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U.S.'s Pompeo says Trump-Kim summit more likely after October - CBS

WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo said on Wednesday officials were laying the groundwork for the next summit between President Donald Trump and North Korean leader Kim Jong Un, but any meeting would likely occur after October.

FIBA believes less is more as 3x3 continues to grow

MUMBAI (Reuters) - Three-a-side basketball is helping the sport reach out to a new audience and will be a major attraction on its Olympic debut in Tokyo, an International Basketball Federation (FIBA) executive has told Reuters.

KLCI sees lift from Axiata, Chinese markets lead region higher

KUALA LUMPUR: The local market received a lift from Axiata in the afternoon session after investors caught on to news it had been approached for a sale of its stake in M1 Ltd.

Vettel has nothing to fear but plenty to do

SOCHI, Russia (Reuters) - Formula One champions Mercedes have yet to be beaten in Russia, which hosts a grand prix for the fifth time this weekend, but Ferrari's Sebastian Vettel still sees nothing to fear in Sochi.

Foreign airlines to face new rivals on popular China routes as restrictions ease

SHANGHAI: Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct 1, allowing more Chinese carriers to offer service.

Grab halts late-night car-pooling in Singapore after driver complaints

Ride-hailing firm Grab said it would stop offering car-pooling services during late-night hours in Singapore after drivers complained about some passengers being drunk and argumentative.

The company said it would stop its GrabHitch service in Singapore between 1am and 5am from next month. — Reuters

Axiata open to offers for M1 stake (updated)

KUALA LUMPUR: Axiata Group Bhd is open to considering any offer for its stake in Singapore wireless operator M1 Ltd, but said that any bid should incorporate “acceptable control premium.”

Bursa Malaysia turns positive on TNB lift

KUALA LUMPUR: Bursa Malaysia turned positive in the mid-morning session with a jump in Tenaga Nasional leading the market higher.

Ringgit almost unchanged against US$ as investors await US Fed meeting results

KUALA LUMPUR: The ringgit was almost unchanged against the US dollar in early trade Wednesday as investors adopted a wait-and-see attitude awaiting the outcome of the two-day US Federal Reserve meeting, a dealer said.

At 9 am (0100gmt), the local currency stood at 4.1350/1400 against 4.1350/1390 recorded at 6 pm on Tuesday.  The dealer said the meeting could offer direction on future interest rate hikes thus influencing the greenback's movement, which has started to show a downward pattern.

Hess, which has assets in M'sia, has no plans to sell Asian oil assets

SINGAPORE: U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.

"We have 20 years of investment opportunities that have provided good stable cash flow for us," said Hill on the sidelines of the Asia Pacific Petroleum Conference (APPEC) in Singapore.  "But Malaysia, we supply 25 percent of peninsular Malaysia gas ... It's a key core holding for us and we have no interest in selling Southeast Asia (assets)," COO Greg Hill said.(File pic shows tug boats transporting the Hess Corp. Stampede tension leg oil platform, towed from Kiewit Offshore Services Ltd., in this aerial photograph taken above Ingleside, Texas..)