JAKARTA -- The Indonesian government has started targeting prominent palm oil producers in its crackdown against alleged under-invoicing and transfer pricing of commodity exports.

NEW DELHI -- The foreign ministers of Australia, India, Japan and the U.S. met in New Delhi on Tuesday and announced joint initiatives in maritime surveillance, strengthening energy security and critical mineral supply chains, and advancing port infrastructure in Fiji.

NEW DELHI -- The foreign ministers of Australia, India, Japan and the U.S. -- members of the Quad, a partnership that focuses on cooperation in the Indo-Pacific region amid China's increasing assertiveness -- met in New Delhi on Tuesday and announced joint initiatives in maritime surveillance, and strengthening energy security and critical minerals supply chains.

PHNOM PENH -- The release of former Cambodian opposition party leader Kem Sokha came as a welcome surprise to local supporters, but his lawyer and a former colleague warned against viewing the move as an easing of political restrictions.

FRANKFURT, Germany -- A June interest-rate increase by the European Central Bank appears increasingly likely as its chief economist, Philip Lane, signaled a higher inflation outlook for next month in an exclusive interview with Nikkei.

FRANKFURT, Germany -- While market speculation spreads over the European Central Bank's June rate, Philip Lane, the ECB's chief economist, said in an interview with Nikkei, "I don't think the market needs some kind of extra guidance from us," signaling no need to correct this speculation and reinforcing the direction toward further tightening.

TOKYO -- The chief executive of pharma giant AstraZeneca has urged Japan to set drug prices at levels of at least 60% of those in the U.S. amid drugmakers' concerns that the country's low prices could lead to demands for similar pricing in its biggest market.

BEIJING -- As rapid expansion of China's airline industry slows, aircraft makers and suppliers are eyeing a new revenue source: maintenance and repair of aging fleets.

ISLAMABAD -- Pakistan has launched the privatization of three major electricity distribution companies as part of a broader effort to raise government revenue, reduce inefficiencies in the power sector, and meet reform commitments under its program with the International Monetary Fund.