the economy may be strong enough for the Fed to raise interest …

  • THE ASEAN DAILY- May 25 Reuters - 4 hours ago

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/ASEAN/ASEAN_Daily_May_25_2016.pdf If you would like to receive this newsletter through your email, please ...

  • Monsanto's decision, first reported earlier on Tuesday by Reuters, puts pressure on Bayer to decide whether to raise its bid, even as the company faces criticism from some shareholders that its $122-per-share cash offer is already too high. Monsanto shares ended trading up 3.1 percent at $109.3 in New York, substantially …

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