By Renju Jose and Christine Chen SYDNEY (Reuters) -Australian telco Optus said on Monday it had suffered another emergency call outage in an area south of Sydney, 10 days after a broader disruption that it said had probably caused four deaths when customers were unable to get timely aid. The Australian government called the outage …
Crisis deepens for Australian telco Optus after fresh emergency call outage Read More »
BEIJING (Reuters) -China’s factory activity probably shrank for a sixth straight month in September, keeping alive calls for more stimulus in the world’s second-largest economy to fend off a sharp slowdown as a U.S. trade deal remains distant. The survey of 32 economists forecast the official purchasing managers’ index (PMI) would edge up to 49.6 …
MUMBAI (Reuters) -Malaysia’s palm oil stocks are expected to decline in the coming months, ending the year at around 1.7 million metric tons, as a seasonal slowdown in production coincides with rising exports to meet festive season demand, the industry regulator said. The expected drop in inventories in the world’s second-largest palm oil producer after …
Malaysia’s palm oil stocks to drop as output slows and exports rise Read More »
BANGKOK (Reuters) -Thai Prime Minister Anutin Charnvirakul on Monday outlined his government’s policy agenda to parliament, focusing on immediate actions to revive Southeast Asia’s second-largest economy. Anutin’s policies include measures to reduce living costs, tackle household debt and stimulate domestic tourism, with Thailand now struggling with U.S. tariffs, high household debt, weak consumption and a …
Thailand’s new PM outlines policies to parliament amid economic challenges Read More »
By Leika Kihara TOKYO (Reuters) -A hawkish board split at the Bank of Japan’s policy meeting this month has increased pressure on its dovish governor Kazuo Ueda to move faster on interest rate hikes, raising the prospect the next tightening could come as soon as October. The central bank kept rates steady at 0.5% earlier …
Analysis-BOJ board’s hawkish flex lowers bar for an October rate hike Read More »
By Chen Aizhu SINGAPORE (Reuters) -Terminal operators in a major oil port in east China’s Shandong province are set to introduce measures to ban shadow fleet vessels and curb visits by other old tankers, according to an official notice seen by Reuters and a tanker tracker. The measures, to take effect from November 1, would …
China oil port set to introduce measures to ban shadow fleet Read More »
By Fransiska Nangoy JAKARTA (Reuters) -Indonesia state energy firm Pertamina said fuel retailer Vivo Energy Indonesia (Vivo) has agreed to buy 40,000 barrels of gasoline, out of the 100,000 barrel cargo Pertamina has imported, to help relieve fuel shortages at private retailers. Shell, BP-AKR – the operator of BP’s fuel stations – Vivo and others …
Indonesia’s Pertamina says fuel retailer Vivo agrees to purchase gasoline Read More »
BEIJING (Reuters) -China’s industrial profits returned to growth in August even as businesses braced for a broader economic slowdown amid persistent demand woes. A government crackdown on cost competition helped ease producer deflation last month, but missed economic forecasts have kept pressure on policymakers to bolster growth. Industrial profits rose 20.4% in August from a …
China’s industrial profits rise 0.9% in January-August Read More »
By Ana Mano SAO PAULO (Reuters) -Workers for Toyota in Brazil voted overwhelmingly on Sunday to approve a plan for temporary layoffs following storm damage to one of the Japanese carmaker’s factories in the state of Sao Paulo, according to a statement from the workers union. Heavy rain and winds on September 22 severely damaged Toyota’s …
Toyota workers in Brazil approve temporary layoff plan, union says Read More »
By Xinghui Kok SINGAPORE (Reuters) -Pharmaceutical companies in Singapore are seeking clarification on whether they would qualify for an exemption from steep tariffs imposed by the United States on their goods, Singapore’s Deputy Prime Minister Gan Kim Yong said on Saturday. Singapore exports about S$4 billion ($3.10 billion) of pharmaceutical products to the U.S. and …
US tariffs threaten $3.1 billion of Singapore’s pharma exports, trade talks ongoing Read More »
