Asian stocks draw highest monthly foreign inflows in two years
Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes.
Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes.
UK explorer EnQuest expects to complete the acquisition of Harbour Energy's business in Vietnam in the next month or two and plans to drill new wells to increase oil production there, CEO Amjad Bseisu said.
World number two and top seed Shi Yuqi eased past Yushi Tanaka 21-14 21-7 in the round of 16 at the Indonesia Open on Thursday, while local hope Jonatan Christie lost to Lee Cheuk Yiu.
Indonesia likely registered a smaller trade surplus in April compared with March, as the value of exports was squeezed by a dip in commodity prices and due to higher imports over the Muslim fasting month of Ramadan, a Reuters poll showed.
Brazil, the world's largest exporter of foodstuffs like coffee and soybeans, is keen to increase farm product exports to Islamic countries, said Flavio Bettarello, deputy trade secretary at the Agriculture Ministry.
U.S. President Donald Trump on Tuesday lauded a new trade deal signed with Indonesia and said the United States would be fighting China "in a very friendly fashion."
Indonesia's incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo's nickel "downstreaming" policy but faces the task of reducing oversupply while pushing to strengthen the processing industry, his advisers say.
A G20 foreign ministers meeting in Indonesia on Friday demonstrated consensus behind the demand that Russia lift a blockade of Ukrainian grain exports, a Western official who attended the meeting said.
India has asked trade bodies to reduce edible oil prices by 15 rupees per litre immediately because prices in the world market have fallen sharply, the government said in a statement.
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Indonesian President Prabowo Subianto is planning to attend an event in the U.S. next week on February 19 and is expected to sign a tariff deal with the U.S. around that date, Indonesian Senior Minister Airlangga Hartarto said on Wednesday.
Turkey will not allow terrorist organisations to take shelter in northern Syria and will not hesitate to take action in that regard, President Tayyip Erdogan said.
A look at the day ahead in Asian markets.
Two pressure groups have filed a legal action against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they allege is polluting local rivers used by indigenous communities, they said on Thursday.
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Planning has begun for an international force to stabilize security in the Palestinian enclave, two senior U.S. advisers said.
Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.
Sri Lanka's navy has rescued 104 Rohingya adrift off the Indian Ocean island's northern coast, an official said on Monday, as members of the Muslim minority continue to escape violence in Myanmar and hardship in Bangladesh refugee camps.
The kidnapping of 37-year-old New Zealand pilot Philip Mehrtens by separatist rebels in Indonesia's easternmost region of Papua has thrown a spotlight on the decades-long, low-level insurgency in the remote, resource-rich area.
Edible oil demand in the three biggest markets is very mixed, a top industry analyst told an industry conference on Friday, with India showing growth while China has shown few signs of overcoming the impact of COVID-19 lockdowns.
G20 countries have provisionally agreed to set up a global fund for pandemic preparedness, likely to be housed at the World Bank.