London jury finds two men guilty of spying for Hong Kong

LONDON -- A jury found on Thursday two men guilty of spying for the Hong Kong government in the U.K., and one of them guilty also of misconduct in public office, a charge that carries a maximum penalty of life imprisonment.


Cambodian and Thai leaders meet but make no breakthrough on border

CEBU, Philippines/PHNOM PENH -- The Thai and Cambodian prime ministers met for the first time in more than six months on Thursday but failed to reach a significant breakthrough to repair fraught bilateral relations -- even though Philippine President Ferdinand Marcos Jr, who mediated the discussion, said some unspecified agreements were reached.


Indonesia prepares Bond Stabilization Fund amid rupiah depreciation

Indonesia will activate a Bond Stabilization Fund next week to support the rupiah, Finance Minister Purbaya Yudhi Sadewa said during a quarterly briefing with the Financial System Stability Committee (KSSK) on Thursday.


First Turkey-Japan defense event in Istanbul signifies closer cooperation

ISTANBUL -- More than 10 Japanese companies, including Terra Drone, participated in the first defense business matchmaking event with Turkish counterparts at a major arms show on Wednesday, when state organizations also signed a letter of intent for further cooperation.


Japan suspected of near $30bn interventions in thin Golden Week trading

TOKYO -- Money market data released by the Bank of Japan on Thursday suggests around 4.5 trillion yen ($28.8 billion) worth of yen-buying interventions took place during the first six days of May, largely coinciding with Japan's Golden Week string of holidays.


ASEAN ministers vow to strengthen regional energy and food security

CEBU, Philippines -- ASEAN foreign and economic ministers promised on Thursday to respond to the regional impacts of the Iran war by "strengthening energy security, safeguarding food security, and coordinating humanitarian responses."


Berkshire increases stake in two Japanese trading houses above 10%

TOKYO -- Prominent U.S. investment firm Berkshire Hathaway has raised its stakes in two Japanese trading houses to over 10%, cementing its position as the largest shareholder in the companies it has continued to champion.


China's Huawei launches 'world's thinnest tablet' and diamond smartwatch

BANGKOK -- Huawei Technologies unveiled a range of consumer products, including "the world's thinnest tablet," at a global launch on Thursday staged in Bangkok, as the Chinese tech giant increasingly sees Southeast Asia as its next growth engine.


AirAsia orders 150 fuel-efficient Airbus planes amid rising oil costs

KUALA LUMPUR -- AirAsia has signed an order for 150 Airbus A220 aircraft worth about $19 billion, the Malaysian budget carrier announced Thursday, in an ambitious fleet overhaul amid rising fuel costs.


Japan stocks close at historic high on hopes for progress in US-Iran talks

TOKYO -- Japanese stocks leaped to a historic high on Thursday as optimism grew around Iran and the U.S. possibly nearing an agreement to end their war.