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By Chen Aizhu and Muyu Xu. SINGAPORE/BEIJING (Reuters) - China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry. Already the world's No. |
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Most Southeast Asian stock markets rose slightly on Wednesday after a steep selloff in the previous session, but worries over the rapid spread of the coronavirus in China and its potential economic impact continued to weigh on investor sentiment.
The death toll from the virus outbreak rose sharply.... |
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Already the world's No.2 oil refiner after the United States, China added 800,000 barrels per day (bpd) of capacity last year - 80% of the United Kingdom's refinery throughput - and analysts expect a further 460,000 bpd to become operational in 2020. Domestic demand, however, has failed to keep pace. |
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Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong’s Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese markets remained closed. The U.S. |
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Fri, 06/12/19 - 09:00 By O.W.N News Network A new report from PwC, Rabobank, and Temasek released 20 November 2019 called the Asia Food Challenge Report: Harvesting the Future, estimated that Asia’s agri-food market would grow 7 percent a year, with Asia needing to double its spending on food to over US$8 tri
Fri, 29/11/19 - 11:00 By O. |
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Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese markets remained closed. The U.S. |
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ANALYSIS-China flexes oil refining muscle, upping pain for Asian rivals.
By Chen Aizhu and Muyu Xu SINGAPORE/BEIJING, Jan 29 (Reuters) - China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. |
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By Humeyra Pamuk. WASHINGTON (Reuters) - The U.S. State Department removed a National Public Radio reporter from the press pool for Secretary of State Mike Pompeo's upcoming foreign trip, a press association and NPR said on Monday, days after Pompeo angrily responded to another NPR journalist's interview with him. |
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Thailand ranked sixth out of the top 10 countries where Chinese tourists prefer to use mobile payments, while Singapore ranked first, according to a report by Nielsen and Alipay. The report surveyed 4,837 Chinese travellers and 547 overseas merchants and found Southeast Asia maintains its leadership.... |
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Thailand is expected to record subdued economic growth again this year, clouded by external uncertainties, with the 2020 budget debacle having the most negative effect, says Talis Asset Management. Southeast Asia's second-largest economy is projected to expand by a mere 1. |
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A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, January 3, 2019. — Reuters pic. NEW YORK, Jan 29 — Financial markets rebounded outside Asia yesterday following a global sell-off fuelled by the deadly virus outbreak in China. |
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Futures pointed to a higher open for Japanese stocks, while shares in Australia rose in early trade. Shares of Apple suppliers regionally will be watched, after the Cupertino-based tech giant posted earnings and iPhone sales that smashed expectations. Investors continue to weigh concerns over the.... |
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SINGAPORE Jan. 29, 2020 /PRNewswire/ -- Kearney, a leading global management consulting firm, has named Arjun A. Sethi as the Regional Chair (elect) & new Head of Asia Pacific effective May 1, 2020 . Arjun will oversee the business strategy and operations of Kearney's business across Australia and.... |
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The Korea Composite Stock Price Index plunged Tuesday by three percent to close at 2,176 points, marking the sharpest fall in 15 months. Stocks were down across Asia, including Japan, after Wall Street fell overnight amid fears the coronavirus outbreak could hurt China's economic growth and the global travel industry. |
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MANILA — Asian countries were ramping up defences against a deadly viral epidemic on Tuesday, sealing borders, shuttering public places and clamping down on visitors from China. Concern over the steadily expanding contagion, which has killed over 100 in China and sickened more than 4,500, is prompting an increasingly urgent push for protection. |
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TOKYO (AP) — European stock markets and U.S. futures edged higher after another day of losses in Asia on Tuesday amid worries over the expanding outbreak of a new virus in China. France’s CAC 40 rose 0.5% to 5,893 , while Germany’s DAX rose 0.4% to 13,253. Britain’s FTSE 100 was up 0.5% at 7,447. U.S. |
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SINGAPORE Jan. 29, 2020 /PRNewswire/ -- Kearney, a leading global management consulting firm, has named Arjun A. Sethi as the Regional Chair (elect) & new Head of Asia Pacific effective May 1, 2020 . Arjun will oversee the business strategy and operations of Kearney's business across Australia and.... |
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The Appeal Court yesterday dismissed a bid by two former Radio Free Asia journalists, charged with porn production and espionage, to quash a lower court’s order to re-investigate their cases.
Presiding judge Plang Samnang announced the request was unacceptable but declined to give the grounds for.... |
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Ladies and Gentlemen, Excellencies, dear friends, dear Minister [of Foreign Affairs of Germany, Heiko Maas], dear Ministers, Many thanks to the German Ministry of Foreign Affairs, and to all of you, for hosting this important conference and for inviting me to participate in it. |
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Tourists walk along White Beach in Boracay (File photo) MANILA The government is optimistic Philippine tourism will remain resilient amid China's travel ban on outbound tour groups to prevent the spread of 2019-novel coronavirus (2019 n-CoV), a move seen to hit the industry across Asia who reaps the benefits of Chinese foreign travel. |
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Wing (Cambodia) Ltd Specialised Bank has partnered up with Advanced Bank of Asia Ltd (ABA Bank) to offer a convenient and secure mode of transferring money to customers of both banks in the country.
The partnership will allow customers of both Wing and ABA to transfer funds from their Wing account into an ABA account and vice versa. |
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NEW YORK (AP) — President Donald Trump on Tuesday backed Secretary of State Mike Pompeo in Pompeo’s battle with National Public Radio and tweeted out more media criticism, one target familiar and the other less so. Trump introduced Pompeo at an East Room announcement of the administration’s Mideast.... |
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NEW YORK (AP) - President Donald Trump on Tuesday backed Secretary of State Mike Pompeo in Pompeo’s battle with National Public Radio and tweeted out more media criticism, one target familiar and the other less so. introduced Pompeo at an East Room announcement of the administration’s Mideast peace.... |
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NEW YORK, N.Y. – President Donald Trump on Tuesday backed Secretary of State Mike Pompeo in Pompeo's battle with National Public Radio and tweeted out more media criticism, one target familiar and the other less so. Trump introduced Pompeo at an East Room announcement of the administration's Mideast.... |
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Shares of the company, which draws a third of its revenue from Asia, fell 4.2% and were the biggest drag on the
in morning trading. Sales in Asia-Pacific region, its largest market outside the United States, fell for the fifth straight quarter, weighed by softness in China's automotive and.... |
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