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North Korea objects to sanctions ban on ski resort equipment

SEOUL (Reuters) - North Korea objected on Saturday to a ban on imports of equipment for a luxury ski resort mainly for the ruling elite, indicating toughened U.N. sanctions are impacting the impoverished state.

Global LNG-Supplies Ease On African Tender Spree

LONDON: Liquefied natural gas (LNG) spot prices fell to $15.30 per million British thermal units (mmBtu) this week as African suppliers pumped out more cargoes in a spree of tenders aimed at Asian and Latin American buyers.

The way ahead

THE second-quarter economic and financial developments data released on Wednesday by Bank Negara paints a more challenging picture for Malaysia’s economy in the next six months, at the very least.

Treasury pulse

THE minutes to the July Federal Open Market Committee (FOMC) meeting failed to provide much guidance on the ongoing debate surrounding the timing, composition and pace of tapering, which most economists still expect it to start in September.

Smuggling bonanza on Turkish border as Syrian war drags on

KUSAKLI, Turkey (Reuters) - Each night, a stream of beaten-up cars and trucks weighed down with blue jerry cans rumbles along the muddy lane, ferrying fuel smuggled into Turkey from over the border in Syria.

Indonesia unveils steps to reduce imports, lift investment

JAKARTA: Indonesia's government unveiled an emergency fiscal package on Friday to promote foreign investment, reduce imports and prop up its tumbling rupiah currency, as it struggles to revive confidence in Southeast Asia's largest economy.

Government reassurance helps boost rupee

India's rupee recovered against the dollar in early trade Friday, with investors reassured by comments from Finance Minister P. Chidambaram and the central bank which lifted the currency off its historic lows, analysts said.

Fonterra Suspends Sri Lanka Operations After Milk Powder Protests

WELLINGTON: New Zealand dairy giant Fonterra Co-operative said on Friday it had suspended operations in Sri Lanka after the world's largest dairy exporter faced product bans, court cases and angry demonstrators over its milk products in the country.

Report:Malaysia's Current Account Slumps In Q2, GDP Growth Picks Up

KUALA LUMPUR: Malaysia's current account surplus plunged in the second quarter on weakening exports, overshadowing a slight acceleration in economic growth and highlighting the country's vulnerabilty to market selloffs that have rocked several other Asian economies.

Malaysia's economy likely grew faster in Q2

PETALING JAYA: Malaysia’s economy likely grew slightly faster in the second quarter on sustained domestic demand.