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SINGAPORE: Oil prices were firm on Tuesday as the first signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with ballooning oversupply for over two years.
WASHINGTON (Reuters) - U.S. President-elect Donald Trump said the United States did not necessarily have to stick to its long-standing position that Taiwan is part of "one China," questioning nearly four decades of policy in a move likely to antagonize Beijing.
TOKYO: The Bank of Japan is likely to give a more upbeat view of the economy at next week's rate review, sources say, as a pick-up in emerging Asian demand and positive signs in private consumption improve prospects for a solid, export-driven recovery.
SHANGHAI: China stocks suffered their biggest drop since June to hit a one-month low on Monday, as fresh regulatory curbs were put on trading by insurance companies and worries about incoming U.S. president Donald Trump's China policy rattled investors.
Jakarta (AFP) - Jakarta's Christian governor will stand trial on Tuesday accused of blasphemy in a high-profile case that has emboldened hardline groups and stoked fears of growing intolerance in the world's largest Muslim-majority nation.
HONG KONG: Oil prices jumped more than 5 percent on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the U.S. dollar extended gains ahead of an expected rate hike this week.
AMID much protest, Japan’s lawmakers are considering a bill this week that would open their doors to opulent gambling houses. Analysts have dubbed it “manna from heaven” and the “holy grail.” Yet as any gambler will tell you, appeals to the divine are a sure sign of a weak hand. Japan’s casino project, like Asia’s gambling binge in general, is unlikely to end well.
VIENNA: Apart from Russia, the talks on Saturday had comments or commitments sent from non-Opec members Azerbaijan, Bahrain, Bolivia, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Sudan and South Sudan. Novak said Opec and the non-opec countries at the meeting were responsible for 55% of global output. Their joint reduction of around 1.8 million bpd would account for about 2% of global oil supply. Many non-Opec countries such as Mexico and Azerbaijan face a natural drop in oil production and some analysts expressed doubts those declines should be counted as cuts.
PETALING JAYA: Local steel players are seeing a turnaround in their fortunes thanks to a recovery in steel prices.
The central question facing Exxon Mobil Corp Chief Executive Rex Tillerson if he becomes U.S. secretary of state is whether a lifelong oil man with close ties to Russia can pivot from advancing corporate interests to serving the national interest.